The current Financial Intelligence Service (FIS) of Ethiopia, formerly known as Financial Intelligence Center has been established by Council of Ministers Regulation no.171/2009. The then Center is renamed as Financial Intelligence Service by the Proclamation establishing executive bodies of the Federal Democratic Republic of Ethiopia, Proclamation No. 1263/2021. It started operation in January 2012. Its establishment is part of the effort to bring different stakeholders together to combat money laundering & financing of terrorism.
As clearly stated in the ‘prevention and suppression of Money Laundering and Financing of Terrorism Proclamation No. 780/2013’ the Ethiopian Financial Intelligence Center is responsible for receiving and analysing financial transaction reports and disseminate the results of its analysis to relevant competent and law enforcement authorities.