Our Vision, Mission & Core Functions

Vision
Protecting Fiji from Money Laundering

Mission
Our mission is to:

• Strengthen our compliance with international FIU and AML/CFT obligations;
• Implement AML/CFT policies to ensure the safety and integrity of Fiji’s financial system;
• Implement an effective intelligence management framework;
• Strengthen networking with our partners;
• Enhance operational governance and communication.

Establishment of the FIU, Role and Functions
The FIU was established in January 2006 under the FTR Act. The FIU has the following five broad functional responsibilities:

• Collecting and Analysing Financial Transactions and Other Information;
• Disseminating Financial Intelligence;
• Regulatory  and Compliance;
• Public Education and Awareness;
• Domestic and International Coordination;

These FIU functions directly contribute to combating money laundering and other serious crimes in Fiji and to ensure the integrity of Fiji’s financial system.

The powers, duties and functions are clearly defined in the FTR Act. These are, to:

• receive financial transaction and other information from financial institutions;
• analyse information and develop intelligence;
• disseminate intelligence and information of possible money laundering activities or other serious offences to appropriate law enforcement agencies;
• assist domestic and foreign law enforcement agencies in their investigation and prosecution of money laundering and other serious criminal activities;
• develop policies, guidelines and advisories under the FTR Act;
• enforce compliance by financial institutions with the requirements of the FTR Act;
• provide awareness and training to financial insitutions, members of the public, and other stakeholders on the requirements in the FTR Act and on matters relating to money laundering; and
• maintain strong networking with domestic and foreign parter stakeholders and agencies.

The Director of the FIU is responsible for exercising the powers, duties and functions of the FIU as specified in the FTR Act.