Guideline 1: Suspicious Transaction Reporting (Revised 12 January 2021)
The purpose of this Guideline is to provide further requirements on the obligation to monitor customers, transactions and business relationships, identify and report suspicious transactions. Guideline 1 also provides detailed guidance to financial institutions on how to identify a suspicious transaction and provides sector specific examples of indicators of suspicious transactions. Guideline 1 further provides a list of indicators or red flags that may be linked to key criminal or predicate offences.
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 of Cash Transactions ($5,000 and above), 22 May 2009 (Revised 14 October 2022)
The purpose of Guideline 3 is to provide detailed guidance to non-bank financial institutions on their obligations to report cash transactions of $5,000 and above (or its equivalent in foreign currency) to the FIU.
Guideline 4: Customer Identification & Verification, 20 August 2009 (Revised 11 September 2020)
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.
Guideline 8: AML Compliance Obligations of Real Estate Agents and Businesses, 01 October 2019 (Revised 1 November 2022)
The objective of this Guideline is to provide guidance to real estate agents and businesses on their obligations under the FTR Act and Regulations.This Guideline may also be used by real estate agents and businesses as a basis for developing their internal procedures, policies, systems and controls on anti-money laundering (AML) and combating the financing of terrorism (CFT).
Guideline 9: Obligations of Legal Practitioners under the Financial Transactions Reporting Act and Regulations, 17 December 2021 (Revised 1 November 2022)
This Guideline is to provide further requirements and guidance to financial institutions on the use of digital ID systems for customer due diligence or eKYC.
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.