Financial Crime World

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Case Study 5: FIU Dissemination to Nauru Police Force Related to Alleged Forgery

Combating Financial Crimes through Collaboration with Law Enforcement Agencies

The Financial Intelligence Unit (FIU) works closely with law enforcement agencies to combat financial crimes. In this case, the FIU shared information with the Nauru Police Force about alleged forgery at the Passport office.

Coordination with Supervisory Authorities and Other Stakeholders within the Republic

The FIU collaborates with various stakeholders, including supervisory authorities and law enforcement agencies, to identify risks and vulnerabilities and develop strategies to mitigate them. The National Strategy for Anti-Money Laundering and Combatting the Financing of Terrorism 2022-2025 sets out specific goals and objectives for combating financial crimes.

Committees Established to Support Efforts

Three committees have been established to support this effort:

  • AML Governance Committee (AMLGC): Oversees the AML/CFT Framework in Nauru.
  • AML Officials Committee (AMLOC): Includes members from law enforcement agencies, competent authorities, and supervisory authorities. They meet regularly to share information, identify risks, and develop mitigating strategies.
  • Private Partners Committee (PPC): Brings together private sector representatives to support the effort.

Dissemination of Information

The FIU publishes important laws, regulations, policies, guidelines, and notices on its website to keep stakeholders and the public informed. Relevant documents are also sent directly to stakeholders as needed.