Money Laundering Investigation Techniques Uncovered in Trinidad and Tobago

The Financial Investigation Branch (FIB), a specialized unit of the Trinidad and Tobago Police Service, has been at the forefront of combating money laundering in the country. A recent investigation has revealed the latest techniques being used by financial investigators to detect and prosecute individuals involved in this illegal activity.

Mandate and Jurisdiction

The FIB is mandated to investigate and prosecute offenses related to:

• Money laundering
• Terrorist financing
• Financing of weapons of mass destruction

Their efforts are guided by the Proceeds of Crime Act (POCA) and the Anti-Terrorism Act, which were amended in 2014.

Investigations and Seizures

The FIB is responsible for investigating and forfeiting cash seized by police officers under POCA. Only officers above the rank of sergeant are authorized to seize cash, and the amount must exceed TT$20,000 or its equivalent in other currencies.

Some notable highlights of the FIB’s investigations include:

• High-profile cases being brought before the courts
• Significant assets being seized and forfeited by the state

Successes in the Fight Against Financial Crime

The FIB’s success has been hailed as a major victory in the fight against financial crime in Trinidad and Tobago. If you would like more information on the FIB’s money laundering investigation techniques, please contact:

Financial Investigations Branch

• Address: 13th Floor, Riverside Plaza, Besson Street, Port of Spain
• Phone: (868) 627-4281