The Fiji Intelligence Unit released its 2007 Annual Report yesterday for the first time to the members of the public.

The Unit Director Razim Buksh said the report highlights the Unit's work, its objectives and also talks about progress made by Fiji in implementing the recommendations of the World Bank on Fiji's Framework for combating money laundering and terrorist financing.

He said in administering the Financial Transactions Reporting Act, the Unit seeks to safeguard and protect Fiji's financial system from being misused by criminals and prevent the laundering of criminally derived funds in Fiji.

Buksh said the Unit received a total of 268 suspicious transaction reports valued at $26.34M from local financial institutions last year.

He said as a result 113 case reports were sent to law enforcement agencies during the year for further investigation.