Financial Intelligence Unit
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Public Notice


The effective date to start making declarations of currency or berear negotiable instruments is the 1st March, 2017

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    The 6th February, 2017 appointed as the date in which the Money Laundering and Proceeds of Crime (Amendment) Act, 2016 shall come into operation


The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) undertook the mutual evaluation of Lesotho in November-December 2010.

   


Compliance

Registration with the Financial Intelligence Unit


All Accountable Institutions (AIís) listed under Schedule 1 (Click here to see a list of accountable institutions) of the Money Laundering and Proceeds of Crime Act of 2008 (MLPCA) are hereby urged to register with the Financial Intelligence Unit. By registering with the Financial Intelligence Unit, an Accountable Institution is introducing and identifying themselves to the Unit.

This will be beneficial to the AI in that the Unit will be able to easily offer support to the AI regarding matters of Compliance as required under the MLPCA, by amongst others, including the registered AI in its initiatives and programs aimed at assisting the AI fulfill their obligations. Obligations of Accountable Institutions.

Registration further facilitates Threshold and Suspicious Transactions Reporting (TTR and STR) by the AI. Upon registration, the AI identifies who their Reporting officer is. The Reporting officer will be responsible for collating the required Reports, be it TTR or STR, and submitting them to the FIU.

Furthermore, upon registration, the FIU provides the AI with their reporting number unique to that particular AI.

Documents


Financial Intelligence Unit - Lesotho