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Look Beyond: Financial Transnational Laws

Look Beyond: Financial Transnational Laws
Professor Julian Moti and Dr David Chaikin . Photo: RANOBA BAOA
December 09
10:00 2014

Fiji needs to look ‘further afield’ besides Australia in trying to find laws to counter fraud.

That’s the message from a visiting expert on bank, corporate secrecy and illegal transactions. Dr David Chaikin was on Fiji’s current laws aganist financial and corrupt practices.

Dr Chaikin is a Yale University and Cambridge graduate. He is an esteemed and respected legal scholar and practitioner specialising in transnational criminal, financial and corporate laws.

He has been invited to teach for two weeks at The University of Fiji’s law school.

He will also hold a lunch-hour session to current practitioners and stakeholders on Thursday at the Reserve Bank of Fiji. He will speak on Transnational Financial Crime.

“Fiji is part of the Pacific and part of the rest of the world and therefore needs to participate and take advantage of the solutions that are being posed in other countries and seriously think about how they might be able to it in Fiji itself,” Dr Chaikin said.

“They have to have a look at what’s being done in other jurisdictions particularly in other developing countries because they really provide a better model as to how you go about tackling fraud and corruption.

“And that includes countries who you may not even think of looking at such as China. I’ve had a longstanding interest in what Chinese do and all sorts of political problems.”


This is vital at a time where Fiji’s Anti-Money Laundering and Counter-Terrorism Financing Laws are subject to an international review in 2015, he added.

Fiji is a member of the Asia Pacific Group on Money Laundering and the Asia Pacific Group on Money Laundering.

The group consists of a large number of countries in the Asia-Pacific Region including China and Australia.

The agency will see if Fiji and members have improved its implementation of the international standards against the terms of money laundering and terrorist financing.

University of Fiji Professor School of Law dean Professor Julian Moti said: “We appreciate the opportunity to have someone of his stature. We are very lucky to have him.”

Dr Chaikin is best known for his works on his Report into the Inquiry of the Assets of former and late President Ferdinand Marcos.

His research, enabled him to help the Philippine government to recover some of the billions of dollars.




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