SKOPJE, May 30 (Xinhua) -- Officials from North Macedonia and the United Kingdom signed here on Thursday a memorandum of cooperation that will serve to support North Macedonia in the fight against tax evasion and money laundering.
The memorandum was signed by the Ministry of Finance, Public Revenue office, Customs Administration, Financial Police and Financial Intelligence Police and the United Kingdom Revenue and Customs department.
After the signing ceremony, Finance Minister Dragan Tevdovski told reporters that one of the government's priorities is to fight corruption in the informal economy.
"The government's strategic action plan for the formalization of the informal economy includes the law against money laundering, which has a limit on cash transactions in total turnover," Tevdovski said.
From 2018, North Macedonia is working alongside 128 countries on preventing tax evasion, added Tevdovski.
The United Kingdom Revenue and Customs representative Andrew Pavlinic declared that North Macedonia is a leader in initiating information exchange in the Western Balkans.
Meanwhile, British Ambassador to Skopje Rachel Galloway underlined that the UK is investing in the Western Balkans' capacity strengthening.
Gjoko Tanasoski, director of North Macedonia's Customs Administration, said that the cooperation with the UK counterpart has intensified in the past couple of years through information exchange and best practices in the fight against crime.
Under the agreement, UK will support North Macedonia to fight tax evasion, money laundering and terrorism financing.
