Section 20: Membership of international financial intelligence groups and provision

20. Membership of international financial intelligence groups and provision of information to overseas financial intelligence unit or comparable body (1) FIU shall be the only body in Mauritius which may seek recognition by any international group of overseas financial intelligence units or comparable body which exchange financial intelligence information on the basis of reciprocity and mutual agreement. (2) Where it becomes a member of any such international group as is referred to in subsection (1), FIU may exchange information with other F8 – 17 [Issue 9] Financial Intelligence and Anti-Money Laundering Act members of the group in accordance with the conditions for such exchanges established by the group. (3) Without prejudice to subsections (1) and (2), where FIU becomes aware of any information which may be relevant to the functions of any overseas financial intelligence unit or comparable body, it may offer to pass on that information to the overseas financial intelligence unit or comparable body on terms of confidentiality requiring the consent of FIU prior to the information being passed on to any other person. (4) Subject to subsection (5), where a request for information is received from an overseas financial intelligence unit or comparable body, FIU shall pass on any relevant information in its possession to the overseas financial intelligence unit or comparable body, on terms of confidentiality requiring the consent of FIU prior to the information being passed on to any other person. (5) Where a request referred to in subsection (4) concerns information which has been provided to FIU by a supervisory authority, a Ministry or other Government department or statutory body, the information shall not be passed on without the consent of that supervisory authority, Ministry, Government department or statutory body, as the case may be. [S. 20 amended by s. 3 (i) of Act 34 of 2003 w.e.f. 27 September 2003.]