The U.S. and China Agree to Share Money Laundering Intelligence

The U.S. and China Agree to Share Money Laundering Intelligence

December 2015

The U.S. Treasury Department's Financial Crimes Enforcement Network and China’s Anti-Money Laundering Monitoring and Analysis Center have entered into a memorandum of understanding to prevent money laundering and terrorism financing.

The memorandum of understanding will ensure that the parties share valuable intelligence in respect of financial information. The exchange demonstrates a coordinated international effort to prevent money laundering and terrorism financing.

The U.S. is already a party to many similar agreements with financial intelligence agencies in other countries. For instance, the Egmont Group is a collective of 151 countries that share expertise and intelligence to combat money laundering and terrorism financing. As China is not a part of the Egmont Group, this memorandum of understanding with the U.S. is a significant step in the continued international effort to prevent money laundering.

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