Financial Intelligence Unit definition

Financial Intelligence Unit means the Financial Intelligence Unit established under section 9(1) of the Financial Intelligence and Anti-Money Laundering Act;
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Financial Intelligence Unit means the Financial Intelligence Unit established under section 4 of the Anti-Money Laundering and Counter-Terrorism Financing Act No. 13 of 2014;
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Financial Intelligence Unit means a central, public body, responsible for receiving (and, as permitted, requesting), analysing and disseminating disclosures of financial information
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Examples of Financial Intelligence Unit in a sentence

  • The government of India set up Financial Intelligence Unit (FIU-INDIA) on November 18, 2004 as an independent body to report directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.

  • The objective of the reform is to strengthen the capacity of the Financial Intelligence Unit to identify money laundering schemes and channels at an early stage.The measure consists in establishing a Centre for Strategic Analysis within the Financial Intelligence Unit.

  • Building on the analysis carried out as part of the implementation of the reform 3.6, the investment aims at providing the Financial Intelligence Unit with a new dedicated IT system enabling the exploitation of data available from different authorities and the identification of possible money laundering schemes and channels in real time.

  • In addition, suspicious activity reports are filed with the local Financial Intelligence Unit by the Group’s Money Laundering Reporting Officer according to local procedures.

  • The tasks of internal control are: 1.1. to verify compliance of the Company and its managers and employees with the legislation, precepts of the Financial Intelligence Unit, decisions of the management bodies, internal rules, contracts and good practices concluded by the Company.


More Definitions of Financial Intelligence Unit

Financial Intelligence Unit means the Financial Intelligence Unit of Belize established under section 3 of the Financial Intelligence Unit;
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Financial Intelligence Unit means the Financial Intelligence Unit established under section 3 of the Financial Intelligence Unit of Trinidad and Tobago Act;
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Financial Intelligence Unit means the Financial Intelligence Unit established pursuant to section 3;
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Financial Intelligence Unit means the body established in each Member State for the purposes of Article 32 of Directive (EU) 2015/849;
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Financial Intelligence Unit or Unit means the financial intelligence unit referred to in section 6A of the Money Laundering and Proceeds of Crime Act [Chapter 9:24];
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Financial Intelligence Unit. FIU')' means an FIU as established pursuant to Article 32 of Directive (EU) 2015/849;
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Financial Intelligence Unit means the entity established in the Member State for the purposes of implementing Article 32 of Directive (EU) 2015/849.
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