(1) A supervisory authority must take such steps as it considers appropriate -
(a) to co-operate with other supervisory authorities, the Treasury and law enforcement authorities in relation to the development and implementation of policies to counter money laundering and terrorist financing;
(b) to co-ordinate activities to counter money laundering and terrorist financing with other supervisory authorities and law enforcement authorities.
(c) [deleted]
(1A) A supervisory authority may take such steps as it considers appropriate to cooperate with overseas authorities -
(a) for the purposes of these Regulations, and
(b) to ensure the effective supervision of a relevant person to which paragraph (2) applies.
(2) This paragraph applies to a relevant person established -
(a) in the United Kingdom, which has its head office in another country; or
(b) in another country but which has its head office in the United Kingdom.
(3) Co-operation may include the sharing of information which the supe
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