FIUs act as central hubs for financial crime intelligence, receiving and analyzing Suspicious Activity Reports (SARs) and other data to support law enforcement.
Option A (Correct): FIUs collect, analyze, and disseminate financial intelligence related to money laundering and terrorist financing.
Option B (Incorrect): FIUs do not prosecute cases-they refer cases to law enforcement agencies for prosecution.
Option C (Incorrect): FIUs analyze financial crime data but do not develop surveillance technology.
Option D (Incorrect): FIUs share intelligence with law enforcement and regulatory bodies, not directly with private companies.
Types of FIUs and Their Roles:

Key FIU Responsibilities:
Collect Suspicious Activity Reports (SARs) from financial institutions.
Analyze financial transactions to identify money laundering patterns.
Disseminate intelligence to law enforcement and regulatory authorities.
Reference:
FATF Recommendation 29 (FIUs and Financial Intelligence Sharing)
Egmont Group Guidelines on FIU Information Sharing
EU Directive on the Role of FIUs in AML/CFT