Welcome to the Financial Intelligence Unit

 Our mission is to assist the RMI government and law enforcement agencies in the detection, prevention, and investigation of financial crimes. We achieve this by analyzing financial intelligence, enforcing compliance among reporting entities, and fostering collaboration with both local and international partners.

Explore our website to learn more about our key responsibilities, regulatory framework, and the vital role we play in promoting a secure financial environment. Together, we can work towards a safer and more transparent future for the Republic of the Marshall Islands.

Thank you for visiting the FIU website. We invite you to engage with us as we strive to uphold the highest standards of financial integrity and accountability.

• Financial Intelligence: Receive, analyze, and disseminate financial intelligence from transaction reports submitted by financial institutions and cash dealers.
• Compliance Enforcement: Ensure that reporting entities comply with the requirements of the Banking Act and Anti-Money Laundering Regulations.
• Training and Workshops: Provide training to financial institutions and cash dealers on record-keeping and reporting obligations.
• Collaboration: Work with law enforcement authorities and international partners to combat financial crimes effectively.
• Reporting: Compile and maintain statistics and records related to financial transactions.

Regulated Entities

The FIU supervises various financial institutions and cash dealers, including:

• Banks: Bank of the Marshall Islands, Bank of Guam
• Credit Institutions: MISCO, Ajejdrikdrik Inc., JAJ Corporation
• Money Transfer Operators: MoneyGram, Western Union
• Insurance Companies: Moylan's Insurance, IAC Insurance

Governance Structure

• Minister of Finance, Banking, and Postal Services: Oversight of the FIU.
• Commissioner of Banking: Head of the FIU, responsible for administration and enforcement of the Banking Act.
• FIU Manager: Manages day-to-day operations and serves as the point of contact for AML/CFT efforts.

Reporting Obligations

Financial institutions and cash dealers are required to file:

• Currency Transaction Reports (CTR): For transactions over $10,000.
• Suspicious Activity Reports (SAR): When suspicious activities are detected.