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CAMS · Question #937

A legal instrument which is executed between two nations and governs cross-border information sharing Is known as a.

The correct answer is B. memorandum of understanding. A memorandum of understanding (MOU) is the legal instrument executed between two nations to govern cross-border information sharing, particularly between Financial Intelligence Units.

Conducting and Responding to Investigations

Question

A legal instrument which is executed between two nations and governs cross-border information sharing Is known as a.

Options

  • Amutual legal assistance treaty.
  • Bmemorandum of understanding.
  • Crequest for urgent information.
  • Ddeclaration of understanding.
  • Ememorandum of agreement.

How the community answered

(52 responses)
  • A
    13% (7)
  • B
    71% (37)
  • C
    2% (1)
  • D
    4% (2)
  • E
    10% (5)

Why each option

A memorandum of understanding (MOU) is the legal instrument executed between two nations to govern cross-border information sharing, particularly between Financial Intelligence Units.

Amutual legal assistance treaty.

A Mutual Legal Assistance Treaty (MLAT) is a formal treaty used primarily for law enforcement and judicial cooperation in criminal proceedings, not specifically for FIU-to-FIU financial intelligence sharing.

Bmemorandum of understanding.Correct

A Memorandum of Understanding (MOU) is the primary legal instrument used between nations - particularly between FIUs - to formalize the framework for sharing financial intelligence and information across borders. MOUs establish the terms, conditions, and procedures for information exchange and are commonly used by Egmont Group member FIUs to facilitate cross-border AML cooperation.

Crequest for urgent information.

A request for urgent information is an operational communication tool used within an existing information-sharing framework, not the foundational legal instrument that governs cross-border sharing.

Ddeclaration of understanding.

A declaration of understanding is not a recognized legal instrument for governing cross-border information sharing between nations in the AML context.

Ememorandum of agreement.

A memorandum of agreement is typically used for domestic inter-agency arrangements and does not serve as the primary legal instrument governing cross-border information sharing between nations.

Concept tested: Cross-border FIU information sharing legal instruments

Source: https://egmontgroup.org/about/information-exchange/

Topics

#memorandum of understanding#cross-border information sharing#international cooperation#legal instruments

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