Onsite visit of Assessors for the second round of Mutual Evaluation of Sierra

ABOUT US

The Sierra Leone Financial Intelligence Units (FIU) plays a leading role in the prevention of money laundering and counter-terrorist financing (AML/CFT) activities in the country. The Unit is responsible for receiving, processing, and analyzing statutory reports made by financial institutions (reporting entities) or other entities in accordance with the requirements of domestic AML/CFT laws and regulations. The Government of Sierra Leone passed the Anti-Money Laundering and Combating of Financing of Terrorism (AML/CFT) Act in 2012 which established the Financial Intelligence Unit (FIU). The FIU combats the flow of ‘dirty’ money in Sierra Leone and in this process, it performs three traditional core functions which are: receipt of statutory reports; analysis, and dissemination to other LEAs on issues relating to money laundering, financial crimes suspicious transactions, and terrorist financing activities.