2016-08-30
On 30 August 2016, China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) and Cambodia Financial Intelligence Unit (CAFIU) signed a Memorandum of Understanding (MOU) on the Exchange of Financial Intelligence related to Anti-Money Laundering and Combating the Financing of Terrorism at 11AM at People’s Bank of China in Beijing, China, presided over by His Excellency Guo Qingping, Deputy Governor of the People’s Bank of China, and Her Excellency Neav Chanthana, Deputy Governor of the National Bank of Cambodia.
Having understood the benefit of sustainable economic development as well as the strengthening of relationship between the two countries, CAMLMAC and CAFIU have agreed to sign the MOU on the exchange of financial intelligence related to anti-money laundering and combating the financing of terrorism (AML/CFT). This MOU is based on the spirit of cooperation and mutual interest within the framework of national laws of each Authority to join international community in the fight against money laundering and terrorism financing in the region and the world in an attempt to trace, prevent and eliminate money laundering and terrorism financing.
Both delegations have also shared views and experiences on the progress made with regards to AML/CFT and plan to strengthen cooperation focusing on training, capacity building and technical assistance.
