CAMS · Question #850
The Financial Intelligence Unit (FIU) in a country has received a suspicious activity report (SAR) which involves significant suspicious fund transfers, not only within its jurisdiction but also in…
The correct answer is D. Countries that are members of the Egmont Group can request assistance for information from. Countries that are members of the Egmont Group can securely exchange information between their Financial Intelligence Units (FIUs) to support money laundering and terrorist financing investigations, even when the activity involves multiple jurisdictions.
Question
The Financial Intelligence Unit (FIU) in a country has received a suspicious activity report (SAR) which involves significant suspicious fund transfers, not only within its jurisdiction but also in a foreign country. Further information is required from the foreign country to determine whether the matter needs to be referred for prosecution locally. Which of the following statements is true in this scenario?
Options
- AIt is against international laws on data protection to access information from foreign countries
- BSovereignty of nations means that information cannot be accessed from foreign countries
- CAny information related to money laundering can be received from any organization at any time
- DCountries that are members of the Egmont Group can request assistance for information from
How the community answered
(51 responses)- A8% (4)
- B14% (7)
- C4% (2)
- D75% (38)
Explanation
Countries that are members of the Egmont Group can securely exchange information between their Financial Intelligence Units (FIUs) to support money laundering and terrorist financing investigations, even when the activity involves multiple jurisdictions.
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