The Australian Transaction Reports and Analysis Centre (AUSTRAC) has signed a Memoranda of Understanding with both the FCA and HMRC in the UK.

The Memoranda will generate opportunities through the exchange of regulatory information to strengthen operational collaboration between the two agencies, and significantly, could result in “joint anti-money laundering and counter-terrorism financing supervision”.

The move reflects both nations’ commitments to collaboratively engage in combatting the global threat of money laundering and the creation of a hostile financial environment for organised crime.

https://www.austrac.gov.au/news-and-media/media-release/austrac-cements-partnership-united-kingdom-intensify-fight-against-financial-crime

Share with: