Instead, the crisis has shown that the principles embodied by Ordnungspolitik were not sufficiently implemented in some areas. For instance, in the financial sector, these principles and the resultant rules had virtually been reversed in some cases.
Fiji’s national coordinating body, the National Anti-Money Laundering Council, has embarked on a review of our existing AML measures that is expected to identify gaps in all the key areas, such as, customer due diligence and suspicious transaction reporting requirements, investigation and prosecution of money laundering offences, tracing proceeds of crime and gaps in networking and information exchange.