Financial Crime World

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Fiji Steps Up Efforts to Combat Financial Crime

The Fiji Financial Intelligence Unit (FIU) has been at the forefront of preventing and detecting money laundering and terrorist financing in the Pacific nation. Established by the Financial Transactions Reporting Act of 2004, the FIU plays a crucial role in collecting, analyzing, and disclosing financial information and intelligence to combat financial crimes.

Compliance with FTR Act

The FIU oversees compliance with the FTR Act by various financial institutions, including:

  • Commercial banks
  • Insurance companies
  • Finance companies
  • Money remitters
  • Real estate agents
  • Others

These entities are required to report suspicious transactions and other activities that may be related to money laundering or terrorist financing.

Entities Covered under FTR Act

The FTR Act covers a wide range of entities and businesses, including:

  • Financial institutions (commercial banks, insurance companies, finance companies, real estate agents)
  • Accounting firms
  • Legal practitioners
  • Mobile phone money remitters

Additionally, all these entities are required to comply with the requirements of the FTR Act.

The FIU has identified emerging trends and threats in money laundering and other serious offenses in Fiji. These include:

  • The increasing use of new technologies and methods by criminals to launder money and finance terrorist activities.
  • Other illicit activities, such as fraud and bribery.

UNSC Consolidated List

Pursuant to section 12Q(3) of the Public Order Act 1969, the FIU is required to maintain a list of individuals and entities subject to UN sanctions. This list includes those designated as terrorists or supporters of terrorism by the United Nations Security Council.

Contact Us

If you have any questions or concerns about financial crimes in Fiji, please contact us at:

  • Tower Level 5, RBF Building
    • Pratt Street, Suva, Fiji
  • Email: info@fijifiu.gov.fj
  • Phone: + (679) 322 3333
  • Fax: + (679) 331 6454

About Us

The FIU is a specialized agency dedicated to combating financial crimes in Fiji. Our mission is to:

  • Collect and analyze financial information and intelligence
  • Disclose this information to support law enforcement agencies and revenue authorities
  • Enforce the FTR Act and other relevant laws and regulations in Fiji

Laws & Regulations

The FIU is responsible for enforcing the FTR Act and other relevant laws and regulations in Fiji.

For more information on the FIU’s role in combating financial crimes, please visit our website at [insert website URL].