A bank has joined a public-private partnership (PPP) to work with law enforcement and regulators...

Public-private partnerships (PPPs) are highlighted by FATF, the EU, and CAMS 6th Edition as a key method for improving the fight against financial crime. The main benefit is the sharing of intelligence and typologies between banks, law enforcement, and regulators, enabling more effective detection and prevention of illicit activity.

“PPPs facilitate the exchange of actionable intelligence between public and private sectors, resulting in better detection, investigation, and prevention of financial crime.”

(CAMS 6th Edition, Public-Private Partnerships in AML/CTF)

Incorrect Options:

B: PPPs are not primarily designed to automate information sharing or reduce costs.

C: SARs must always be filed with the FIU; PPPs do not change this.

D: PPPs do not guarantee real-time intelligence, which remains a challenge.