An independent “Financial Intelligence Unit” shall be established within the Central Bank and shall act independently. All Suspicious Transaction Reports and information related thereto shall be submitted thereto, exclusively, by all Financial Institutions, Designated Non-Financial Businesses and Professions and Virtual Asset Service Providers. The Unit shall undertake the study and analysis thereof, and shall refer the same to the Concerned Authorities either automatically or upon request, and shall be vested with the following competences: 1. To request from Financial Institutions, Designated Non-Financial Businesses and Professions, Virtual Asset Service Providers, and the Concerned Authorities, the provision of any additional information or documents related to the reports and information received, as well as any other information deemed necessary for the performance of its duties, within the timeframe and in the form prescribed by the Unit. 2. To exchange information and cooperate, automatically or upon request, with counterpart units and other competent authorities with respect to the suspension or cessation of operations suspected to be associated with the Crime, regarding such operations, Suspicious Transaction Reports, or any other information which the Unit is empowered to obtain or access, whether directly or indirectly. The Unit shall likewise exchange information with Concerned Authorities within the State to facilitate such cooperation and shall notify the counterpart units of the results of the utilization of the information provided and of the analyses conducted thereon. Such information may only be used for the purposes of combating the Crime and shall not be disclosed to any third party without the approval of the Unit. 3. To conclude Memoranda of Understanding for the purpose of regulating cooperation and the exchange of information with counterpart units and Concerned Authorities. 4. To establish and maintain a database of the information in its possession, and to protect the same by imposing rules governing the security and confidentiality of information, including the implementation of cybersecurity measures and procedures for processing, storing, and transmitting information, and to ensure that access to its facilities, data, and technical systems is restricted. 5. Any other competences in accordance with the provisions of this Decree by Law or as may be prescribed by its Executive Regulations.
Interpretation and application must be checked against the official text and current version.