Gathering Information in Cross-Border Money Laundering Investigations

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The Financial Action Task Force (FATF) is an intergovernmental organization that sets global standards for anti-money laundering (AML) and countering the financing of terrorism (CFT). In the context of a cross-border money laundering investigation, there are several channels that can be utilized to gather information, two of which are highlighted in the question.

A. Contacting existing liaison officers in the foreign jurisdiction: This channel involves contacting existing liaison officers or other law enforcement personnel in the foreign jurisdiction. This can be helpful because these individuals may already have knowledge of the local laws, regulations, and practices that could assist in the investigation. Liaison officers can also help facilitate communication and information sharing between the investigating agencies in different jurisdictions.

B. Exchanging information between national law enforcement agencies: This channel involves exchanging information between the national law enforcement agencies of the relevant jurisdictions. This could include sharing information about the suspect, their financial transactions, and any other relevant information that could help with the investigation. By sharing information, agencies can develop a more complete picture of the suspected money laundering activity and increase the chances of identifying and disrupting illicit financial flows.

C. Contacting the potential suspect or their family members to request information: This channel is not recommended as it could compromise the integrity of the investigation and potentially jeopardize the safety of the investigators. Also, contacting the suspect directly could tip them off about the investigation and give them an opportunity to cover up any illegal activity.

D. Submitting only formal requests for information to a financial intelligence unit: This channel involves submitting formal requests for information to a financial intelligence unit (FIU) in the relevant jurisdiction. FIUs are typically responsible for receiving, analyzing, and disseminating financial intelligence related to money laundering and terrorist financing. Formal requests for information can be made through the appropriate channels, such as mutual legal assistance treaties (MLATs) or other established mechanisms for international cooperation.

In conclusion, the two channels that can be utilized during a cross-border money laundering investigation to assist in gathering information according to the FATF are A) Contacting existing liaison officers in the foreign jurisdiction, and B) Exchanging information between national law enforcement agencies.