Which two actions should Financial Intelligence Units (FIUs) take when submitting a request to another FIU? (Choose two.)
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A. B. C. D.BD
Financial Intelligence Units (FIUs) are government agencies responsible for collecting, analyzing, and sharing financial intelligence related to money laundering and terrorist financing. When FIUs submit a request to another FIU, they should take the following two actions:
B. Disclose the reason and purpose for the request: FIUs should always disclose the reason and purpose of their request to the receiving FIU. This is essential because it helps the receiving FIU to understand the context and significance of the request. Furthermore, providing the reason and purpose of the request enables the receiving FIU to prioritize the request and allocate resources accordingly.
D. Make best efforts to provide complete and factual information: When submitting a request to another FIU, it is important that FIUs provide complete and factual information to the receiving FIU. This is because the receiving FIU will use the information to carry out its analysis and investigations, and inaccurate or incomplete information can lead to incorrect conclusions and decisions. Therefore, FIUs should make every effort to provide the most comprehensive and accurate information possible.
A. Sending the same request to all FIUs is not necessary as it may not be relevant to all FIUs, and it may also cause unnecessary duplication of efforts.
C. Providing feedback on how the information was used is not a standard practice for FIUs when submitting a request to another FIU. However, the receiving FIU may provide feedback on the usefulness of the information provided by the requesting FIU.
In summary, when submitting a request to another FIU, FIUs should disclose the reason and purpose for the request, and make best efforts to provide complete and factual information.