The Bahamas and Australia have signed a memorandum of understanding that will see them exchange fina...
The Bahamas and Australia have signed a memorandum of understanding that will see them exchange financial information in an attempt to fight money laundering and terrorism financing.
Acting director of the Bahamas, FIU Edward Smith, said the agreement was necessary to allow AUSTRAC to comply fully with its responsibilities as a member of the Egmont Group, in relation to its cooperation with the Bahamas.
The Egmont Group comprises 84 financial intelligence units from various countries around the world, responsible for receiving, analysing and disseminating financial information reported to their respective anti-money laundering and anti-terrorist financing regimes.
£500,000 annual fee income
Data by LinkedIn
£42m assets under influence
Up a fifth on 2015/16
One day to go …