Section 54
Section 54
(1)
The Financial Intelligence Unit may share information with any foreign counterpart agency that performs similar functions based upon reciprocity or mutual agreement on the basis of cooperation arrangements entered into between the Financial Intelligence Unit and such foreign counterpart agency.
(2)
The Financial Intelligence Unit may make inquiries on behalf of a foreign counterpart agency where the inquiry may be relevant to the foreign counterpart agency's analysis of a matter involving suspected terrorist property or potential financing of terrorism.
(31 Without prejudice to the generality of subsection (2), the Financial
Intelligence Unit may -
641
(a)
search its own databases, including information related to reports of suspicious transactions, and other databases to which the Financial
Intelligence Unit had direct or indirect access, including law enforcement databases, public databases, administrative databases and commercially available databases;
(b)
obtain from financial institutions and designated non-financial businesses and professions that is relevant in connection with such request;
{c)
obtain from competent authorities information that is relevant in connection with such request to the extent the Financial Intelligence Unit could obtain such information in a domestic matter; and
(d)
take any other action in support of the request of the foreign counterpart agency that is consistent with the authority of the Financial
Intelligence Unit in a domestic matter.