SUNBIZ

Regional Financial Intelligence Unit Officers Here On Attachment

The Fiji Financial Intelligence Unit (FIU) is hosting four officers from the FIUs of the Cook Islands, Marshall Islands, Papua New Guinea and Vanuatu from November 7-11. The attachment programme
12 Nov 2016 11:00
Regional Financial Intelligence Unit Officers Here On Attachment

The Fiji Financial Intelligence Unit (FIU) is hosting four officers from the FIUs of the Cook Islands, Marshall Islands, Papua New Guinea and Vanuatu from November 7-11.

The attachment programme is jointly supported by the United Nations Pacific Regional Anti-Corruption Project.

It is implemented by the United Nations Development Program (UNDP) Pacific Office in Fiji and the United Nations Office on Drugs and Crime (UNODC).

Director FIU, Razim Buksh, said the attachment programme supports and contributes to the UN’s Pacific regional anti-corruption efforts on strengthening national integrity systems and good governance.

“The FIU plays a central role in promoting inter-agency cooperation and ensures safety of financial systems from illicit transactions,” he said.

Mr Buksh said participants undergo an intensive programme where they understudy the daily operations of the FIU.

He said they have an opportunity to visit a local law enforcement agency and a financial institution to get an idea of the intelligence, networking, and regulatory role the FIU has in Fiji.

Mr Buksh stated the objective of the attachment is to also strengthen capacity building and enhance knowledge of participating FIU’s experience which they can implement or adapt to their own systems and processes when they return home.

Mr Buksh said the attachment programme will contribute to the resilience of respective Pacific financial systems through such training and networking between Pacific FIUs.

He added as a result of the attachment, the participants will have a better understanding of financial analysis and investigation of transactions related to corruption, money laundering and terrorist financing.

The FIU has been providing opportunities for attachment for Pacific Island FIUs since 2013.

To-date, it has hosted 16 officers from 10 Pacific countries including the Cook Islands, Federated States of Micronesia, Kiribati, Marshall Islands, Nauru, Palau, Papua New Guinea, Solomon Islands, Tonga and Vanuatu.

 



Fijisun Ad Space


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Tower Insurance
Advertise here
Covid 19 - SPC
Fiji Sun Instagram
Subscribe-to-Newspaper