AUSTRALIA AND ARMENIA FIGHT FINANCIAL CRIME
2009/09/24 | 11:52
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has
signed a memorandum of understanding with its Armenian counterpart,
the Financial Monitoring Center of Armenia, for the exchange of
financial intelligence.
The MOU, which came into effect last week, will boost co-operation
between the two nations to fight financial crimes by allowing
both parties to monitor financial systems to track the proceeds
of crime. It also provides significant support for Australian law
enforcement agencies.
"This MOU further strengthens our ability to share vital financial
intelligence, which is essential to combating global crimes such
as money laundering and terrorism financing," said AUSTRAC chief
executive John Schmidt.