The Financial Intelligence Unit FIU is an
inter-governmental body established in 1989 by the Ministers
of its Member jurisdictions..
The objectives of the FIU are to set standards and promote
effective implementation of legal, regulatory and
operational measures for combating money laundering,
terrorist financing and other related threats to the
integrity of the international financial system.
The FIU is therefore a policy-making body which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. The FIU has developed a series of Recommendations that are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.
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Reacting timorously, effectively and efficiently to challenges posed by national and international money launderers, other perpetrators of financial crimes and terrorist financiers.
*Receiving, requesting and analyzing suspicious transaction and suspicious activity reports and dissemination of intelligence to Law Enforcement Agencies and foreign counterpart agencies pertaining possible money laundering, financing of terrorism and other financial crimes.
The BFIU strives to develop a strong legal basis to combat money laundering, financing of terrorism activities and other financial crimes within the borders of Benin, to protect the integrity and stability of the financial system, by monitoring and supervising the anti-money laundering and anti-financing of terrorism controls and systems implemented by businesses that are vulnerable to money laundering or terrorist financing and by producing intelligence products that incorporates the analysis of relevant classified information..