What type of request does law enforcement typically make for intelligence from a FinTech?

Law enforcement typically makes non-legally binding requests for intelligence from FinTech companies when they seek assistance or information related to investigations or monitoring of potential illegal activities such as fraud or money laundering. These requests are often informal and can be initiated through communication or dialogue between law enforcement and the FinTech entity, aiming to gather insights or data that may aid in ongoing investigations.

While formal court orders and legally binding requests are indeed more stringent and often follow specific legal protocols to compel action or the provision of information, law enforcement agencies frequently initiate discussions with FinTech companies to see if they can provide intelligence on a voluntary basis. In many cases, the collaboration is based on a trusted relationship rather than a legal obligation.

This interactive and cooperative approach allows FinTech companies to assess their capacity to assist without the pressure or formality of a legally binding request, thus fostering a collaborative environment that can benefit both law enforcement and the financial services sector.