FIU.NET is a decentralised computer network supporting the FIUs in the European Union in their fight against Money Laundering and Terrorist Financing. Decentralised meaning, that there is no central database in one specific Member State where all the exchanged data is stored. When sending the information from one FIU to another, the exchanged data is only and safely stored on the FIU.NET databases at the premises of the FIUs involved in the exchange.
Consequently this creates uniformity in the fight against ML/TF in the EU. However, still the question needs to be addressed on how FIU.NET breaks down the information barriers without breaking (national) data protection rules and regulations? And, how can FIU.NET help detect hidden proceeds in the Member States without violating the privacy of innocent civilians? This is realised through the Ma3tch feature.