RegTech firm Salv has published guidance for financial institutions on legally compliant collaboration in financial crime.
The document explains when, what, and how banks can share intelligence while meeting AML, CTF, and fraud obligations.
It draws on EU and UK law, including GDPR, AMLR, PSD2/3, and national frameworks, and Salv’s experience enabling over 56,000 exchanges for 118 institutions across 14 countries.
Many banks currently rely on slow or non-compliant channels such as email, SWIFT, or unofficial apps like WhatsApp, giving criminals an edge.
Article 75 of the EU AMLR permits firms to exchange suspicion-based intelligence “where strictly necessary.” UK regulations, PSD3 proposals, and the JMLSG guidance indicate a similar trend, with AMLA expected to embed this further.
“We’ve spent five years helping institutions share intelligence in a secure, compliant, and structured way,” said Taavi Tamkivi, co-founder and CEO of Salv. “The crime fighters using it today tell us they couldn’t live without it. Yet across Europe, most are still relying on email, workarounds, or nothing at all. That’s no match for today’s criminals.”
“This guidance distils everything we’ve learned into a practical guide that’s already working in the real world. The legal foundations are there. The tools exist. Ask yourself: what’s really stopping your organisation? And what might you achieve if you start collaborating more effectively?”
The guidance is a free resource for compliance leaders, MLROs, and legal teams and can be used independently of Salv Bridge, helping institutions safely share intelligence while meeting the “strictly necessary” test in Article 75.
“Intelligence Sharing in Financial Crime: A Guide to Safe, Compliant Collaboration,” is available to download on the Salv website.
