The Major Organised Crime and Anti-Corruption Agency, MOCA, and the Financial Investigations Division, FID, have signed a long-awaited Memorandum of Understanding, MOU.

The MOU, signed Wednesday morning, is aimed at strengthening the country’s response to money laundering, organised crime, fraud and financial crime.

The MOU was signed by MOCA’s Director General Colonel Desmond Edwards and the FID’s Chief Technical Director Selvin Hay.

Colonel Edwards says formalising the partnership will improve how the bodies respond to fraud.

Colonel Desmond Edwards, MOCA Director General.

Meanwhile, Mr. Hay is anticipating that under the MoU, MOCA’s counterparts will rely heavily on the use of the Proceeds of Crime Act, POCA.

Selvin Hay, FID Chief Technical Director.

Mr. Hay says the MOU will give both investigating bodies, greater access to information and intelligence relating to significant financial investigations.