Our Role & Functions

The Financial Intelligence Unit (FIU) has two core functions which it is mandated by the Financial Transactions Reporting (FTR) Act to fulfil.
 
These core functions are aimed at protecting Fiji’s financial system from abuse by criminals who seek to use the financial services offered to launder the proceeds of crime or to facilitate other serious crimes.
 
Intelligence Function
As an intelligence agency the FIU develops financial intelligence from reports of transactions provided by financial institutions and information from other sources. This financial intelligence is then referred to local law enforcement agencies for investigation and prosecution of money laundering, terrorism financing and other serious crimes.
 
The key recipients of our intelligence products are the Fiji Police Force (FPF), Fiji Revenue and Custom Services (FRCS) and Fiji Independent Commission Against Corruption (FICAC).
 
The FIU also provides intelligence support to local and foreign law enforcement agencies for ongoing operational projects or taskforces. In this role, the FIU also works with law enforcement agencies in their efforts to trace and restrain proceeds of crimes in Fiji.
 
Regulatory Function
The FIU is also responsible for regulating businesses and organisations identified under the FTR Act as financial institutions. As a regulator, the FIU seeks to ensure that financial institutions in Fiji have strong internal systems and controls to mitigate the risk of their services and products being misused by criminals and their associates for money laundering, terrorism financing and other serious crimes.
 
In this capacity, the FIU also promotes the awareness and understanding of financial institutions on the financial crime risks and threats in place. 
 
Other Roles
In its intelligence and regulatory function, the FIU is often required to work closely with various agencies of Government and international partners and organisations. Therefore, an important role of the FIU is to form partnerships, exchange information with key partners and provide advice on matters related to money laundering, terrorism financing and other serious crimes.
 
The FIU also contributes to international policy formulation on matters related to money laundering and terrorism financing and represents Fiji on international platforms on anti-money laundering and other related issues. 
 
Overall our role ultimately contributes to having a secure financial system which prevents and detects money laundering and other serious crimes. We also contribute to national security by contributing to the investigation of serious financial crime and hindering efforts by criminals to profit from their crimes.