Financial Intelligence Unit
The Marshall Islands' financial intelligence unit, operating within the Office of the Banking Commission. It receives, analyses, and disseminates suspicious transaction reports.
Oceania · Country coverage
AML/CTF Compliance in the Marshall Islands
The Marshall Islands regulate AML/CTF through their Financial Intelligence Unit under the Anti-Money Laundering Act. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for the Marshall Islands
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Intelligence Unit, Office of the Banking Commission
FATF statusAPG member; not on the FATF grey list
Primary legislationAnti-Money Laundering Regulations 2002, made under the Banking Act 1987 (as amended)
Overview
AML/CTF compliance in the Marshall Islands.
The Marshall Islands regulate money laundering and terrorist financing through the Anti-Money Laundering Regulations 2002, made under the Banking Act 1987, supported by their Financial Intelligence Unit, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the Financial Intelligence Unit, alongside supervision from the Office of the Banking Commission. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Anti-Money Laundering Regulations
The Marshall Islands' principal AML instrument, made under the Banking Act 1987, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and corporate service providers.
Banking Commission oversight
The Banking Commissioner is the AML/CTF supervisory authority for banks and financial service providers, issuing guidelines and examining supervised entities, while the Financial Intelligence Unit within the same office analyses and disseminates suspicious transaction reports.
APG membership
The Marshall Islands are a member of the Asia/Pacific Group on Money Laundering, a FATF-style regional body, and align their regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the FIU
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in the Marshall Islands?
The Banking Commissioner is the AML/CTF supervisory authority for banks and financial service providers, issuing guidelines and examining them for compliance with the Banking Act 1987 and the Anti-Money Laundering Regulations 2002. The Financial Intelligence Unit, which sits within the same Office of the Banking Commission, receives and analyses suspicious transaction reports.
What is the main AML law in the Marshall Islands?
The Anti-Money Laundering Regulations 2002, made under the Banking Act 1987, set the customer due diligence, recordkeeping, and reporting obligations for regulated entities in the Marshall Islands.
Are the Marshall Islands a member of FATF?
The Marshall Islands are a member of the Asia/Pacific Group on Money Laundering (APG), a FATF-style regional body, and align their AML/CTF regime with the FATF 40 Recommendations through that membership. The Marshall Islands are not currently on the FATF list of jurisdictions under increased monitoring (the "grey list").
How does MemberCheck support AML compliance in the Marshall Islands?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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