FIUs act as central hubs for financial crime intelligence, receiving and analyzingSuspicious Activity Reports (SARs)and other data to support law enforcement.
Option A (Correct):FIUscollect, analyze, and disseminate financial intelligencerelated tomoney laundering and terrorist financing.
Option B (Incorrect):FIUsdo not prosecute cases—they refer cases tolaw enforcement agenciesfor prosecution.
Option C (Incorrect):FIUs analyze financial crime data butdo not develop surveillance technology.
Option D (Incorrect):FIUs share intelligencewith law enforcement and regulatory bodies, not directly with private companies.
Types of FIUs and Their Roles:
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Key FIU Responsibilities:
Collect Suspicious Activity Reports (SARs)from financial institutions.
Analyze financial transactionsto identify money laundering patterns.
Disseminate intelligence to law enforcement and regulatory authorities.
[Reference:, FATF Recommendation 29 (FIUs and Financial Intelligence Sharing), Egmont Group Guidelines on FIU Information Sharing, EU Directive on the Role of FIUs in AML/CFT, , , , ]
