FATF 40 Recommendations R.2: R.2 National cooperation and coordination

Countries have national AML, CFT and counter-proliferation-financing policies informed by the identified risks, regularly reviewed, with a designated authority or coordination mechanism responsible for them, and ensure that policy makers, the FIU, law enforcement, supervisors and other competent authorities can cooperate, coordinate and exchange information domestically at policy and operational levels, including cooperation to keep AML/CFT/CPF requirements compatible with data protection, privacy and similar rules such as data security and localisation; the Interpretive Note requires inter-agency frameworks led by designated authorities, naming the agencies that belong in them from finance and justice ministries to the FIU, customs, tax, supervisors and company and beneficial ownership registries, with mechanisms for operational cooperation and timely domestic information sharing.