Financial Intelligence Unit Plays Crucial Role in Anguilla’s Fight Against Financial Crimes
A Vital Partnership: FIU and AFSC Joint Notice on Combating Financial Crimes
The Financial Intelligence Unit (FIU) of Anguilla, in collaboration with the Anguilla Financial Services Commission (AFSC), has released a joint public notice emphasizing the pivotal role of the FIU in combating financial crimes, particularly terrorist financing and proliferation financing. This initiative is part of their mandate under the draft Counter Terrorism and Proliferation Financing (Prohibition) Bills, which are expected to be enacted soon.
Key Highlights
- The FIU will disseminate information on financial sanction notices issued by regulatory bodies such as the UK’s Office for Sanctions and Asset Control (OFSI).
- It is essential that all financial service providers in Anguilla are aware of these sanctions.
- This awareness will enable them to strengthen their preventative measures against terrorist financing and proliferation financing.
Importance of Awareness Among Financial Service Providers
Experts stress that it is crucial for all financial institutions, including:
- Real estate agents
- Micro-lenders
- Accountants
- High-value dealers
- Non-profit organizations
to be aware of these sanctions. This awareness will facilitate the implementation of enhanced preventative measures against terrorist financing and proliferation financing.
Enhancing Collaboration Through Regular Updates
The FIU is urging all relevant stakeholders to sign up for regular notice updates by:
- Emailing
fiu@agov.ai - Joining the FIU’s mailing list through its website (
https://www.fiu.gov.ai/join-our-mailing-list)
This move aims to foster closer collaboration between financial institutions, regulatory bodies, and law enforcement agencies in identifying and disrupting illicit financial activities.
The Role of the Financial Intelligence Unit
As Anguilla continues to strengthen its financial regulations and compliance measures, the role of the FIU remains paramount. By working together with stakeholders, the FIU is committed to safeguarding the integrity of the island’s financial system and preventing it from being exploited by malicious actors.