COMPLIANCE AND PREVENTION
The Compliance and Prevention Department is responsible for overseeing supervision and compliance with the AML/CFT&FoP and FIC Laws. These Department co-ordinates the framework that ensures effective and efficient oversight by supervisory authorities.
It conducts inspections, both on its own and in support of supervisory bodies, to determine the level of compliance with the AML/CFT&FoP Obligations. It monitors and gives guidance to reporting persons, supervisory bodies regarding AML/CFT&FoP Obligations. It also provides strategic policy advice on fighting money laundering, terrorist financing and financing the proliferation of weapons of mass destruction, including improvements to the legislative framework.
It assists in drafting directives, regulations and guidance as well as legislative amendments when necessary. It also provides training to supervisory bodies and reporting persons and conducts public awareness activities on matters related to money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction;
MONITORING AND ANALYSIS
The Monitoring and Analysis Department receives and analyses CTRs, STRs/SARs to identify money laundering and the financing of terrorism as well as the financing of proliferation of Weapons of Mass Destruction.
The Department works closely with reporting persons, law enforcement authorities, other competent authorities and the private sector to combat those crimes, and provides support for investigations on request. The Department’s work also contributes to the enhanced international co-operation in countering money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction.
ADMINISTRATION AND FINANCE
Administration and Finance Unit provides the FIC with support services to enable the entity to operate efficiently. The Unit’s primary functions are financial, administrative and human resources management; supply chain management; facilities management; ICT and enterprise architecture and project management.
Financial Intelligence Centre wishes to recruit suitable candidates to fill the following vacant posts