Taiwan, Saint Lucia ink anti-money laundering MOU

Focus Taiwan
Date: 2017/01/10
By: Chen Huei-jen and Ko Lin

(Photo courtesy of ROC Embassy in Saint Lucia)

Taipei, Jan. 10 (CNA) Taiwan signed a memorandum of understanding (MOU) with Saint Lucia Monday on cooperation in the battle against money laundering, the funding of terrorism and other major forms of financial crime.

The MOU was signed by Financial Intelligence Authority Director Paul Thompson on behalf of the Saint Lucia government in a ceremony held at the Embassy of the Republic of China (Taiwan) in the Caribbean country. The finalization of the MOU, witnessed by ROC Ambassador Ray Mou (牟華瑋), went into effect January 9, 2017.

The MOU was pre-signed by Lee Hung-jin (李宏錦), head of Taiwan’s Anti-Money Laundering Division under the Investigation Bureau, on November 22 last year. The copy of the agreement was then sent to the ROC Embassy to be finalized by the Saint Lucian counterparts.

“This memorandum marks a milestone for Taiwan-Saint Lucia bilateral cooperation on countering cross-border money laundering,” Mou said, adding that the pact signaled a good beginning to 2017.    [FULL  STORY]

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