The Financial Intelligence Unit (FIU) is a national central agency that receives financial information from accountable institution analyses such information and where a money laundering or terrorist financing offence is suspected to have taken place disseminates the disclosure of information to law enforcement agencies and supervisory authorities, for investigation and possible prosecution.
It is also mandated to coordinate Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) activities in the Country. The Unit is also going to assist in informing policy direction by conducting research on trends of money laundering and terrorist financing and educate and inform the public about trends in money laundering and related crimes.
The FIU further exchanges and shares information with its foreign counter parts and undertakes typology studies on money laundering and terrorist financing techniques.
