Financial Crime Unit Cracks Down on Criminals in US Virgin Islands

The Financial Investigation Agency (FIA) of the US Virgin Islands has been working diligently to prevent and detect financial crimes, including money laundering, terrorist financing, and proliferation financing. As one of the key competent authorities in the territory, the FIA has been responsible for investigating and prosecuting financial criminals since its establishment in 2004.

Agency’s Vision

The FIA’s primary goal is to protect the US Virgin Islands from the scourge of financial crime. The agency is committed to identifying and disrupting criminal networks that use the territory as a haven for illegal activities.

Board Guidance

The FIA operates under the guidance of a board, which is responsible for approving policies and procedures to ensure effective law enforcement in the territory.

Job Opportunities

The FIA is seeking dedicated individuals who are passionate about law enforcement to join its ranks. The agency offers a range of career opportunities for those interested in serving the community.

Non-Profit Organisations Under Scrutiny

Non-profit organisations (NPOs) play a vital role in communities worldwide, but some may be vulnerable to money laundering and terrorist financing activities. The FIA is working closely with NPOs to ensure compliance with international standards and regulations.

Designated Non-Financial Businesses and Professionals

The agency has identified certain non-financial businesses and professionals (DNFBPs) as high-risk entities that require special attention. These businesses are not strictly regulated, making them vulnerable to criminal misuse.

Analysis and Investigation Unit

The FIA’s Analysis and Investigation Unit is responsible for conducting analysis of suspicious activity reports (SARs) and suspicious transaction reports (STRs), gathering intelligence, and proposing disseminations to relevant agencies. The unit works closely with foreign financial intelligence units (FIUs) to share information and combat financial crime.

Conclusion

By working together with law enforcement agencies and the community, the FIA is committed to making the US Virgin Islands a safer place for all residents and visitors.