Fiji Financial Intelligence Unit receives and analyses 650 suspicious transaction reports

The Fiji Financial Intelligence Unit received and analyzed 650 suspicious transaction reports and disseminated 448 intelligence reports to law enforcement agencies for further investigation of possible tax evasion, money laundering and other serious offences in 2017.

The total value of funds that were identified by the unit as possible tainted proceeds in the 448 intelligence reports was approximately $241.3million.

According to their 2017 report, there were 4 successful money laundering convictions, 46 border currency smuggling cases, and several successful tax evasion and predicate crime investigations in 2017.

The unit also provided 205 investigative assistance and 75 due diligence assistance on 836 entities and 783 individuals to law enforcement and other Government relating to ongoing criminal investigations and background checks.