Threats posed by money laundering and terrorism know no boundaries – FRCS CEO

Threats posed by money laundering and terrorism know no boundaries – FRCS CEO

By Navitalai Naivalurua
09/04/2024
Fiji Revenue and Customs Service CEO Udit Singh

The threats posed by money laundering and terrorism know no boundaries.

This has been highlighted by the Fiji Revenue and Customs Service CEO Udit Singh while speaking at the World Customs Organisation's (WCO) Anti-money Laundering and Counter-Terrorism Financing workshop that was held at the FRCS Headquarters in Suva.

Singh says these undermine the stability of economies, fund criminal enterprises, and pose a significant risk to national and international security.

He says as leaders and experts in their respective fields, it is incumbent upon them to work together, share knowledge, and implement best practices to combat these threats head-on.

Applauding Fiji's diligent efforts, Head of the WCO AML/CTF Programme David Kane acknowledged Fiji's unwavering dedication to security.

He says Fiji is exemplifying action by rigorously updating legislation and safeguarding the welfare of its people and country against criminal threats.

Kane says Fiji is setting an example in the region for enhanced anti-money laundering endeavours and remaining vigilant.

FRCS hosted the workshop, which brought together 74 delegates representing 10 customs administrations, 6 Financial Intelligence Units (FIUs), 6 Police administrators, as well as representatives from INTERPOL, the EGMONT Group of FIUs and the Regional Liaison Officers in Asia Pacific.

The forum is instrumental in augmenting the capacity of participants to fight the laundering of money and financing of terrorism in the customs arena.

The comprehensive week-long workshop provided a platform for expert presentations and discussions on numerous facets of anti-money laundering and counterterrorism by WCO AML/CTF experts and country delegates.

The FRCS and the WCO extend their gratitude to all attendees and contributors for their dedication and collaborative spirit.

Together, the workshop has laid down a stronger foundation for future endeavours against economic and security threats posed by laundering operations.

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