Fiji Financial Intelligence Unit - Draft Guideline in Consultation - Targeted Financial Sanction Obligation of Financial Institutions

https://www.fijifiu.gov.fj/Pages/News/2026/Draft-Guideline-in-Consultation-Targeted-Financial
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FIU, Fiji Financial Intelligence Unit, Reporting, Act, Financial, Transaction, Laundering, Fraudulent, Exchange Dealers, Money Transfer, Agents. FTU Act, Laws, Regulations, FTR Act, Crime Act, Proceeds of Crime Act, FIU Governance, Money Laundering

2026-03-17 08:43:03 · rghosh@vixio.com
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The Fiji Financial Intelligence Unit (FIU) is a specialised agency created to collect, analyse and disclose financial information and intelligence. The Fiji FIU was established by the Financial Transactions Reporting Act of 2004. The Fiji FIU is an integral part of Fiji's fight against Money Laundering, Terrorist Financing, Fraudulent Activities, and other Financial Crimes. We oversee compliance with the FTR Act by Financial Institutions, Banks, Foreign Exchange Dealers, Money Transfer Agents, Real Estate Agents, among others.

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TITLE: Fiji Financial Intelligence Unit Launches Consultation on Targeted Financial Sanction Obligations BODY: On January 6, 2026, the Fiji Financial Intelligence Unit (FIU) commenced a consultation on its Draft Guideline on Targeted Financial Sanction Obligations of Financial Institutions. The guideline establishes requirements for financial institutions to implement targeted financial sanctions (TFS) compliance frameworks in accordance with international standards and Fiji's anti-money laundering and counter-terrorism financing obligations. The guideline applies to banks, restricted foreign exchange dealers, remittance service providers, payment service providers, securities intermediaries, credit institutions, and insurance companies. The FIU is seeking feedback from these regulated entities to ensure the guideline is practical, robust, and aligned with international best practices. Key areas of focus include the identification and screening of individuals and entities subject to sanctions designations, the freezing of assets, and the reporting of compliance activities to the FIU. The consultation period closes on Friday, February 27, 2026. Financial institutions and other stakeholders are encouraged to submit comments to the FIU at info@fijifiu.gov.fj or by post to Tower Level 5, RBF Building, Pratt Street, Suva, Fiji. Additional information on targeted financial sanctions is available on the FIU website. The FIU can be contacted by telephone at +(679) 322 3333 or by fax at +(679) 331 6454 for any clarifications regarding the consultation or the guideline.
  • ✓ Scraped:2026-03-17 08:43:03
  • ✓ Created:2026-03-17 08:43:02
  • ✓ By:rghosh@vixio.com (52)