10 Feb 2015

Fiji to assess money laundering risk

3:17 pm on 10 February 2015

Fiji is to undertake a national assessment of its money laundering and terrorist financing risks from this month.

The risk assessment is an international requirement to combat money laundering and the financing of terrorism.

Countries are required to identify, assess and understand the money laundering and terrorist financing risks that they face in their jurisdiction.

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Photo: AFP

The assessment, done with help from the Asian Development Bank, will help the Fijian government to understand the sources and methods of money laundering in Fiji and to identify any vulnerabilities and weaknesses in their systems.