The two institutions are both statutory bodies which operate under separate legislations.

With the growth of technology, digital services, and the convergence of technology, financial crime could be conducted with the use of such technology, as such, shared information, and knowledge of combatting financial crime will also change, and therefore, it is important that these institutions work together to achieve a sound and safe financial ecosystem for Vanuatu.

This memorandum of Agreement is to assist both institutions to cooperate and to facilitate information sharing for investigation and prosecution of money laundering offences, or financing of terrorism offence or any other serious offence or an offence that is substantially like such offence, facilitated through means of electronic communications.