FINANCIAL INTELLIGENCE UNIT
Protecting Nauru through financial intelligence
The Financial Intelligence Unit (FIU) is a statutory body whose existence and mandate are continued by the Anti-Money Laundering and Targeted Financial Sanctions Act 2023 (Act).
WHAT WE DO
FIU is set up within the Department of Justice and Border Control and is responsible for performing its functions under the Act.
These functions include the following:
- enforcing the Act;
- supervising the compliance of reporting entities with the Act;
- receiving and analysing suspicious activity reports and other information available to it, whether by any means or under any law, in order to identify activity that may constitute or may relate to a financial crime or criminal conduct and to carry out any further investigations it considers necessary;
- disseminating information derived from analysis and reports of information received to domestic and foreign law enforcement bodies or foreign intelligence bodies;
- enquiring into conduct that constitutes as or relates to financial crime or is suspected to do so;
- conducting related inquiries, investigations, analysis and oversight;
- identifying, analysing and assessing on an ongoing basis financial crime trends, patterns and risks of relevance to the Republic, including in relation to new technologies, business practices and products;
- coordinating with supervisory authorities and other authorities in the Republic that have a role in combatting financial crime or criminal conduct;
- engaging in an arrangement, understanding or any mutual cooperation with similar foreign entities in other countries or international bodies on matters relating to financial crime or criminal conduct;
- commencing proceedings in any court established in the Republic for the purposes of enforcing any part of the Act or any other written law, in the performance of its functions;
- ensuring that reporting entities, supervisory authorities, other competent authorities and the public at large are adequately informed about the trends, patterns and risks of financial crime and the appropriate responses;
- performing other functions which may be given to the FIU by any written law, the Cabinet or the Minister.
UPDATES
Nauru has undergone its Mutual Evaluation (ME). The ME is a peer review process that measures Nauru’s compliance and effectiveness against the Financial Actions Task Force (FATF) 40 Recommendations on Money Laundering and Combatting the Financing of Terrorism and Proliferation Financing.
In preparation for the ME, FIU worked closely with the Office of the Legislative Drafter on the drafting of new laws and the amendment of existing laws. Technical assistance was also provided by the Asia Pacific Group on Money Laundering (APGML) on the drafting and amendment of laws. This was done in accordance with the requirements of the FATF Recommendations to ensure that Nauru has legislation that meet international standards.
- Anti-Money Laundering and Targeted Financial Sanctions Act 2023 – repealed and replaced the Anti-Money Laundering Act 2008
- Anti-Money Laundering and Targeted Financial Sanctions (Suspicious Activity Report) Regulations 2023
- Anti-Money Laundering and Targeted Financial Sanctions (Record Keeping) Regulations 2023
- Anti-Money Laundering and Targeted Financial Sanctions (Financing of Terrorism and Proliferation Financing) Regulations 2023
- Anti-Money Laundering and Targeted Financial Sanctions (Financing of Terrorism and Proliferation Financing) (Amendment) Regulations 2024
- Anti-Money Laundering and Targeted Financial Sanctions (Parallel Financial Investigations) Regulations 2024
- Anti-Money Laundering and Targeted Financial Sanctions (Amendment) Act 2024
- Anti-Money Laundering and Targeted Financial Sanctions (Financing of Terrorism and Proliferation Financing) (Amendment) (No. 2) Regulations 2024
- Anti-Money Laundering and Targeted Financial Sanctions Act 2023 – amending the Legal Practitioners Act 2019
