Fiji’s Financial Intelligence Unit (FIU) signed a Memorandum of Understanding (MOU) with its Chinese counterpart, the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) allowing for the exchange of relevant information and intelligence between the two agencies.
The signing was done via postal mail.
Director of FIU Razim Buksh said such international partnership is 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 has signed bilateral MOUs with 30 foreign FIUs and is a member of the Egmont Group of FIUs currently comprising 167 FIUs from around the world.
