Functions of the Unit

(1) The Unit shall, subject to the provisions of this Act, (a) investigate and prosecute financial crimes; (b) perform the functions of the competent authority, and such functions as a supervisory authority, as may be assigned under the Money Laundering and Terrorism (Prevention) Act; CAP. 104. (c) ensure coordination and cooperation between law enforcement agencies, Government departments, regulatory authorities, private institutions and members of relevant professions in evolving methods and policies to prevent and suppress financial crimes; (d) take such measures as may be necessary to counteract financial crimes; (e) share information and cooperate with foreign financial intelligence units in the fight against financial crimes; Financial Intelligence Unit[CAP. 138:02 11 (f) inform and educate the public and financial and business entities of their obligations under measures that have been or might be taken to detect, prevent and deter the commission of financial crimes; (g) co-operate with, and provide assistance to, foreign countries, law enforcement agencies and other regulatory or supervisory bodies relating to financial crimes in accordance with the Money Laundering and Terrorism (Prevention) Act; and CAP. 104. (h) perform such other functions related to the above as may be assigned by the Minister. (2) The Commissioner of Police, Comptroller of Customs, Director of Immigration and any person specified as a supervisory authority under the Money Laundering and Terrorism (Prevention) Act may refer to the Unit, for the purpose of investigation and prosecution, any suspected financial crime. CAP. 104. (3) The Director may, on his own initiative, investigate any suspicious transaction or any financial crime. (4) The Commissioner of Police, Comptroller of Customs, Director of Immigration and any persons specified as a supervisory authority under the Money Laundering and Terrorism (Prevention) Act shall give such assistance to the Director as may be necessary to enable him to discharge his functions under this Act. Cap. 104.