131. Other authorities hold important information that should inform supervisory risk assessments. For example, regulated entities report suspicious activities to FIUs that are further investigated by other authorities and supervisors need to obtain feedback on this reporting and on typologies to better understand the risks facing the entities they supervise. In the same vein, prudential authorities or other foreign authorities can be aware of new activities in a regulated entity that supervisors are not aware of, which can give rise to new AML/CFT risks.

132. Strategies to address this challenge:

• Supervisors should diversify the sources of inputs of their risk assessments by engaging with other stakeholders, especially other AML/CFT or prudential supervisors, the FIU, law enforcement agencies, and relevant foreign authorities. Some ways to facilitate this are secondments and liaison officers for pertinent relationships and joint meetings or guidance for regulated entities. In some jurisdictions, the FIU provides regular reports on the quality and quantity of STR filings by regulated entities and/or specific warnings that highlight deficiencies or weaknesses identified in some regulated entities' internal control systems. See section 3.9 and case studies at 7.5.