Financial intelligence unit

A Financial Intelligence Unit (FIU) is a critical component in the fight against financial crimes such as money laundering and terrorism financing. FIUs are responsible for collecting, analyzing, and disseminating financial information to law enforcement agencies and other relevant authorities. By monitoring suspicious financial transactions and ensuring compliance with anti-money laundering (AML) regulations, FIUs play a pivotal role in maintaining the integrity of the financial system. They also collaborate internationally to track and curb illicit financial flows, forming a global network of vigilance and enforcement. An essential element for any responsible financial institution, an FIU helps detect and prevent the misuse of financial services for illegal activities.