Anti-Money Laundering Law of 18 September 2017 - Article 121

Art. 121

§ 1. The supervisory authorities shall cooperate and exchange all useful information whenever necessary for the exercise of the supervisory powers conferred on them by or pursuant to this Law, in particular with respect to obliged entities which simultaneously fall within the competence of several of them and with respect to obliged entities that are part of a group comprising subsidiaries or branches that fall within the competence of several of them.

§ 2. The CTIF-CFI and the supervisory authorities referred to in Title 4 shall cooperate and exchange all useful information whenever necessary for the exercise of the powers conferred on them by or pursuant to this Law.

§ 3. For the purposes of this Article, the obligation of professional secrecy to which the supervisory authorities concerned and the CTIF-CFI are subject, is waived.