Fiji

• Ngôn ngữ: eng
• Ký hiệu phân loại: 996.11 +Fiji
• Thông tin xuất bản: World Bank, Washington, DC, 2021
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 265567
• Chủ đề: 1. COMBATING THE FINANCING OF TERRORISM; 2. FOREIGN EXCHANGE DEALER; 3. INTERNATIONAL STANDARD; 4. LAW ENFORCEMENT AUTHORITY; 5. RISK OF MONEY LAUNDERING

Tóm tắt

Fiji has committed substantial resources to bringing its Anti-Money Laundering / combating the financing of terrorism (AML/CFT) system up to international standards. With the entry into force of the Financial Transactions Reporting Act (FTR Act) in January 2006, Fiji has added a central piece to a strong AML/CFT legislative framework. The FTR Act closely reflects the international standard in creating a range of AML/CFT preventive regulatory requirements and extending them to a wide range of financial institutions and non-financial businesses and professions. The Act is recent and implementation is still at an early stage. The criminalization of money laundering is in line with international standards. Fiji also enjoys a progressive and comprehensive legislative framework for preserving and recovering the proceeds of crime. The law criminalizes a range of Terrorist Financing (TF) acts. The criminalization falls short of international requirements in some technical respects. While no TF acts have been detected, it was established that enforcing the TF provisions is operationally contingent on the passing of a comprehensive anti-terrorism law, which is still at an early stage of drafting.