Regional cooperation strengthened

Regional cooperation against money laundering, terrorist and proliferation financing, received another fillip when the directors of financial intelligence units from eight (8) Member countries of the CFATF signed MOUs which will foster bilateral cooperation towards the sharing of information. This augers well for the region because it not only adds to the potential sources of information available to the FIUs to properly undertake their analytical functions, but it also ensures that any regional investigative and intelligence gathering blind spots, which may have been available to criminals who are seeking to either hide their criminal proceeds or facilitate terrorist activities, have been significantly reduced.

The MOUs were signed following the 22nd meeting of the CFATF Heads of FIUs which was held in Port-of-Spain, Trinidad, on May 26, 2015.