Fiji Time: 9:45 PM on Tuesday 31 March

Fiji Times Logo

/ Front page / News

Bank closes accounts for MRS providers

By GERALDINE PANAPASA
Wednesday, May 14, 2014

Update: 12:30PM ANZs decision to close the bank accounts of money remittance services providers (MRSPs) was a global business move based on their assessment of money laundering risks, says Fiji Financial Intelligence Unit director Razim Buksh.

Mr Buksh said Fiji had adequate laws and institutional measures in place to combat money laundering and terrorist financing.

He said further consideration may need to be given to Fiji's strong regulatory framework for anti-money laundering in which MRSPs operate in Fiji.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. A star is born
  2. Players share winning prize
  3. An experience of a lifetime
  4. Title defence
  5. One-off payout
  6. FNPF: Scheme review
  7. Fire destroys house, family homeless
  8. 4000 in need of accommodation
  9. Authority wins praises
  10. Free milk initiative

Top Stories this Week

  1. Rape on duty Wednesday (25 Mar)
  2. INQUIRY: Baby given wrong injection Friday (27 Mar)
  3. HK 7s risk Thursday (26 Mar)
  4. Champions Monday (30 Mar)
  5. A star is born Tuesday (31 Mar)
  6. Fiji 7s inspires college in win Wednesday (25 Mar)
  7. Strong start Friday (27 Mar)
  8. 'Ruthless' Sunday (29 Mar)
  9. Road accidents claim five lives over the weekend Monday (30 Mar)
  10. $8k fortnightly income Thursday (26 Mar)