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EU Upgrades Financial-Intelligence Sharing Portal

Koos Couvée
London Bureau Chief

The European Commission, the EU's executive branch, has overhauled the online portal through which the bloc's 27 nations, Norway and Europol share details of suspicious transactions and other intelligence with one another, officials disclosed Tuesday. Upgrades to FIU.net, which launched in 2002, aim to allow for quicker, more-secure transfers, processing and management of suspicious transaction reports and other financial intelligence, including large datasets, while also ensuring better interoperability with the IT systems of the 28 national financial intelligence units, or FIUs, that now use the portal. FIUs also use the portal to disseminate "selected and relevant information" that concerns other EU...

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