FCAU

Upper page: Support Policing

 

The Financial Crime and Analysis Unit (FCAU) is the financial intelligence and investigative unit of the Financial Reporting Authority (FRA) in Montserrat. This unit officially came into operations in 2009 and is presently staffed with three (3) officers. Its operations are guided by the FRA and are independent of the Royal Montserrat Police Service (RMPS).

FCAU STRUCTURE

 

Main objective

The main objective of the FCAU is to serve Montserrat by participating in the international efforts to deter and counteract money laundering and the financing of terrorism.

Legislation and Tools

  • Proceed of Crime Act 2010
  • Misuse of Drug Act
  • Confidential Information Act

Principle Activities

Receive, analyze, investigate and disseminate disclosures of financial information concerning the proceeds of criminal conduct, money laundering and the financing of terrorism.

Receiving Information

Suspicious Activity Reports (SARs)/ Suspicious Transaction Reports (STRs)

The FCAU receives information from the Financial Reporting Authority(FRA), who receives from financial institutions relating to money laundering, proceeds of criminal conduct, terrorism and the financing of terrorism.

Anyone who initiates a disclosure has a defense to any potential related money laundering offence.  Disclosures made under the law do not breach the Confidentiality Act neither do it give rise to a civil proceeding.

Offences

Where a person suspects or knows that another is engaged in money laundering and the knowledge or suspicion is based on information that came to his attention in the course of is trade, profession, business or employment, fails to make a disclosure to the FRA is an offence.

Concealing or disguising criminal property which includes concealing or disguising its nature, source, location, disposition, movement or ownership or any rights with respect to it is also an offence.

 

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