Recital 42

In light of the cross-border nature of ML/TF, effective and efficient cooperation, information exchange and coordinated action between FIUs are of crucial importance. In order to improve such coordination and cooperation, the Authority should be entrusted with tasks and powers enabling the Authority and FIUs to jointly constitute a support and coordination mechanism for FIUs. To that end, the Authority should have sufficient human, financial and IT resources, which should, where necessary, be organisationally separated from the staff carrying out the tasks relating to the Authority’s supervisory activities. The success of the support and coordination mechanism for FIUs depends on the Authority and FIUs cooperating in good faith and exchanging all relevant information required to fulfil their respective tasks. In the case of a disagreement between FIUs in relation to cooperation and the exchange of information, the Authority should be informed accordingly and should be able to act as a mediator between the relevant FIUs.