14 Apr 2011

Workshop to combat money laundering gets underway in Tonga

10:42 am on 14 April 2011

A workshop has just been held for local law enforcement and regulatory authorities in Tonga on finding better ways to combat money laundering.

Matangi Tonga online reports the workshop discussed improvements to local laws on remitting money, and gathering information on financial transactions including banking transactions, foreign exchange and small loans.

The Governor of the National Reserve Bank of Tonga, Siosi Mafi, says the workshop will help with getting assistance from the Asia Pacific Group on Money Laundering, of which Tonga is a member.

She says the main development achieved by Tonga, has been the passing of the Money Laundering and Proceeds of Crime Amendment Act, last September.