The State Assets Recovery Agency (SARA) and the Financial Intelligence Unit (FIU) yesterday signed a Memorandum of Understanding (MoU) to formalise information sharing.
Speaking at the signing, which was held in the SARA boardroom at Main and New Market streets, Georgetown, FIU head Matthew Langevine stressed that the MoU is aimed at fostering cooperation and specifically the sharing of intelligence so as to ensure effectiveness in the execution of the two entities’ respective mandates and functions.
The FIU, which acts as the national reservoir for the relevant financial information, he said, has recognised the importance of having access to the widest possible range of information that can help to promote and intensify its mandate, which includes facilitating the detection and deterrence of money laundering and terrorist financing and other financial crimes by extension.