Paris — On Oct. 20, Israel’s Money Laundering and Terror Financing Prohibition Authority (IMPA) and France’s Intelligence and Action Against Clandestine Financial Circuits (TRACFIN) signed a memorandum of understanding (MOU) for better, deeper cooperation against money laundering.
The two countries signed in 2004 a basic agreement to cooperate in this field, but recent developments encouraged the parties to reach a more detailed MOU that covers technological and other changes in this crime field. Hence, representatives of both agencies will meet regularly to discuss developments concerning money laundering threats and terrorist financing, share information on a case-to-case basis and cooperate on analyzing the techniques used by criminals.
