Our Vision, Mission & Core Functions

Our Vision
Securing our financial sector from money laundering and other serious crimes.

Our Mission
To prevent, detect and disrupt money laundering and other serious crimes through appropriate regulation and development of financial intelligence.

The FIU’s mission reflects the two key approaches to meeting our stated vision.  The FIU will:

1. Prevent money laundering and other serious crimes in the financial sector through appropriate regulation based on a clear understanding of serious crime threats and vulnerabilities; and
2. Detect and disrupt money laundering and other serious crimes in the financial sector by developing financial intelligence for law enforcement agencies to investigate and prosecute these illegal activities. 

Our Values

• Excellence –We will strive for excellence in everything we do and be accountable for our actions.
• Integrity –We will be honest and ethical in all our actions, doing the right thing always and will not be unduly influenced by external parties.
• Trust – We will be trustworthy, reliable and follow through on our commitments.
• Respect – We will treat everyone with respect and value their contributions.
• Innovation – We will be agile, innovative and committed to continuous improvement.

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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.