Macau, China (BBN)-Bangladesh and Bhutan Thursday signed a memorandum of understanding (MoU) to exchange information relating to money laundering and terrorist financing.

The MoU was signed in Macau of China where 17th Annual Meeting of The Asia/Pacific Group on Money Laundering is now going on, said a press statement of Bangladesh Bank.

Eden Dema, deputy governor of Royal Monetary Authority of Bhutan, and Mahfuzur Rahman, deputy head of Bangladesh Financial Intelligence Unit (BFIU) and executive director of Bangladesh Bank, signed the MoU.

Both of them are attending the 17th annual meeting in China.

Bhutan is a neighboring and friendly country of Bangladesh.

During the Liberation War of Bangladesh, Bhutan recognises Bangladesh as the first country.

After signing the MoU, both the party expressed their deep satisfaction and hope that both the countries can take action more actively and effectively against money laundering and terrorist financing in the days ahead.

BBN/JF/SS-17July14-2:00pm (BST)