Fiji’s National Risk Assessment has highlighted significant threats to the nation’s financial integrity stemming from tax and customs-related crimes. These include tax evasion, fraud, duty evasion, and smuggling, which pose serious challenges to economic stability.
The assessment emphasizes the vital role played by frontline customs, tax, and audit personnel in identifying and addressing these high-risk activities. This initiative is crucial as it aligns with global standards outlined by the Financial Action Task Force regarding Anti-Money Laundering and Countering the Financing of Terrorism.
The Fiji Revenue & Customs Service (FRCS) has actively engaged with the National Risk Assessment Working Group to prepare for the 2026 FATF Mutual Evaluation. As part of these efforts, targeted awareness sessions have been organized to equip officers with the skills necessary to manage these financial risks effectively.
FRCS has reiterated that protecting Fiji’s financial system transcends regulatory requirements; it is a national priority. By intertwining enforcement, intelligence, and preparedness, the agency aims to shield the economy from illicit activities while reinforcing confidence in its financial framework. This proactive approach underlines Fiji’s commitment to maintaining the integrity and robustness of its financial system amidst evolving threats.
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