Financial Crime World

Saint Pierre and Miquelon’s Financial Intelligence Unit Takes Center Stage in Fight Against Money Laundering and Terrorism

Saint Pierre and Miquelon’s Financial Intelligence Unit (FIU) has emerged as a crucial player in the country’s efforts to combat money laundering and terrorist financing. As a national central agency, the FIU plays a vital role in receiving financial information from accountable institutions, analyzing it for potential suspicious activity, and disseminating relevant findings to law enforcement agencies and supervisory authorities.

Unique Mandate

With its unique mandate, the FIU coordinates Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) activities across the country. The Unit also conducts research on trends in money laundering and terrorist financing, providing valuable insights that inform policy direction and help shape the country’s response to these threats.

International Collaboration

In addition to its internal efforts, the FIU exchanges information with its foreign counterparts, sharing knowledge and best practices to stay ahead of evolving tactics employed by criminals. The Unit is also actively engaged in typology studies on money laundering and terrorist financing techniques, helping to identify new trends and methods used by these criminal networks.

Expertise and Global Connections

By leveraging its expertise and global connections, Saint Pierre and Miquelon’s FIU is working tirelessly to disrupt the financial flows of organized crime groups and terrorist organizations. Ultimately, this effort aims to protect the country’s financial system and ensure a safer environment for citizens.

Key Responsibilities:

  • Receiving financial information from accountable institutions
  • Analyzing information for potential suspicious activity
  • Disseminating relevant findings to law enforcement agencies and supervisory authorities
  • Coordinating Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) activities across the country
  • Conducting research on trends in money laundering and terrorist financing
  • Exchanging information with foreign counterparts to stay ahead of evolving tactics employed by criminals
  • Identifying new trends and methods used by criminal networks through typology studies