Regulatory Alerts2026-01-01
Reserve Bank of Fiji Minimum Requirements for the Management of Money Laundering and Terrorist Financing Risk
The Reserve Bank of Fiji issues this policy to mandate that all licensed Payment Service Providers establish a risk-based Money Laundering and Terrorist Financing risk management framework. The document requires institutions to implement comprehensive controls including customer due diligence, ongoing monitoring, staff training, and the appointment of a dedicated compliance officer. Furthermore, it assigns specific oversight responsibilities to the Board and Senior Management while enforcing strict reporting obligations and supervisory assessments by the central bank.
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