Financial Intelligence Units

Financial Intelligence Units (FIUs) are specialized government agencies that evaluate and analyze financial transactions to detect and prevent money laundering and terrorist financing. They collect reports of suspicious activities from banks and businesses, investigate patterns of illegal financial behavior, and share information with law enforcement and regulatory authorities. By monitoring financial flows, FIUs play a crucial role in maintaining the integrity of the financial system, ensuring compliance with anti-money laundering laws, and protecting the economy from crime and corruption. Their work helps to promote transparency and accountability in financial practices.