Fiji

New Documents

The Financial Intelligence Unit of Fiji issued a warning regarding COVID-19 related scams, including those involving the fraudulent sale of healthcare and other products, such as face masks, hand sanitizers and disinfectant wipes.

The Financial Intelligence Unit of Fiji published its 2020-2024 strategic plan, which focuses on five pillars under its vision of anti-money laundering and counterterrorist financing compliance.

News

Enforcement Actions

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Important Facts

  • The U.S. State Department identifies Fiji as a monitored jurisdiction. The Republic of Fiji is not a regional financial center but serves as a regional hub for transportation and shipping for other Pacific island nations. In addition, Fiji's geographical location makes it a convenient staging point for criminal activities in Australia and New Zealand. Cross-border criminal gangs involving individuals from neighboring Asian countries also operate in Fiji. The government declared certain areas tax free zones that include breaks for corporations. There are no casinos currently operating.
  • KYC Covered Entities: Banks, foreign exchange dealers, money remittance service providers, finance companies, law firms, real estate agencies, accountants, insurance companies, and superannuation funds
  • STR Covered Entities:  Banks, money remittance service providers, finance companies, regulatory authorities, law firms, real estate businesses, accounting firms, insurance companies, and superannuation funds
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 3 (2014); Convictions: 1 (January – November 2014)
Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 12 High : 0
Largely Compliant : 22 Substantial : 0
Partially Compliant : 6 Moderate : 6
Non-Compliant : 0 Low : 5

Fiji's technical compliance was re-rated in a Aug. 6, 2019 follow-up report

BASEL i

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TRANSPARENCY INTERNATIONAL i

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Tax Justice Network i

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