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Among the Principles for Information Exchange Between Financial Intelligence Units for Money Laundering Cases, issued by the Egmont Group on June 13, 2001, we find which of the following?

Information-sharing agreements must follow the model issued by the Egmont Group.Information which is shared under these agreements will be exempt from the local privacy laws of the countries involved.Information exchanged between FIUs may be used only for the specific purpose for which the information was sought or provided.The requesting FIU may make use of the information shared by a disclosing FIU for administrative purposes without the prior consent of the disclosing FIU.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)

Information exchanged between FIUs may be used only for the specific purpose for which the information was sought or provided.

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