By JYOTI PRATIBHA
Fijian banks are very diligent in identifying suspicious transactions, even when the transactions involve small amounts.
These observations were highlighted by the Fiji Financial Intelligence Unit director Razim Buksh at the 41st congress of the Fiji Institute of Accountants.
The two-day congress which ended yesterday was held at the Sheraton Fiji Resort on Denarau Island in Nadi.
Mr Buksh indicated case studies which had been brought before the Courts where those convicted had been involved in a number of dubious transactions involving small amounts of money over a period of time.
He also pointed that till May, the unit had received 20 requests from Fiji Independent Commission Against Corruption (FICAC) to look into financial activities of 39 individuals and five business entities.
Last year the Unit had also received 20 requests from FICAC to check the financial activities of 73 individuals and 32 business entities.
Mr Buksh said there were also discussions to include FICAC as a member of the National Anti-Money Laundering Council.
Representatives from the banking sector at the 41st Fiji Institute of Accountants congress at Sheraton Fiji Resort on Denarau Island in Nadi yesterday. Photo: WAISEA NASOKIA