has contributed towards building an effective anti - money laundering environment in fiji. collaboration with our international and domestic partners is vital in combating money laundering. it is through collaboration we can find many opportunities for sharing knowledge and expertise. collaboration between the private sector and law enforcement authorities is vital for the purpose of investigating money laundering. inter - government agency collaboration is also needed to prevent overlapping and contradicting regulatory requirements. collaboration with foreign counterparts and partners enables synergy in roles and functions. conclusion in concluding, let me say that the reserve bank of fiji is pleased to have been able to support and sponsor the national anti - money laundering conference in the last 4 years. together, we will continue to fight money laundering, fraud, corruption and other crimes in fiji. i take this opportunity to express our sincere appreciation to our chief guest, the director of public prosecutions, and mr christopher pryde. our gratitude also goes to madam nazhat shameem for her support and contribution to this conference and past conferences. bis central bankers ’ speeches also, to our other distinguished speakers and panellists for sharing their insights and knowledge on this very important topic of “ detecting money - laundering ”. i thank fiu director buksh and his team for putting together this event. finally, i thank each and every one of you for making this conference a success through your attendance, valuable contribution and active participation. i now have the pleasure of declaring the 2013 national anti - money laundering conference officially closed. vinaka vakalevu bis central bankers ’ speeches

strengths remain intact. on the bsp ’ s part, three areas are key to our path to progress : good governance, digital transformation, and msmes first, enterprises should be held accountable to a higher standard of good governance and should adhere to sustainability principles. the bsp ’ s initiatives in this space include alignment of our policies and work practices towards environmentally responsible and sustainable approaches. bsp has issued guidelines that will encourage financial institutions to incorporate sustainability in their risk governance frameworks. future policy will cover incentives which will encourage the financial sector to invest in activities that will promote climate - resilient, green, and sustainable growth. second, there is a need to support digital transformation within the economy and the acceleration of digitalization in the financial industry. the results of the bsp ’ s 2019 financial inclusion survey revealed that there is a wide gap in smartphone ownership and internet access depending on locality, geography, and income. 3 / 5 bis central bankers'speeches this basic constraint needs to be addressed so that our objectives can be achieved. in this regard, the bsp has expressed its strong support for programs that will hasten the establishment of reliable internet infrastructure across the country. these include the passage of the open access in data transmission act and the issuance of amendments to the executive order to liberalize access to satellite technology for internet services, which will allow the operation and use of international satellite communications in the country. third, given the vital role played by the msme sector in reinforcing the country ’ s growth prospects, the bsp is working on the establishment of market - enabling infrastructure that will sustain recovery of the msme sector. these include : the establishment of a credit risk database which will enable msmes to readily access low - cost and collateral - free lending. towards this end, the bsp is working with the japanese government on the development of this credit risk database for msmes. this is a comprehensive statistical reference tool for riskbased lending. this will lessen the dependence of banks on collateral, hence increase msme access to financing. the bsp also strongly supports the passage of the guide bill which proposes measures to strengthen capacity of government financial institutions to provide financing to msmes and other strategically important companies. let me now share some thoughts as to how the tmap can contribute to our national efforts, especially in the crucial areas to our growth. the country entered the crisis with a strong fiscal base which enabled the philippines to bridge the massive funding needed to finance the government