Financial Intelligence Unit (FIU)

A Financial Intelligence Unit (FIU) is a government agency responsible for analyzing and investigating suspicious financial activities, such as money laundering and terrorist financing. It gathers information from banks and other financial institutions to detect illegal transactions and ensure compliance with anti-money laundering (AML) laws. By sharing this intelligence with law enforcement and regulatory bodies, the FIU helps prevent financial crimes and protect the integrity of the financial system. Essentially, it plays a crucial role in maintaining economic security and combating financial misconduct.