Fiji Time: 2:32 AM on Tuesday 6 December

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 0.64410.6251
JPY 55.581352.5813
GBP 0.37970.3717
EUR 0.45440.4424
NZD 0.68650.6535
AUD 0.65390.6289
USD 0.48650.4695

from

$0.00

Exchange Rate updated on 5th December, 2016

Today's Most Read Stories

  1. Salary review plan for teachers, says Reddy
  2. Best friends drown
  3. A-G clears the air
  4. Tough start
  5. Man lives in fear
  6. Seasonal workers still on the run in Australia
  7. Dunn: Fiji's new climate change ambassador
  8. Police yet to charge alleged drug suspect
  9. $20m for second phase
  10. Villagers raise $39k

Top Stories this Week

  1. Superstition or fact Sunday (04 Dec)
  2. Shes Dunn it again! Friday (02 Dec)
  3. Call to be prepared for cyclone season Friday (02 Dec)
  4. Report on Rosi Thursday (01 Dec)
  5. Black magic claim Saturday (03 Dec)
  6. Man gets 13 years for raping child Tuesday (29 Nov)
  7. Teachers raise concerns Thursday (01 Dec)
  8. Rotuma Bill opposed Thursday (01 Dec)
  9. Ryan: I do miss Fiji Tuesday (29 Nov)
  10. Website probe Wednesday (30 Nov)