China and Australia have signed a Memorandum of Understanding on sharing information on money laundering, terrorist financing and other crimes, said the Chinese Foreign Ministry on Thursday.

The MOU was signed on Tuesday in Beijing between Chinese Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) and Australian Transaction Reports and Analysis Center, said Foreign Ministry spokesperson Hua Chunying at a routine press briefing.

The MOU will enable cooperation between the two countries on the collection, analysis and exchange of crime-related financial information.

This is the 41st cooperation agreement CAMLMAC signed with counterparts overseas, Hua said.

The MOU was signed during Australian Justice Minister Michael Keenan's China visit. Endi