I understand that this project will place Fiji as a global benchmark in this area. We are doing our part to prevent terrorist financing and combat money laundering. An independent review last year by the Asia Pacific Group on Anti Money Laundering concluded that generally Fiji had in place adequate systems in this area.
A Financial Reporting Transactions Bill is currently making its way through Parliament. This will strengthen the exchange of information and surveillance of suspicious transactions. At the same time, a Financial Intelligence Unit, which has been operating since last year, will be formalised through this Bill. Fiji is also doing its best to comply with international standards and codes.