- Anti-Money Laundering and Targeted Financial Sanctions Act 2023 – amending the Naoero Citizenship Act 2017
- Anti-Money Laundering and Targeted Financial Sanctions Act 2023 – amending the Counter Terrorism and Transnational Organised Crime Act 2004;
- Anti-Money Laundering and Targeted Financial Sanctions Act 2023 – amending the Registration of Associations Act 2020;
- Anti-Money Laundering and Targeted Financial Sanctions Act 2023 – amending the Passports Regulations 2011;
- Anti–Money Laundering and Targeted Financial Sanctions (Fit and Proper Person) Criteria 2023
- Anti–Money Laundering and Targeted Financial Sanctions (Fit and Proper Person) Criteria as amended in March 2024;
- Anti-Money Laundering and Targeted Financial Sanctions (High Risk Countries) Guideline 2023;
- Anti-Money Laundering and Targeted Financial Sanctions (Simplified Due Diligence) Guideline 2023;
- Anti-Money Laundering and Targeted Financial Sanctions (Simplified Due Diligence) Guideline as amended in September 2023;
- Anti-Money Laundering and Targeted Financial Sanctions (Simplified Due Diligence) Guideline as amended in March 2024;
- Proceeds of Crime (Amendment) Act 2023;
- Proceeds of Crime (Border Declaration Form) Regulations 2023;
- Proceeds of Crime (Border Declaration Form) (Amendment) Regulations 2024;
- Proceeds of Crime (Miscellaneous) Regulations 2023;
- Proceeds of Crime (Miscellaneous) (Amendment) Regulations 2024;
- Proceeds of Crime (Management and Disposal of Property) Regulations 2024;
- Extradition (Designated Countries) Order 2023;
- Extradition (Amendment) Act 2024
- Consumer Protection Act 2024
- Crimes (Amendment) Act 2024
- Mutual Assistance in Criminal Matters Regulations 2023
- Counter Terrorism and Transnational Organised Crime (Targeted Financial Sanctions) Regulations 2023
- Counter Terrorism and Transnational Organised Crime (Amendment of the Schedule) Regulations 2023
- Beneficial Ownership (Identity and Declaration) Regulations 2023
- Beneficial Ownership (Identity and Declaration) Regulations 2023 – amending Section 5 of the Beneficial Ownership Act 2017
- Beneficial Ownership (Identity and Declaration) Regulations 2023 – amending the Beneficial Ownership (Forms and Fees) Regulations 2018
- Business Licences (Non-Operational Business Record Keeping) Regulations 2023
- Business Licences (Non-Operational Business Record Keeping) Regulations 2023 amending the Business Names Registration Regulations 2018;
- Business Licences (Non-Operational Business Record Keeping) Regulations 2023 amending the Partnership (Forms and Fees) Regulation 2021;
- Business Licences (Non-Operational Business Record Keeping) Regulations 2023 amending the Corporation (Registration of Existing Companies) Regulations 1972;
- Business Licences (Non-Operational Business Record Keeping) Regulations 2023 amending the Trusts (Forms and Fees) Regulations 2018;
- Trusts (Trustee Duties) Regulations 2023;
- Customs (Prohibited Exports) Order 2023;
- Customs Regulations 2023
- Customs (Brokers) Regulations 2024;
- Fisheries Management Act 2024
- Nauru Economic and Climate Resilience Citizenship Act 2024
- Vessels Registration Bill 2024
- Audit Bill 2024
- Illicit Drugs Control (Amendment) Bill 2024
Guides, Policies, Strategies and other Supplementary Documents
- Nauru Financial Intelligence Unit – Standard Operating Procedures (SOP)
- SOP Directions 2023
- SOP Directions 2018
- National Strategy for Anti-Money Laundering and Combatting the Financing of Terrorism 2022-2025
- Nauru’s Anti-Money Laundering and Proliferation Financing National Risk Assessment 2023
- National Risk Assessment MLTF Nauru 2018
- Strategic Analysis 2021 to 2023
- Nauru Virtual Asset Service Provider Policy 2023
- as amended February 2024
- as amended April 2024
- Cash Border Regulation Framework Guide 2023
- Beneficial Ownership Guide 2023
- as amended February 2024
- Non-Government or Non-Profit Organisation Best Practice Guide 2023
- as amended June 2024
- Designated Non-Financial Business and Professions Customer Due Diligence Guideline 2023
