The Fiji Financial Intelligence Unit (FIU) and the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) has signed a memorandum of understanding (MOU) that will enable the two agencies to exchange relevant information and intelligence.
The signing was conducted via postal mail in October.
According to a statement from the FIU, the agencies aimed to establish and strengthen cooperation to more effectively perform their statutory functions under their respective laws.
FIU director Razim Buksh said that international partnership was critical when investigating transnational and complex financial crimes, such as cybercrime and fraud, “particularly in tracing money flows associated with international criminal enterprises and their syndicates”.
“The FIU is empowered under the FTR Act to enter into bilateral MOUs with foreign FIUs and foreign law enforcement agencies to exchange information relevant to the prevention, investigation and prosecution of offences related to money laundering, terrorism financing and other serious criminal activities,” Mr Buksh said.
The FIU has signed bilateral MOUs with 30 foreign FIUs and is a member of the Egmont Group of FIUs, and presently comprise 167 FIUs from around the world.
