GDT, FIU Sign Cooperation MoU to Fight against Money Laundering and Terrorist Financing

The General Department of Taxation (GDT) of the Ministry of Economy and Finance and the National Bank of Cambodia (NBC)’s Financial Intelligence Unit (FIU) have signed a Memorandum of Understanding (MoU) on the “Exchange of Information Related to Money Laundering and Financing of Terrorism.”

The MoU was signed here late last week by H.E. Kong Vibol, Director General of GDT, and Mrs. Say Sam Ath, Secretary General of FIU.

The MoU was aimed to promote the effectiveness of investigation on money laundering and terrorist financing cases, according to a GDT’s press release.

The MoU is very important for GDT to get financial information of tax payers to support the audit affair and mechanism in strengthening tax collection management with transparency, effectiveness and equity, said the press release.

Source: AKP