To All Esteemed Partners
In view of the COVID- 19 global pandemic, the Financial Intelligence Unit (“ FIU”) has found it necessary to implement its Business Continuity Plan (“BCP”) in a means to mitigate probable risks to our institution, to safeguard its operations and to continue to deliver on our mandate whilst effectively supporting our partners to protect the integrity of our financial system.
The FIU acknowledges that the current situation is unprecedented and therefore, its BCP provide for continuity of operations whilst effectively limiting potential risk to the health and safety of the staff. At this point, the FIU wishes to reassure all its partners that the confidentiality and integrity of information received and kept at the FIU will not be compromised and that it continues to maintain very high standards in relation to the security of information.
Therefore, as of March 23rd, 2020, the FIU has implemented critical changes to its operations which will allow it to continue with its operations without undue disruptions. Whilst the core functions of the FIU have not been impacted significantly, the FIU wishes to advise its partners that there may be delays in attending to requests for information in view that some of its cooperating partners have also restructured their operations to meet the needs of the current situation.
The FIU shall continue to work closely with all reporting entities to manage and mitigate Money Laundering (“ML”) and Terrorist Financing (“TF”) risks and to maintain compliance with Anti- Money Laundering/ Countering the Financing of Terrorism (“AML/ CFT”) obligations during this highly unsettling period. Moreover, whilst the FIU expects reporting entities to take reasonable measures to meet the AML/ CFT obligations, the FIU appreciates the challenges that may be faced by reporting entities in meeting these obligations. In such cases, we are kindly requesting all reporting entities to document any such instances and to prioritize Suspicious Transaction Reporting in the interim.
At this point, we would like to launch an appeal to all stakeholders to be alert about any possible malicious or fraudulent transactions similar to those that occur in the wake of natural disasters. The FIU calls for everyone to remain vigilant and report same as appropriate.
To avoid any unnecessary delays or disruption, the FIU have established emergency focal points whereby you may have direct access to key FIU Officials to ensure that your requests/ queries are attended to in a reasonable timeframe.
Contact details are as follows:
Primary contact: + (248) 4383400
Emergency contact: + (248) 2503530
Email: [email protected]
Note that whilst the FIU is committed in doing its utmost during these critical times, kindly note that there may be delays in responses.