Financial Crime World

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Mauritius’ Financial Intelligence Unit Takes Centre Stage in Global Fight Against Financial Crime

In a move aimed at strengthening its reputation as a key player in the global fight against financial crime, Mauritius’ Financial Intelligence Unit (FIU) has established itself as a central agency responsible for receiving, requesting, analysing and disseminating information concerning suspected proceeds of crime, alleged money laundering or transactions related to terrorism.

Establishment and Mandate

The FIU was set up in August 2002 with a mandate to serve as the primary point of contact between local investigatory and supervisory authorities, foreign FIUs, and other stakeholders. This allows for efficient communication and collaboration among relevant agencies to combat financial crimes.

Global Leadership and Membership

As a member of the Egmont Group of FIUs since July 2003, the Mauritius FIU has played a leading role globally and in the African region in terms of FIU development and implementation of FATF and Egmont standards. This esteemed membership enables the unit to share best practices and expertise with other like-minded agencies around the world.

Implementation of UN goAML Project

In a significant development, the FIU has recently implemented the UN goAML project with the support of the Government of Mauritius and the United Nations Office on Drugs and Crime (UNODC). This cutting-edge technology enables users to lodge reports of suspicious transactions via an integrated IT application, further strengthening the unit’s capabilities in detecting and preventing financial crimes.

Key Features of the FIU’s goAML Initiative

  • Provides various environments that cater to the needs of different stakeholders
  • Enables efficient processing and analysis of large volumes of data
  • Enhances effectiveness in combating money laundering, terrorist financing, and other financial crimes

For more information on the FIU’s goAML initiative, readers are encouraged to explore the links provided below.