GRENADA: Financial Intelligence Unit Launches Anti-Money Laundering Training Website
The Financial Intelligence Unit (FIU) of Grenada has launched an interactive website aimed at providing financial institutions and designated non-financial businesses and professions with crucial information on anti-money laundering and counter-terrorist financing matters.
Strengthening Collaboration
The FIU hopes that the new platform will facilitate deeper cooperation and collaboration among local, regional, and international partners to create a more secure financial sector in Grenada. As part of its mandate, the FIU is responsible for preventing and detecting money laundering, terrorist financing, and other serious financial crimes.
Key Functions of the FIU
- Receiving, retaining, and analyzing suspicious transaction reports
- Collecting relevant information
- Seizing proceeds of crime
- Informing financial and business institutions about their obligations
- Investigating matters arising from suspicious transactions, money laundering, and terrorist financing
Anti-Money Laundering Training Website
The FIU’s website provides advisories on specific issues related to anti-money laundering and counter-terrorist financing. The Head of the FIU may request further information from a financial institution or listed business if necessary, or submit a report to law enforcement authorities for investigation if circumstances warrant it.
Importance of Anti-Money Laundering Training
The Head of the FIU recently emphasized the importance of anti-money laundering training in Grenada. The new platform will enable financial institutions and designated non-financial businesses and professions to access critical information and updates on trends, typologies, and other current issues related to anti-money laundering and counter-terrorist financing matters.
Key Features of the Website
- Interactive platform for accessing anti-money laundering and counter-terrorist financing information
- Critical updates on trends, typologies, and other current issues related to anti-money laundering and counter-terrorist financing matters
- Easy access to advisories on specific issues related to anti-money laundering and counter-terrorist financing
- Facilitates deeper cooperation and collaboration among local, regional, and international partners