More than $200M in suspected tax evasion uncovered by FIU in 2017
February 25, 2019 4:52 pm
FIU Director - Razim Buksh [middle] before the Parliamentary Standing Committee on Economic Affairs today
In 2017, the Fiji Financial Intelligence Unit referred suspect transactions of tax evasion worth more than $211 million to the FRCS.
The Parliamentary Standing Committee
FIU Director – Razim Buksh revealed the figures before the Parliamentary Standing Committee on Economic Affairs today as part of the scrutiny of the FFIU’s 2017 Annual Report.
“In 2017, we received almost a million financial transaction reports comprising of 650 suspicious transaction reports, over 600 thousand, 10 thousand cash transaction reports and 1 point 2 million international wire transaction or international remittance transaction reports and the highest number of border currency declaration reports of almost 800 reports.”
The referral to the FRCS for action involved 310 reports and intelligence gathering by the FIU.
In addition, around 9 million dollars in suspected cyber-crime and money laundering was referred to the Fiji Police Force for action.
Buksh also told the committee that the top proceeds to generate crimes in Fiji came from drug trafficking, tax evasion, fraud, corruption, cyber-crime, and border currency.
Human trafficking was also highlighted as the low end of complex financial crimes.