Fiji recently hosted an anti-money laundering and counter terrorist financing (AML/CTF) workshop as part of the World Customs Organisation’s (WCO) TENTACLE-Asia/Pacific Sub-regional Workshop series at the Fiji Revenue and Customs (FRCS) headquarters in Suva.
Project TENTACLE, according to FRCS, is the WCO’s focused initiative against bulk cash smuggling, including the illegal trade of gems and precious metals.
“The project underscores the commitment of WCO members to bolster efforts in curbing money laundering and terrorism financing within the Customs sphere,” FRCS stated.
FRCS chief executive officer Udit Singh described the workshop as a testament to the collective commitment to safeguarding the integrity of Asia-Pacific sub region’s financial systems and protecting our societies from illicit activities.
“They undermine the stability of economies, fund criminal enterprises, and pose a significant risk to national and international security. As leaders and experts in our respective fields, it is incumbent upon us to work together, share knowledge, and implement best practices to combat these threats head-on,” he said.
Customs officers form the frontline defense at national frontiers and play a crucial role in impeding the transit of unlawful commodities.
The week-long TENTACLE workshop provided a platform for expert presentations and discussions on numerous facets of anti-money laundering and counterterrorism by WCO AML/CTF experts and country delegates.
The event brought together 74 delegates representing 10 Customs administrations, six Financial Intelligence Units (FIUs), six Police administrations, as well as representatives from INTERPOL, the EGMONT Group of FIUs and the Regional Liaison Officers in Asia Pacific (RILO AP).
