Fiji's Financial Intelligence Unit is expected to enter into more anti-money laundering pacts with foreign counterparts in its fight against financial crimes.
FijiLive reports this follows the recent signing a Memorandum of Understanding between the FIU and Indonesia's Center of Financial Transactions Analyses and Reports for closer networking over anti-money laundering and counter terrorism financing.
The Director of the FIU Razim Buksh told FijiLive the organisation intends to sign similar MOUs with other financial intelligence units and foreign law enforcement authorities in due course.
Mr Buksh says the MOU will facilitate the partners in exchange of information relevant to the investigation and prosecution of money laundering, terrorism financing and other serious criminal offences.
He added, the MOU provides a basis for stronger networking and cooperation with foreign counterparts in relation to persons or entities Fiji maybe investigating for suspected involvement in any financial crimes.
Fiji's FIU recently became a member of the Egmont Group, a network of anti money laundering bodies.