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Antigua and Barbuda Signs Memorandum of Understanding on Financial Intelligence Sharing

In a significant move to bolster international cooperation in fighting financial crimes, Antigua and Barbuda has signed a Memorandum of Understanding with Poland’s General Inspector of Financial Information.

Background

The agreement was inked on June 11th, 2015, aiming at facilitating the exchange of financial intelligence related to money laundering and terrorism financing between the two countries.

Key Provisions

• Both parties have committed to sharing information in a rapid and useful manner to combat these illicit activities.
• Arrangements for spontaneous exchanges of data are included, initiated by either side when deemed necessary.
• This is the 81st such agreement signed by Poland’s General Inspector of Financial Information, highlighting its commitment to international cooperation in combating money laundering and terrorism financing.

Impact

The signing of this Memorandum of Understanding marks a significant step forward in strengthening ties between Antigua and Barbuda and Poland in the fight against financial crimes. The agreement is expected to lead to more effective information sharing, ultimately contributing to:

• The protection of both countries’ financial systems from illicit activities.
• Enhanced international cooperation in combating money laundering and terrorism financing.

Conclusion

The signing of this Memorandum of Understanding demonstrates the commitment of Antigua and Barbuda and Poland to working together to combat financial crimes. This agreement is an important step forward in strengthening ties between the two countries and contributing to the protection of their financial systems from illicit activities.