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Functions

The main functions of the FIU, as per the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA), is to be the central agency for the request, receipt, analysis and dissemination of financial information regarding suspected proceeds of crime and alleged money laundering offences and terrorist financing. As the AML/CFT regulator, the FIU is also responsible for ensuring compliance of AML/CFT legal and regulatory framework by regulated entities under its purview. Pursuant to the Asset Recovery Act 2011, the FIU has also been assigned the functions of Asset Recovery.