Domestically, it engages in intensive dialogue with the persons submitting the reports, with the supervisory authorities, with the investigative bodies and with the courts. Internationally, it forms part of the network of cooperation made up of all its counterpart authorities abroad. 4 The most significant money laundering activity has supranational implications.
For effective prevention, therefore, both cooperation between the authorities of the countries involved and uniform rules to prevent distortion and regulatory arbitrage are essential. Accordingly, FIUs take part in the international bodies assigned to the prevention and suppression of money laundering and in bilateral and multilateral initiatives.