China and Australia have agreed to share intelligence information on terrorism financing

Almaty. November 4. Silkroadnews – China’s Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) and its Australian counterpart the Australian Transaction Reports and Analysis Centre signed a memorandum of understanding in Beijing to share intelligence information to combat money laundering and terrorism financing, “Xinhua” agency says.

According to the memorandum, based on reciprocity China and Australia will cooperate in intelligence gathering, analysis and joint investigation on money laundering, terrorism financing and other related crimes and assist each other in investigating such crimes.

Both sides’ representatives have noted that signing of the memorandum will raise the level of bilateral cooperation in fighting against money laundering and will contribute significantly to joint work on combatting money laundering, financing of terrorism and other related crimes.