- Laws of Fiji

Last Updated: 1 November 2022

[FIR 10,130] Customers exempted from customer due diligence requirements6

For the purposes of section 4(4)(c) and (d) of the Act, the requirement for customer due diligence does not apply to a customer in respect of a person carrying on the business of—

(a)an insurer for the issue of a non-investment type insurance policy such as a travel insurance policy;
(b)a moneylender as defined in the Moneylenders Act 1938 if the transaction or total loan for a customer is less than $5,000;
(c)a consumer credit provider, including financial leasing, hire purchase and similar credit, if the transaction, inclusive of credit provided, is less than $5,000;
(d)a money services provider for business or activity of collecting, holding, exchanging or remitting funds or the value of money, or otherwise negotiating transfers of funds or the value of money, on behalf of other persons where the transaction is less than $5,000 and if such transaction is completed domestically within Fiji and does not involve any foreign currency.

[reg 6 am Act 40 of 2017 s 37, effective 1 January 2018]