Ukraine signed Memoranda of Understanding between India and the Republic of South Africa

On February 18, 2014 during the Egmont Committee and Working Group Meeting between the State Financial Monitoring Service of Ukraine and relevant authorities of the Republic of India and the Republic of South Africa was signed Memoranda of Understanding concerning cooperation in the exchange of information related to legalization (laundering) of the proceeds of crime and terrorist financing.
Memoranda of Understanding will facilitate the exchange of financial information relating to money laundering and terrorist financing or other relevant activities related to these crimes in accordance to the principles of the Egmont Group of Financial Intelligence Units. Memoranda provides that the Authorities will cooperate on the basis of reciprocity to collect, process and analyze available information in their possession regarding to the financial transactions suspected of being involved in money laundering and terrorist financing.

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