SIFIU launches anti-money laundering program

Standard

THE Solomon Islands Financial Intelligence Unit (SIFIU) finally launched and coordinated another major Anti-money laundering and combating financing of terrorism (AML/CFT) National Risk Assessment (NRA) program that commences Monday this week.

The Risk Assessment work may take up to six months to complete and requires the cooperation of both the private and the public sector.

A one full day workshop held at the IBS hotel Wednesday this week was part of the NRA work.

The Solomon Islands has had one NRA in 2009 and the exercise that is currently undertaken is the 2nd one the country is going through.

The full-day intensive workshop held on Wednesday was conducted by the Asian Development Bank (ADB) consultant and financial intelligence expert, Neil Jen Sen, with the support of SIFIU officials and the Central Bank of Solomon Islands (CBSI).

 

Read More