Cook Islands Fights Financial Crime Risks with CIFIU’s Mission
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The Cook Islands Financial Intelligence Unit (CIFIU) is dedicated to preventing and combating financial crime risks in the Pacific island nation. With a mandate to facilitate the prevention, detection, investigation, and prosecution of money laundering, terrorist financing, and other serious offenses, CIFIU plays a critical role in ensuring a safe and stable financial environment for the people of Cook Islands and investors alike.
Mission Statement
CIFIU’s mission statement emphasizes its commitment to being a leader in the prevention of money laundering and terrorist financing activities. The agency aims to provide timely and high-quality financial intelligence through its intelligence and compliance program, which includes:
- Compliance examinations
- Information collection
- Analysis
- Dissemination of suspected money laundering and terrorist financing activities to relevant authorities
Vision
CIFIU’s vision is to be a leader in providing timely and high-quality financial intelligence in the global fight against money laundering and terrorist financing activities. The agency is dedicated to protecting sensitive information while playing a crucial role in safeguarding the Cook Islands’ economy and reputation from financial crime risks.
Key Objectives
- To provide critical information to domestic and international law enforcement agencies to combat serious crimes
- To ensure the protection of sensitive information held by CIFIU
- To be a leader in preventing money laundering and terrorist financing activities in the Pacific island nation
By achieving its mission and vision, CIFIU is poised to make a significant impact in the fight against financial crime risks, ensuring a stable and secure financial environment for the people of Cook Islands.