AUSTRAC and NFIU Sign MoU to Fight Financial Crime

​AUSTRAC and the Nigerian Financial Intelligence Unit (NFIU) have signed a Memorandum of Understanding (MOU) for the exchange of financial intelligence.

Under the MOU, both countries will cooperate in the exchange of information related to money laundering and terrorism financing.

Deputy CEO, Dr John Moss represented AUSTRAC at the signing of the MOU with NFIU Director and CEO Mr Modibbo Hamman Tukur, while attending the Egmont Group Plenary meetings in Latvia.

AUSTRAC CEO Nicole Rose welcomed the agreement between AUSTRAC and the NFIU.

"Financial crime is a global threat, so it is critical that we work with our international counterparts in the fight against money laundering and terrorism financing." she said. 

"This agreement with the NFIU will help us work together to tackle this global threat."

AUSTRAC has MOUs with 99 international FIUs which help to strengthen its capacity to exchange financial intelligence and regulatory information with foreign counterparts.