The Modus Operandi of FIU’s Business Process
The FIU receives information about financial transactions from different reporting entities.
The Reports are analysed together with information sourced from databases of other institutions to develop financial intelligence in order to detect money laundering or terrorist financing activities.
Where appropriate, financial intelligence pertaining to suspected money laundering or terrorist financing activities is disseminated to law enforcement agencies for their further investigation.
The FIU receives the UN “Lists” of designated person from MoFAIC for freezing/seizing/confiscation of terrorist funds/assets.
“Lists” is forwarded to CISU for action as per FIU procedure and mechanism for implementation of UNSCR S 1267 & 1373