Financial Intelligence Units
/ˈfaɪnænʃəl ɪnˈtɛlɪdʒəns ˈjuːnɪts/
Definitions
- (n.) Governmental or intergovernmental agencies responsible for receiving, analyzing, and disseminating financial information to combat money laundering, terrorist financing, and other financial crimes.
Financial Intelligence Units play a crucial role in the enforcement of anti-money laundering laws.
Forms
- financial intelligence units
- financial intelligence unit
Related terms
See also
Commentary
Typically established under international standards such as those from the Financial Action Task Force (FATF), FIUs serve as central hubs for suspicious transaction reports.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.