95. Co-operation and information exchange between AML/CFT supervisors, other supervisors, FIUs, and other competent authorities, including tax authorities and law enforcement, is important to ensure that all stakeholders have a good understanding of, and can act to mitigate, ML/TF risks. Co-ordination with LEAs and the FIU can help to assess the effectiveness/usefulness of the outputs of entities' AML/CFT programs and provide coordinated messages on risk prioritisation.

96. Prudential and AML/CFT supervisors should establish an effective co-operation mechanism regardless of the institutional setting to ensure that ML/TF risks (informed by NRA processes) are adequately supervised in the domestic and crossjurisdictional context for the benefit of the two functions. Even when a prudential supervisor is not part of an integrated supervisory authority with the AML/CFT supervisor, and that authority therefore does not have direct responsibility for supervising or monitoring compliance with AML/CFT requirements, it will often be responsible, among others, for licensing, and will monitor implementation of systems and controls from a prudential perspective that may be relevant for AML/CFT purposes. For further details see the Basel Committee on Banking Supervisio n's Guidelines for the So und Management of Risks relating to Money Laundering and Financing of Terrorism at Annex 5 "Interaction and Co-operation between Prudential and AML/CFT Supervisors" [Opinion of the European Banking Authority onhow to take into accountML/TF risks in the Supervisory Review and Evaluation Process]. Jurisdictional examples are provided in the FI Compendium at Section 7.5.