FAQ
What is Money Laundering?
Money laundering is the process by which criminals attempt to conceal the illegal origin or the true ownership of the proceeds of their criminal activity (drug dealing, weapons dealing, human trafficking, kidnapping, etc.) allowing them to maintain control over the proceeds and ultimately, providing a legitimate cover for their sources of income.
What are the functions of the FIU?
The Anguilla FIU is a hybrid structure organization, that is a combination of a administrative and investigative functions.
The core functions of the FIU is receiving, collecting and analysing financial information and thereafter disseminate financial intelligence regarding disclosures of information concerning the proceeds of crime, money laundering, terrorism or the financing of terrorism or proliferation financing.
Further the FIU is responsible for:
Receiving suspicious activity reports from financial institutions and other reporting agencies.
Requesting financial information from financial institution and other private and public agencies.
Analysing and evaluating information to determine there is sufficient evidence to satisfy the basis of the suspicion and disseminate that intelligence to local law enforcement agencies or foreign competent authorities.
What is Proliferation Financing?
Proliferation financing refers to the act of providing funds or financial services which are used, in whole or in part, for the manufacture, acquisition, possession, development, export, trans-shipment, brokering, transport, transfer, stockpiling or use of nuclear, chemical or biological weapons and their means of delivery and related materials (including both technologies and dual use goods used for non-legitimate purposes), in contravention of national laws or, where applicable, international obligations.