Formed in December 2000, The Bahamas Financial Intelligence Unit (FIU) is just one reflection of the countryís resolve to maintain its own responsible, independent path against the backdrop of evolving standards for international financial centres.
FIUs came into being during the past 14 years, as a liaison between financial institutions on one hand and law enforcement and/or prosecutional authorities on the other hand. They have become the liaison between similar agencies among jurisdictions and are the national agencies responsible for receiving, and as permitted requesting, analysing and disseminating to the competent authorities, disclosures of financial information relating to suspected proceeds of crime, or required by national legislation or regulation in order to counter money laundering.
