FIU.NET IN A NUTSHELL

FIU.NET is a decentralised computer network. 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. This is an important requirement as it guarantees that it is only the FIU “owning” the information that is in charge of its own information. FIU.NET is designed using input of FIU analysts and combines state of the art technology to make the work of the FIU.NET user as simple as possible. When European FIU analysts are confronted with links of money launderers or terrorism financers to neighbouring countries or other Member States they will request the counterpart FIU in a secure, speedy, and simple way. FIU.NET automatically standardises EU data, which makes it possible to compare data, statistics, etc. 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.