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The Laws of Fiji
Last Updated: 1 November 2022

[FIR 10,015] Risk based approach in applying these Regulations3 

3
(1) A financial institution may apply the requirements of these Regulations on a risk-based approach.
(2) Without prejudice to the requirements under Part 2, the extent of implementation by an institution may depend on the degree of risk of money laundering or terrorist financing associated with the customer, transaction or product.
(3) The approach of a financial institution in applying the requirements of these Regulations must be in accordance with approved policies and procedures as specified in Part 4.