Maldives Monetary Authority (MMA) has appointed Ibrahim Ahmed Nasir as the head of Financial Intelligence Unit (FIU).
Ibrahim Ahmed Nasir has served in the financial sector for a number of years. In this regard, he worked in formulating the Maldives Stock Exchange (MSE) and Maldives Security Depository, in addition to serving as the CEO of the two companies for a period of three years.
Further, Ahmed Nasir served in Maldives Police Service for 11 years. In addition, he served as the MMA's Credit Guarantee Unit Head and Deputy Country Manager at HSBC. He also served as the Chairperson of the Pension Board.
FIU is an operationally independent unit mandated and established under Prevention of Money Laundering and Financing of Terrorism Act law within MMA. FIU is the central national agency for receiving, analysing and disseminating information concerning money laundering activities, terrorism financing activities and proceeds of crime.
The main function of FIU is to receive financial transaction reports from various reporting institutions, analyse them and, as appropriate, disseminate valuable financial information to law enforcement agencies and regulatory authorities.