CHAPTER III

REPORTING OBLIGATIONS
SECTION 1

General provisions
Article 21
1
Each Member State shall establish a FIU in order effectively to combat money laundering and terrorist financing.
2
That FIU shall be established as a central national unit. It shall be responsible for receiving (and to the extent permitted, requesting), analysing and disseminating to the competent authorities, disclosures of information which concern potential money laundering, potential terrorist financing or are required by national legislation or regulation. It shall be provided with adequate resources in order to fulfil its tasks.
3
Member States shall ensure that the FIU has access, directly or indirectly, on a timely basis, to the financial, administrative and law enforcement information that it requires to properly fulfil its tasks.