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Recital 59

Financial crimeLevel 1RegulationAMLAIn forceOfficial source

In order for the General Board in FIU composition to get assistance in the preparation of all relevant decisions under its mandate, it should be supported by a standing committee with a more limited composition. The standing committee should support the work of the General Board in FIU composition and perform its duties solely in the interest of the Union as a whole. It should work in close cooperation with FIU delegates and the staff of the Authority in charge of tasks related to FIUs, and in full transparency vis-à-vis the General Board in FIU composition.