Financial Intelligence Unit

The FIU examines the declarations and may request any additional information from:

• Any bodies and persons concerned in Article 1 of Act no. 1.362 of 3 August 2009, amended
• Police services, particularly for legal information
• Other government departments
• The Public Prosecutor
• National bodies with supervisory functions

As soon as this investigation reveals a serious indication of money laundering, terrorist financing, or corruption, the FIU prepares a report which is submitted to the Public Prosecutor accompanied by all relevant documents, except for the statement itself, which must not be included in any procedural documents, under penalty of the measures provided for in Article 308 of the Criminal Code.

If, due to the seriousness or urgency of the matter, the FIU deems it necessary, it may oppose the execution of any transaction on the client's behalf in accordance with Article 37 of Act no. 1.362 of 3 August 2009.

This objection shall be notified in writing or, failing this, by fax or by an appropriate electronic means, before the expiry of the period provided for in the previous article. It shall prevent any transaction from being carried out for a maximum of five working days from the date of notification.

As part of its mission, the FIU conducts:

1°) Operational analysis, which exploits information that is available and likely to be obtained in order to identify specific targets, in particular persons, property or criminal networks or associations, to trace particular activities or operations and to establish links between these targets and possible proceeds of offences and money laundering, underlying offences and terrorist financing.

2°) Strategic analysis using available and obtainable information, including data provided by other competent authorities, to identify money laundering and terrorist financing trends and patterns.