Here are our annual reports that document our activities at the FIU.
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The Financial Intelligence Unit (FIU) was first established in 2004 under the Money Laundering Prevention Act of 2000, which was since repealed and replaced by the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act No. 13 of 2009.
The core functions of the FIU are outlined under section 9(1) of the AML/CFT Act. These include requesting, receiving, analyzing, and disseminating information on suspicious transaction reports and other information relating to money laundering, terrorist financing, or the proceeds of crime. [READ MORE]
According to the FATF Standards all countries should establish Financial Intelligence Unit (FIU) with responsibility for acting as a national center for the receipt and analysis of suspicious transaction reports and other information relevant to money laundering, associated predicate offences and terrorist financing; and for the dissemination of the results of that analysis.
What is a Financial Intelligence Unit (FIU)? What does an FIU do? What role do they play in the fight against money laundering and terrorist financing?
The Egmont Centre of FIU Excellence and Leadership has produced this video to answer all those questions
Here are the key members of our team (from left):
