Peru and US signed cooperation agreement against money laundering
Lima, Peru’s National Customs and Tax Administration (Sunat) and the US Customs Service signed a Memorandum of Understanding (MoU) aimed to exchange information and identify anomalies on international trade, the Peruvian entity reported.
Likewise, this agreement seeks to reinforce control and prevention actions required to defeat contraband and other customs offences such as money laundering.
The signing ceremony was attended by the Assistant Secretary for International Affairs and Chief Diplomatic Officer for the US Department of Homeland Security (DHS) Office of Policy Alan Bersin and Sunat’s National Superintendent Ivan Luyo, among other high-level American and Peruvian authorities.
“Thus, both entities will implement a Trade Transparency Unit (TTU), which will enable both countries to work jointly on customs cooperation strengthening and to share information,” it indicated.
A software will allow authorities to conduct data analysis to identify irregular transactions which justify the beginning of investigations.
Information exchange will be confidentially undertaken and only used to enforce the law.
Currently, other Latin America countries also rely on the TTU, as is the case of Argentina, Brazil, Colombia, Mexico, Paraguay and Panama.
According to Bersin, both entities are expressing shared determination to protect the integrity of financial systems.
On the other hand, National Superintendent Luyo indicated the program implementation will deepen investigations while emphasizing international cooperation, a key aspect for this initiative to succeed.