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Guidelines and Policy Advisories > Enforceable Guidelines

Enforceable Guidelines

Guideline 1: Suspicious Transactions, 26 October 2007
The purpose of Guideline 1 is to assist financial institutions to better understand their obligations under the FTR Act to report any suspicious transactions to the FIU. Guideline 1 also provides detailed guidance to financial institutions on how to identify a suspicious transaction and provides sector specific examples of suspicious transactions.

Guideline 2: Reporting a Suspicious Transaction by Paper, 26 October 2007
The purpose of Guideline 2 is to provide guidance to financial institutions on how to complete a Suspicious Transaction Report form when reporting a suspicious transaction to the FIU.

Guideline 3: Reporting Cash Transactions of $10,000 or above by Paper, 22 May 2009
The purpose of Guideline 3 is to provide guidance to financial institutions on how to complete a Cash Transaction Report form when reporting a cash transaction of $10,000 and above ( including its equivalent in foreign currency) to the FIU.

Guideline 4: Customer Identification & Verification, 20 August 2009
The purpose of Guideline 4 is to provide detailed and practical guidance to financial institutions on how they can implement the customer identification and verification requirements of the FTR Act and Regulations. Guideline 4 also provides guidance on how financial institutions may apply the customer identification and verification measures on a risk based approach.

Guideline 5: New Technologies, 18 January 2018
Guideline 5 requires financial institutions and DNFBPs to identify and assess the money laundering (ML), terrorist financing (TF) and Proliferation Financing (PF) risks that may arise in relation to the development of new products and new business practices, including new delivery mechanisms, and the use of new or developing technologies for both new and pre-existing products and services.

Guideline 6: Higher Risk Countries, 18 January 2018
Guideline 6 outlines further requirements relating to dealing with higher risk countries and countries that have been identified as having inadequate systems in place to detect or prevent ML, TF and PF risks emanating from these countries.

Guideline 7: Politically Exposed Persons (PEPs), 31 March 2018
Guideline 7 outlines  risk-based customer due diligence requirements in relation to customers/clients who are politically exposed persons.

RBF AML Policy Guideline, 30 November 2014
This Policy is issued under Section 14(3) of the Banking Act 1995 as part of Reserve Bank of Fiji’s standards governing the conduct of banking business in Fiji.
The purpose of this policy is to outline the minimum requirements for the management of money laundering and terrorist financing risk by financial institutions licensed in conducting banking business in Fiji.
The key requirements of this Policy include the development of a Money Laundering and Terrorist Financing Risk Management Framework which should have a documented Money Laundering and Terrorist Financing Risk Policy.
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