Fiji’s FIU signs anti-money laundering memorandum with Indonesia
Fiji’s Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding with Indonesian Financial Transaction Reports and Analysis Centre for closer networking over anti-money laundering and counter terrorism financing; now Fiji’s FIU is expected to enter into more anti-money laundering agreements with foreign counterparts in its fight against financial crimes.
It became clear from the words of the Director of the FIU Razim Buksh, who said in his comments after signing the document that the organisation plans to sign similar MOUs with other financial intelligence units and foreign law enforcement authorities.
The signed MOU with Indonesia’s Financial Center, by comments of the Director of the FIU, will facilitate the partners in exchange of information relevant to the investigation and prosecution of money laundering, terrorism financing and other serious criminal offences. He added that the MOU itself provides a basis for stronger networking and co-operation with foreign counterparts concerning persons or entities Fiji may investigate for suspected involvement in any financial crimes.
Fiji’s FIU is a member of the Egmont Group, an international organisation comprising many financial intelligence units and anti money laundering institutions.