The Financial Intelligence Department (FID), RMA signed a Memorandum of Understanding (MoU) on 3 March 2020 at the RMA with Road Safety and Transport Authority (RSTA), MoIC and the Department of Civil Registration and Census (DCRC), MoHCA for cooperation in the exchange of information relating to Financial Intelligence on money laundering, associated predicate offences and terrorist financing.


The MoU thus signed is a requirement under Recommendation 40 of the Financial Action Task Force (FATF) and is a coordination mechanism for facilitating effective and timely exchange of information/intelligence between competent agencies/authorities for prevention of Money Laundering and Terrorist Financing.


With the signing of MoU with RSTA, MoIC and the DCRC, MoHCA, on 3March 2020, the FID, RMA has now signed MoUs with a total of 9 different (domestic) agencies comprising of Law Enforcement agencies (RBP & ACC) and other competent authorities such as DRC, BNCA, CSOA, TCB, DoI, RSTA and DCRC.