The Financial Intelligence Unit (FIU) serves as the national agency for receiving, requesting, analyzing, investigating and disseminating information concerning all suspected proceeds of crime, suspicious transactions or activities, cash transportation reports and other information relevant to money laundering, associate predicate offences and terrorist financing.
It was established by dint of Section 12 of the Money Laundering (Prevention) Act No. 20 of 2000, which was repealed and replaced by the Money Laundering (Prevention) Act No. 8 of 2011.
The powers and functions of the FIU are captured at Section 4 of the Financial Intelligence Unit Act No. 7 of 2011. The FIU is also given investigative powers for the purposes relating to the prevention and suppression of terrorism under the aegis of Section 20 of the Suppression of the Financing of Terrorism Act No. 3 of 2003.
The FIU became operational as of July 23, 2001 as a Unit within the Ministry of Finance and was subsequently transferred to the Ministry of Justice, Immigration and National Security on January of 2015. The Unit attained membership of the Egmont Group in July 2003 and has maintained international standards of operations. The Egmont Group is the international standard setting body for FIUs.
Financial Intelligence Unit
Corner of Turkey Lane & Independence Street
Tel: (767) 266 3349
Fax: (767) 440 0373