It is likely, however, that home sellers, after setting aside a down payment for the family's next home, expended a considerable part of their home equity extraction on goods and services.
However, as we have heard from an earlier presentation today, that the international standards on anti-money laundering have just been revised. What does this mean for us? The private sector, financial institutions, the Reserve Bank of Fiji as the regulator, the FIU, the National Anti-Money Laundering Council, and other government agencies need to work together to develop a national strategy to address these revisions.