Fiji Time: 9:00 PM on Thursday 11 February

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.

Westpac
Code Inward TTs Outward TTs
CAD 0.65910.6401
JPY 54.274451.2744
GBP 0.32490.3169
EUR 0.41900.4070
NZD 0.71410.6811
AUD 0.66860.6436
USD 0.47530.4583

from

$0.00

Exchange Rate updated on 11th February 2016

Today's Most Read Stories

  1. Dead on the beach
  2. A-G: Politicians advocated travel ban
  3. Gone but not forgotten
  4. Civil servant taken into custody by FICAC
  5. Amendment bid
  6. Rakiraki town flooded, shops closed
  7. Weather watch: Met Office issues heavy rain alert
  8. USP's financial review
  9. $25k poultry project
  10. Weather: Floodwaters destroy farm

Top Stories this Week

  1. Angry 7s fan smashes TV screen Tuesday (09 Feb)
  2. Sevens changes Friday (05 Feb)
  3. Need speed Monday (08 Feb)
  4. 3 MPs are out Wednesday (10 Feb)
  5. NZ 7s final refereeing charade an embarrassment Monday (08 Feb)
  6. Ryan: Sunshine ahead Tuesday (09 Feb)
  7. Investigation as nurse falls with baby Tuesday (09 Feb)
  8. Legal row Friday (05 Feb)
  9. Dead on the beach Thursday (11 Feb)
  10. Sydney 7s thriller Wednesday (10 Feb)