Area 01Financial intelligence
About Us
Understand the mandate, priorities and responsibilities of the Gelephu Financial Intelligence and Compliance Center (GFICC). This page is for reporting entities, competent authorities, professionals and members of the public who need a clear view of GFICC's role in safeguarding the financial system of Gelephu Mindfulness City (GMC).
You can also contact GFICC directly at gficc@gmc.bt.
Overview
GFICC is GMC's financial intelligence and compliance centre. It works to protect the integrity and resilience of GMC's financial system against money laundering, terrorist financing, proliferation financing and other financial crime.
GFICC receives and assesses regulatory reports and other lawfully obtained information, develops initial financial intelligence and refers appropriate cases to Bhutan's Financial Intelligence Department (FID) for advanced analysis and further action. It also works with Relevant Authorities in GMC and Bhutanese authorities to identify emerging risks, strengthen compliance and support risk-based supervision on AML/CFT/CPF oversight.
GFICC Objectives
GFICC’s objectives define the outcomes it seeks to achieve in safeguarding GMC’s financial system, strengthening financial intelligence and supporting an effective AML/CFT/CPF framework. Its key objectives are to:
