The Financial Intelligence Unit has played a major role in helping government counter bogus companies.
They also countered for agents who wanted to enter the Fijian market.
Attorney-General Aiyaz Sayed-Khaiyum says this was one of the reasons, why institution such as FIU needed to be present and working together with other sectors to overcome financial manipulation.
He says there have been numerous attempts made by opportunists to dupe not government.
“We had also many investors that have come to the government or write letters to the government, saying we want to set up a rail system between Suva and Nausori, we want to set up some energy company. We immediately refer it to FIU and invariably that most of these organizations are bogus organizations. They have a false website, they have an address in some country that does not exist. So FIU gives that information to us and they are quite pivotal in that respect and therefore they do contribute towards ensuring that we do not allow the pernicious effect of things like money laundering.”
Sayed-Khaiyum adding that FIU actually a pivotal role in respect of the intelligence gathering and intelligence dissemination for the Reserve Bank of Fiji as well.
