$100m laundered annually

money image

More than $100m is suspected to be laundered annually through financial institutions in Fiji.

According to reports received from commercial bank foreign exchange dealers as well as law firms 579 suspected transactions took place in Fiji last year. Of these, 203 were received from financial institutions/transactions conducted in the western division, 315 from the central/eastern divisions and 55 from the northern division.

Reports of suspicious transactions feature both locals as well as foreigners.

Fiji authorities have access to information such as remittance transactions and these are all outbound, remittance that is sent from Fiji to other parts of the world.