Financial Crime World

Fiji Financial Intelligence Unit Disseminates Record Number of Intelligence Products in 2022

The Fiji Financial Intelligence Unit (FIU) has released its annual report for 2022, showcasing a significant increase in the dissemination of intelligence products to law enforcement agencies and government ministries.

Record Dissemination of Intelligence Products

In 2022, the FIU disseminated a record 255 intelligence products, up from 182 in 2021. These products included:

  • Credibility Check Reports: Providing critical information on individuals and entities for government departments and authorities.
  • Financial Data Reports: Offering insights into financial transactions and activities.
  • Alerts to Financial Institutions: Informing banks and other financial institutions about potential money laundering or terrorist financing risks.

Partnerships with Law Enforcement Agencies

The majority of these reports were requested by local law enforcement agencies, including:

  • Fiji Police Force
  • FICAC (Fiji Independent Commission Against Corruption)
  • Department of Immigration
  • FRCS (Fiji Revenue and Customs Service)

In addition to domestic requests, the FIU also received requests for information from foreign FIUs through the Egmont Secure Web (ESW), with 19 reports received in 2022.

Director’s Comments

“In 2022, we saw a significant increase in the number of intelligence products disseminated to our partners,” said [Name], Director of the Fiji Financial Intelligence Unit. “This is a testament to the importance of financial intelligence in combating money laundering and terrorist financing.”

Key Statistics

  • 82 Credibility Check Reports were disseminated in 2022, compared to 30 in 2021.
  • 19 Reports were received from foreign FIUs through ESW.
  • 5 Alert & Instruction Notices were issued by the FIU in 2022.

Conclusion

The Fiji Financial Intelligence Unit’s annual report highlights the critical role of financial intelligence in combating money laundering and terrorist financing. The unit’s work is essential to ensuring the integrity of Fiji’s financial system and protecting its citizens from financial crime.