Laws, Policy and Procedural Measures
Implementation of the FTR Act and Regulations
The FIU continued to work closely with financial institutions during 2013 to implement the requirements of the FTR Act and Regulations. These requirements aim to prevent or detect money laundering and terrorist financing activities within Fiji’s financial system.
The requirements in the FTR Act are based on international AML/CFT standards, the Financial Action Taskforce (FATF) Recommendations.
Entities and businesses that are required to comply with the requirements of the FTR Act include: