KoFIU, Tajikistani counterpart agree on anti-money laundering cooperation
The Korea Financial Intelligence Unit (KoFIU) and its Tajikistani counterpart signed a memorandum of understanding on financial information exchanges to combat money laundering activities, the country's financial regulator said Friday. KoFIU and its Tajikistani counterpart, the Financial Monitoring Department under the National Bank of Tajikistan, agreed to bolster cooperation to counter money…
The Korea Financial Intelligence Unit (KoFIU) and its Tajikistani counterpart have signed a memorandum of understanding to enhance cooperation in fighting money laundering, the country's financial regulator announced on Friday.
The Financial Services Commission (FSC) reported that KoFIU and the Financial Monitoring Department under Tajikistan's National Bank of Tajikistan agreed to strengthen cooperation to detect and analyze suspicious financial transactions, supporting anti-money laundering efforts.
According to the FSC, this bilateral agreement is crucial for detecting and analyzing suspicious capital flows and bolstering anti-money laundering efforts. KoFIU, which falls under the FSC's jurisdiction, is responsible for countering money laundering, terrorist financing, and other illicit financial activities.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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