Financial Groups shall implement group-wide programs for combating Crime, which shall be applicable to all branches and subsidiaries in which the group holds a majority ownership. Such programs shall, in addition to what is stipulated in Article (21) of this Resolution, include the following: 1. Policies and procedures for the exchange of information required for Customer Due Diligence and crime risk management purposes; 2. Provision of information relating to customers, accounts, and transactions from branches and subsidiaries to compliance, audit, and Anti-Money Laundering, combating Terrorism Financing officers at the financial group level where necessary for the purposes of combating Crime, including information resulting from the analysis of Transaction, or activities that appear unusual or suspicious, Suspicious Transaction Reports, or information indicating that such a report has been submitted. In all cases, such information shall be made available to branches and subsidiaries where appropriate and where consistent and proportionate with risk management; 3. The provision of adequate safeguards relating to confidentiality, non-tipping-off or notification, and the use of exchanged information.
Interpretation and application must be checked against the official text and current version.