Maldives Monetary Authority (MMA) appointed Ibrahim Ahmed Nasir as the head of Financial Intelligence Unit (FIU).
Nasir’s credentials include leadership positions in initiating Maldives Stock Exchange and Maldives Securities Depository as well as previously being the CEO of two companies for three years.
Furthermore, Nasir was head of MMA’s Credit Guarantee Unit, HSBC’s Deputy Country Manager and also served 11 years in the Maldives Police Service.
FIU is an independent agency of the Maldives Monetary Authority (MMA), established under the Prevention of Money Laundering and Financing of Terrorism Act.
Moreover, FIU is the central national agency for receiving, analysing and disseminating information to relevant authorities concerning money laundering activities, terrorism financing activities and proceeds of crime.
The acting head of FIU Ibrahim Shakeel resigned from the post in January. Prior to his appointment, FIU was lead by Abdulla Ashraf, who was removed from post and transferred to MMA's Strategic Planning and Development Project section.
It is widely speculated that Ashraf's transfer came after he reported former President Abdulla Yameen Abdul Gayoom's money laundering to Police.
Additionally, when Shakeel resigned in January he voiced concerns, stating that there were obstructions that prevent him from carrying out his responsibilities. He also claimed that Ashraf's dismissal was not justified and stated that he fears similar action could be taken against him.
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