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The European Union is failing to exploit valuable financial intelligence on terrorism and organized crime because of poor staffing in government bureaus and inadequate information sharing across borders, officials told parliamentarians. Financial intelligence units, or FIUs, are tasked with receiving and assessing suspicious activity reports supplied predominantly by banks, and disseminating case leads to domestic law enforcement agencies and their foreign counterparts to tackle money laundering, terrorist financing and other financial institutions. Every FIU across the 28-nation bloc is inadequately staffed in terms of quantity, and, at times, quality, of personnel, Sebastian Fiedler of the Association of German Criminal Investigators,...