Financial Intelligence Units (FIUs)

Financial Intelligence Units (FIUs) are government agencies that gather, analyze, and share information about financial transactions to combat money laundering, terrorist financing, and other financial crimes. They collect suspicious activity reports from banks and financial institutions, assess the data for potential illegal activities, and work with law enforcement and regulatory bodies to take action. By connecting the dots on unusual financial patterns, FIUs play a crucial role in maintaining the integrity of the financial system and ensuring that it is not used for criminal purposes.