What We Do?
KFSA provides a range of regulatory and supervisory services to ensure the integrity and stability of Kiribati’s financial system. These services include:
Licensing & Registration
• Licensing and registration of financial institutions
• Restrictions that apply to licensed financial institutions
• Prudential supervision policies
Supervision and Compliance
• Conducting off-site and on-site supervision of licensed entities
• Monitoring financial soundness and risk management practices
• Enforcing compliance with applicable laws and regulations.
• Impose penalties for non-compliance
• Authority’s power to investigate unlicensed financial business
Consumer Protection
• Promoting fair treatment and transparency for financial consumers • Handling complaints and investigating misconduct or breaches • Educating the public on financial literacy and consumer rights • Financial system policy development
Anti-Money Laundering (AML) Oversight
• Supervising financial institutions’ compliance with AML/CFT requirements
• Collaborating with domestic and international stakeholders to combat financial crimes