71. Is it specified that a particular institution(s) is responsible for investigating money laundering that relates to political parties, candidates and elected officials?

Nauru

Nauru

Answer
Financial intelligence unit
Source

8. The Financial Intelligence Unit –

(a) shall receive;

(i) the reports issued by financial institutions pursuant to the provisions of section 17;

(ii) information provided to the Financial Intelligence Unit by any agency of another country, or by a law enforcement agency, government institution or supervisory authority; and

(iii) any other information provided voluntarily to the Financial Intelligence Unit relating to suspicion of a money laundering offence, a financing of terrorism offence or an unlawful activity;

Source: Article 8, Anti Money Laundering Act 2008

Comment

The Financial Intelligence Unit has general competency to investigate all money laundering issues

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