Compliance
The FIU is the designated Regulatory body for Dealers in jewellery, precious stones or precious metals, Real Estate Agents, including Land Promoters and Property Developers, Attorneys, Barristers, Notaries, Law firms, foreign law firms, joint law ventures and foreign lawyers.
The department within the FIU that acts as AML/CFT Regulatory Body for the reporting persons under its purview is the FIU Compliance Division.
The Supervision Unit ensures monitoring of AML/CFT compliance by reporting persons carrying out relevant activities as stipulated by FIAMLA.
The main role of the Supervision Unit is to identify and measure the ML/TFs faced by reporting persons and guide them accordingly.
Supervisory actions are carried out through inspections and regular follow-up examinations.
The role of the Enforcement Unit is to determine the administrative or other measures necessary in case of breach of AML/CFT .
The Relations & Support Unit ensures support to regulatees and the general public.
The Unit also provides support to reporting persons by conducting outreach activities to assist them in performing their AML/CFT obligations.