The Anti-Money Laundering Division, Investigation Bureau,
Ministry of Justice, Taiwan and the British Virgin Islands
Financial Investigation Agency (hereinafter referred to as “
the Authorities ” ), desire, in a spirit of cooperation and
mutual interest, and within the framework of each Authority ’ s
domestic legislation, to facilitate the exchange of information
in support of the investigation or prosecution of money
laundering and terrorist financing.
To that end, the Authorities, with the purpose of fostering
information exchange to the fullest extent possible, have
reached the following understanding:
1. The Authorities will cooperate to assemble, develop and
analyse information in their possession concerning financial
transactions suspected of being related to money laundering
and terrorist financing or criminal activities connected with
money laundering and terrorist financing. To that end, the
Authorities will exchange spontaneously, or upon request, any
available information that may be relevant to the
investigation by the Authorities into financial transactions
related to money laundering, terrorist financing and the
persons or companies involved. Any request for information
will be justified by a brief written statement of the
2. The information or documents obtained from the respective
Authorities will not be disseminated to any third party, nor
be used for administrative, prosecutorial or judicial
purposes without prior consent of the disclosing Authority.
It is understood that information obtained in accordance with
this Memorandum of Understanding (hereinafter referred to as
MOU) may only be used in support of investigations related to
money laundering, terrorist financing and related crimes.
3. The Authorities will not permit the use or release of any
information or document(s) obtained from the respective
Authorities for purpose other than those stated in this MOU,
without the prior consent of the disclosing Authority.
4. The information acquired in application of this MOU is
confidential. It is subject to official secrecy and is
protected by at least the same confidentiality as provided by
the relevant legislation of the receiving Authority for
similar information from domestic sources. Notwithstanding
the termination of this MOU, this provision shall remain in
5. The Authorities will jointly arrange, consistent with the
legislation of their respective territories, acceptable
procedures of communication and will consult each other for
the purpose of implementing this MOU.
6. Communication between the Authorities shall take place in
7. The Authorities are under no obligation to give assistance if
judicial proceedings have already been initiated concerning
the same facts as the request is related to.
8. This MOU may be amended at any time in writing by mutual
9. This MOU is revocable at any time. The termination will
become effective as from the reception of the written
notification from the other Authority.
10. This MOU will become effective upon the date of signature by
IN WITNESS WHEREOF, the undersigned, being duly authorized by
their respective Authorities, have signed this MOU.
Signed in Budapest, Hungary, on this 18th of February, 2014, in
duplicate copies in the English language, this English version
being the agreed authentic text and each Authority takes the
responsibility for establishing any translation into their own
Chung-I (Joey) Wang Errol George
FOR THE FOR THE
DIVISION, AGENCY, BRITISH
INVESTIGATION VIRGIN ISLANDS