St. Lucia and Taiwan sign MOU

Director of Financial Intelligence Authority, Paul Thompson, (Left) and Taiwan Ambassador Ray Mou,.

CASTRIES, St. Lucia, Jan 10, CMC – Taiwan and St. Lucia have signed a Memorandum of Understanding (MoU) providing for cooperation in the exchange of financial intelligence related to money laundering and terrorism financing.

The MOU will facilitate the exchange of information between St. Lucia’s Financial Intelligence Authority and Taiwan’s Anti-Money Laundering Division, Investigation Bureau.

The two financial intelligence units have worked together at previous Egmont Group meetings, and recognized the importance of bilateral collaboration in the wake of prevention increasing cross-border financial crimes, according to a statement released here.

Taiwan’s Ambassador Ray Mou, praised the efforts made by the two parties, noting that the MOU will not only serve to deter money laundering and terrorism financing, but will also play a positive role in encouraging reliable capital flow and investment between the two diplomatic allies.

He said that the agreement signaled a good start to 2017 and the ongoing bilateral relationship between the two countries.

Director of Financial Intelligence Authority, Paul Thompson, signed the MOU on behalf of the St.Lucia government on Monday.

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