Nauru regulates AML/CTF through its Financial Intelligence Unit under the Anti-Money Laundering and Targeted Financial Sanctions Act 2023. See the obligations and how MemberCheck supports them.
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Nauru regulates money laundering and terrorist financing through the Anti-Money Laundering and Targeted Financial Sanctions Act 2023, supported by its 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 FIU. Supervisors expect a designated compliance officer, sound internal controls, and staff training proportionate to the risks a business faces.
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.
Nauru's financial intelligence unit and AML/CTF supervisor, based within the Department of Justice and Border Control. It receives, analyses, and disseminates suspicious transaction reports, and separately supervises and inspects reporting entities for compliance.
Nauru's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other reporting entities.
The Registrar of Banks, established under the Banking Act 1975, handles bank licensing and works alongside the FIU, which carries the AML/CTF supervisory role.
Nauru is a member of the Asia/Pacific Group on Money Laundering, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
The Nauru Financial Intelligence Unit is both the financial intelligence unit and the AML/CTF supervisor. Alongside receiving and analysing suspicious transaction reports, it supervises reporting entities, conducts risk-based inspections, and enforces the Anti-Money Laundering and Targeted Financial Sanctions Act 2023. Bank licensing sits separately with the Registrar of Banks under the Banking Act 1975.
The Anti-Money Laundering and Targeted Financial Sanctions Act 2023 sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Nauru.
Nauru is a member of the Asia/Pacific Group on Money Laundering (APG), a FATF-style regional body, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership. Nauru is not currently on the FATF list of jurisdictions under increased monitoring (the "grey list"), though it has a history of offshore-sector scrutiny that led to significant legislative reform, including the 2023 AML-TFS Act.
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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