Financial Crime World

Fiji Authorities Uncover Elaborate Money Laundering Scheme Involving $7.5 Million

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Shocking Revelation: Woman at Centre of Alleged Scheme Uses Fraudulent Documents to Open Bank Accounts

The Fiji Financial Intelligence Unit has made a significant discovery, uncovering an alleged money laundering operation involving a staggering $7.5 million. At the centre of the scheme is a woman who managed to open multiple bank accounts using fraudulent documents. The operation was allegedly carried out by three foreign nationals who received $300,000 each in their accounts before being reported to FIU.

Details of the Scheme

According to the 2021 annual report presented in Parliament on Monday, the three individuals - Mr. A, Mr. B, and Mr. C - are nationals of Country 2 who hold passports from Country 3. Despite having no travel records to Fiji, they managed to open personal bank accounts at a Nausori branch and business accounts at a Namaka branch using forged identification documents.

  • The individuals shared the same Suva residential address.
  • They were linked to three companies - Company A, Company B, and Company C - which had the same registered business address and phone number.
  • Ms. D allegedly played a key role in creating these companies and bank accounts, receiving $30,000 per month as salary expenses from each of the companies.

Investigation and Next Steps

The FIU’s investigation revealed the extent of the fraud and has forwarded the case to the Fiji Police Force, citing possible offences of money laundering, provision of false or misleading information, and economic fugitive involvement. The authorities are now working to uncover the full extent of the scheme and bring those responsible to justice.

Conclusion

The discovery of this elaborate money laundering scheme is a significant blow to those involved and serves as a warning to others who may be considering similar illegal activities. The FIU’s tireless efforts to detect and prevent financial crimes have once again demonstrated their commitment to maintaining the integrity of Fiji’s financial system.