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Organization
- Financial Intelligence Unit
The Cook Islands Financial
Intelligence Unit, or CIFIU, is located on the main island of Rarotonga, the
capital and the main business centre of the Cook Islands. It is an
Independent Ministry of the Cook Islands Government, a specialized agency
created to collect, analyse and disseminate financial information and
intelligence on suspected money laundering , the financing of terrorism
activities and other serious offences to the appropriate authorities in
the Cook Islands and internationally approved organizations or countries.
It is also tasked to regulate and conducted compliance examinations of
all registered Reporting Institutions in the Cook Islands as required by
the Financial Transactions Reporting Act 2004.
The unit’s primary functions are
intelligence gathering and evaluation of compliance through examination
processes. The two roles are distinct but complimentary. The intelligence
function includes the receipt, analysis, dissemination and, where
appropriate, referral to law enforcement for investigation. The
compliance function includes powers to examine and, where appropriate and
authorised by the Head, enforcement of compliance through sanctions and
penalties.
- Our Mandate
The FIU was established to
facilitate the prevention, detection, investigation and prosecution of
money laundering, the financing of terrorism and other serious offences
in the Cook Islands.
- Our Mission
CIFIU’s Mission is to contribute to
the national, regional and global fight against money laundering, the
financing of terrorism and other serrious crimes by enhancing the
anti-money laundering and the counter financing of terrorism regime in
the Cook Islands.
- Our Mission Statement
At the Financial Intelligence Unit,
we strive to be a leader in the prevention of money laundering and
terrorist financing activities and thus contributing towards a safe and
stable financial and economic environment.
We embrace this mission through
compliance examination, information collection, analysis and cooperation
in the dissemination of information on suspected money laundering and the
financing of terrorism activities and other serious crimes thus
supporting the domestic and international law enforcement investigative
efforts.
- Our Vision
Our Vision is to be a leader in providing timely and high quality
financial intelligence in the global fight against money laundering and
the financing of terrorist activities and threats to the economy of the
Cook Islands, while ensuring the protection of the information it holds.
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