Memorandums of Understanding, concerning cooperation in the exchange of financial intelligence

General Inspector of Financial Information has lately signed the Memorandum of Understanding with its counterpart in Hong Kong – Joint Financial Intelligence Unit of the Hong Kong Special Administrative Region of the People's Republic of China, concerning cooperation in the exchange of financial intelligence related to money laundering and financing of terrorism.
 
After the agreement was signed on 10 July it came into force and allows for rapid and constructive exchanges of information necessary to fight money laundering and terrorism financing, including the arrangements for spontaneous sharing of information – on initiative of both sides.
 
Signing the memorandum with the financial intelligence unit of Hong Kong gave General Inspector of Financial Information its 65^th agreement in the area of strict cooperation in combating money laundering and terrorism financing.