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Financial Intelligence Unit Definition in Fiji: A Key Player in Combating Money Laundering and Terrorist Financing

The Fiji Financial Intelligence Unit (FIU) is a specialized agency tasked with collecting, analyzing, and disclosing financial information and intelligence. Established by the Financial Transactions Reporting Act of 2004, the FIU plays a crucial role in Fiji’s fight against money laundering, terrorist financing, fraudulent activities, and other financial crimes.

Role of the FIU

As an integral part of Fiji’s anti-money laundering efforts, the FIU oversees compliance with the FTR Act by financial institutions, including:

Commercial banks
Insurance companies
Finance companies
Real estate agents
And others

The unit provides critical information to government law enforcement agencies and revenue agencies, enabling them to take effective action against financial crimes.

Mandate of the FIU

The FIU has a broad mandate, covering entities and businesses that are required to comply with the requirements of the FTR Act, including:

Financial institutions such as banks, insurance companies, finance companies, and mobile phone money remitters
Designated non-financial businesses and professions (DNFBPs) such as:
- Accounting firms
- Legal practitioners
- Real estate agents

What is a “Financial Institution” Under the FTR Act?

According to the FIU, all entities and businesses that are covered by the FTR Act are referred to as “financial institutions” under the law. This includes:

Commercial banks
Insurance companies
Finance companies
Money remitters
Money changers
Investment advisors
Brokers and dealers
Unit trust or managed funds
Mobile phone money remitters

Additional Responsibilities of the FIU

The FIU also provides information on emerging trends and threats in money laundering and other serious offenses in Fiji, as well as updates on the United Nations Security Council Consolidated List of individuals and entities subject to sanctions.

Contact Information

You can contact the Fiji Financial Intelligence Unit at:

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

Additional Resources

For more information on the FIU, please visit:

About Us: www.fijifiu.gov.fj
Laws & Regulations: www.fijifiu.gov.fj
Useful Links: www.fijifiu.gov.fj