Cabinet has endorsed amendments to the Companies Regulations 2015 aimed at improving transparency around the true ownership of companies in Fiji.
The changes are designed to strengthen compliance with international anti-money laundering and counter-terrorist financing standards by introducing clearer requirements for identifying and disclosing beneficial owners.
Government says the amendments will enhance regulatory oversight and address gaps highlighted in recent international assessments.
“The amendments introduce clearer requirements for identifying and disclosing the true owners of companies, improving transparency and supporting regulatory oversight,” Cabinet said.
Officials say the move is part of broader efforts to bolster Fiji’s legal and regulatory framework, ensuring greater accountability and improved compliance across the corporate sector.
The reforms are also expected to reinforce confidence in Fiji’s financial system, as authorities continue to align local laws with global standards and best practices.
Government maintains that strengthening beneficial ownership transparency is key to safeguarding the integrity of the financial system and preventing misuse of corporate structures for illicit activities.