- Nauru Targeted Financial Sanctions Terrorism and Proliferation Financing Guide
- as amended February 2024
- Extradition Guide 2023
- as amended February 2024
- Mutual Assistance in Criminal Matters Guide 2023
- as amended December 2023
- as amended 20 March 2024
- Registration and Licensing of Businesses, Partnerships, Corporations, Associations, Trusts, Private Security Information Sheet
- United Nations Security Council Consolidated List
- Circular – Non-Profit Organisations or Non-Profit Organisations Best Practice Guide
- UNSC CL – Chamber of Commerce
- UNSC CL – Customs
- UNSC CL – Finance Department
- UNSC CL – Justice and Border Control Department
- UNSC CL – Law Firms
- UNSC CL – Nauru Maritime and Ports Authority
- UNSC CL – NPF and DPP
- UNSC CL – OAG
Laws
AML-TFS (Financing of Terrorism and Proliferation Financing) (Amendment) Regulations 2024
Proceeds of Crime (Miscellaneous) (Amendment) Regulations 2024
POCA (Border Declaration Form) (Amendment) Regulations 2024
AML-TFS (Parallel Financial Investigations) Regulations 2024
AML-TFS (Financing of Terrorism and Proliferation Financing) (Am) Regulations 2024
POCA (Management and Disposal of Property) Regulations 2024
Anti-Money Laundering and Targeted Financial Sanctions (Parallel Financial Investigation) Regulations 2024
Anti-Money Laundering and Targeted Financial Sanctions Act 2023 & Regulations
Proceeds of Crime Act 2004 & Regulations
Trusts (Trustee Duties) Regulations 2023
Counter Terrorism and Transnational Organised Crime (Amendment of the Schedule) Regulations 2023
Counter Terrorism and Transnational Organised Crime (Targeted Financial Sanctions) Regulations 2023
Beneficial Ownership Act 2017 & Regulations
Business Licences (Non-Operational Businesses Record Keeping) Regulations 2023
Mutual Assistance in Criminal Matters Act 2004 & Regulations
CIRCULARS
Circular – Non-Profit Organisations or Non-Profit Organisations Best Practice Guide
UNSC CL – Chamber of Commerce
UNSC CL – Customs
UNSC CL – Finance Department
UNSC CL – Justice and Border Control Department
UNSC CL – Law Firms
UNSC CL – Nauru Maritime and Ports Authority
UNSC CL – NPF and DPP
UNSC CL – OAG
UNSC CL – Western Union
UNSC CL – Border Control
Publications
UPDATED UN CONSOLIDATED LIST ISSUEDON 17/9/20 (USA TIKME) 18/9/24 (NAURU TIME)
Update on Nauru’s Mutual Evaluation
National Strategy for Anti-Money Laundering and Combatting the Financing of Terrorism
Anti-Money Laundering and Targeted Financial Sanctions (Fit and Proper Person) Criteria
Anti-Money Laundering and Targeted Financial Sanctions (Simplified Due Diligence) Guide 2023
Suspicious Activity Report Form
Border Declaration Form
Nauru Virtual Asset Service Provider Policy
Cash Border Regulation Framework Guide
Registration and Licensing of Businesses, Partnerships, Corporations, Associations, Trusts, Private Security Information Sheet
Beneficial Ownership Guide
Non-Government or Non-Profit Organisation Best Practice Guide
United Nations Security Council Consolidated List
Designated Non-Financial Business and Professions Customer Due Diligence Guideline
Anti-Money Laundering and Targeted Financial Sanctions (High Risk Countries) Guideline 2023
Nauru’s Anti-Money Laundering and Proliferation Financing National Risk Assessment 2023
Strategic Analysis 2021 to 2023
Nauru Targeted Financial Sanctions Terrorism and Proliferation Financing Guide
Extradition Guide
Mutual Assistance in Criminal Matters Guide
National Risk Assessment MLTF Nauru 2018
Nauru MER 2012
Nauru Maritime Administration – click here for the website
United Nations Security Council Consolidated List | Security Council – click here for the website
OUR TEAM
Rajas Swamy
Supervisor
Bernard Grundler
Assistant Supervisor
Roqous Aingimea
Analyst
OUR LOCATION
Financial Intelligence Unit
Department of Justice and Border Control
Ground Floor
Government Building
Yaren District
Republic of Nauru
Department of Justice and Border Control
Ground Floor
Government Building
Yaren District
Republic of Nauru