Guinea’s Financial Intelligence Unit Plays Crucial Role in Combating Money Laundering and Terrorist Financing

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Conakry, Guinea - The country’s Financial Intelligence Unit (FIU) is a vital national agency responsible for receiving financial information from accountable institutions, analyzing it, and disseminating it to law enforcement agencies and supervisory authorities when a money laundering or terrorist financing offence is suspected.

Mandate and Core Functions

• Receiving financial information from accountable institutions
• Analyzing the received information
• Disseminating the analyzed information to law enforcement agencies and supervisory authorities when a money laundering or terrorist financing offence is suspected

The FIU’s mandate is to coordinate Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) activities in Guinea, playing a key role in preventing illicit financial transactions.

Research and Education

• Conducts research on trends of money laundering and terrorist financing to inform policy direction
• Educates and informs the public about the latest developments in money laundering and related crimes
• Raises awareness among citizens about the dangers of these illegal activities

International Cooperation

• Exchanges information with foreign counterparts to combat global financial crimes
• Undertakes typology studies on money laundering and terrorist financing techniques, providing valuable insights for law enforcement agencies to better tackle these complex issues