The Financial Intelligence Unit of Bhutan (FIUB) has entered into a Memorandum of Understanding (MoU) with Bangladesh Financial Intelligence Unit (BFIU) and the Korea Financial Intelligence Unit (KoFIU) concerning cooperation in the exchange of financial intelligence relating to money laundering, associated predicate offences and terrorist financing on 17th July 2014 in Macau, China.
The MoU was signed as the sideline agenda during the 17th Annual Meeting of the Asia Pacific Group (APG) on Money Laundering. The MoU was signed by Ms. Eden Dema, Deputy Governor, Royal Monetary Authority of Bhutan, Mr. M. Mahfuzur Rahman, Executive Director, Bangladesh Bank and Mr. Lee Hae-Sun, Commissioner, KoFIU of the Republic of Korea respectively.
Bhutan being the member of APG has the obligation to enter into MoU with the APG member countries to set out a framework for co-operation and to expedite the exchange of information. The MoU signing ceremony was attended by other delegates of Bhutan, Bangladesh and Korea FIU.
With the signing of MoU, the parties expressed their deep satisfaction and hoped that the countries can take action actively and mitigate risk against money laundering and terrorist financing.
