The Financial Intelligence Unit

Financial Intelligence Unit (FIU) was formally established in January 2003, pursuant to the Financial Intelligence Unit Act, 2003. The fundamental pillars of the FIU are:

• Intelligence gathering
• Collaboration/Cooperation
• Confidentiality

Functions of the FIU

• Receipt, retention and analysis of suspicious transaction reports.

• Collection of other information relevant to performing its functions.

• Seizure of proceeds of crime.

• Inform financial and business institutions as to their obligations relating to detecting, preventing and deterring Money laundering and terrorist financing.

• Investigation of matters arising from suspicious transaction reports money laundering, terrorist financing and other financial crimes.