European RegTech firm Salv has released practical guidance for financial institutions on legally compliant collaboration in financial crime, aiming to help banks fight fraud and money laundering more effectively.
The document explains when, what, and how institutions can legally share intelligence while meeting their anti-money laundering (AML), counter-terrorist financing (CTF), and fraud obligations.
It is grounded in EU and UK law, including GDPR, AMLR, PSD2/3, and national frameworks, and draws on Salv’s experience enabling over 56,000 intelligence exchanges for 118 institutions across 14 jurisdictions.
Currently, most banks rely on manual, slow, or non-compliant channels such as email and SWIFT, and in some cases unofficial methods like WhatsApp or Telegram. These delays give criminals an advantage, allowing stolen funds to move before investigators can act.
Regulators are increasingly enabling lawful collaboration. Article 75 of the EU’s new AMLR allows firms to exchange customer-level, suspicion-based intelligence “where strictly necessary.”
UK frameworks, including the Economic Crime and Corporate Transparency Act 2023, proposals under PSD3, and guidance from the JMLSG, signal a similar expectation. The forthcoming AMLA rulebook is expected to further embed these principles at the EU level.
“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, which builds on Salv’s intelligence-sharing solution, Salv Bridge, is a free resource for compliance leaders, MLROs, and legal teams across Europe.
It is designed to stand alone, helping institutions understand how to share intelligence safely and identify what passes the “strictly necessary” test under Article 75.
“Intelligence Sharing in Financial Crime: A Guide to Safe, Compliant Collaboration,” is available to download on the Salv website.
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