Is FID an executive or government ministry?
FID is a division of the Ministry of Finance and Planning
How long has FID been in existence?
The Financial Investigations Division was formed on December 16, 2002, through the merger of the Financial Crimes Unit of the Director of Public Prosecution (DPP) and the Revenue Protection Division (RPD) of the Ministry of Finance and Planning (MOFP) as the investigating entity for both tax related and financial crimes matters including money laundering.
Who is in charge/head of the Division?
As stipulated in the Financial Investigations Division Act (FIDA) Section (8) ‘…..there shall be appointed – a Chief Technical Director (CTD) who shall be responsible for the day-to-day administration and operation of the Division….’
What are the legislative tools used by the Division?
The main legislations which govern the operations of the Division are: a. Proceeds of Crime Act(POCA), Regulations and (Money Laundering Prevention) Regulations, 2007 b. Financial Investigations Division Act (FIDA), 2010 c. Terrorism (Prevention) Act (TPA) and Regulations d. Mutual Assistance (Criminal Matters)