Financial Crime World

Financial Crime Investigation Process in Trinidad and Tobago

Introduction

The Financial Intelligence Unit of Trinidad and Tobago (FIUTT) has been working diligently to detect and deter money laundering and the financing of terrorism. The FIUTT collaborates with local law enforcement, regulators, and international counterparts to achieve its mission.

Establishment and Mandate

Established in 2010, the FIUTT is a specialized intelligence-gathering unit within the Ministry of Finance. Its primary responsibility is to collect, analyze, disseminate, and exchange financial intelligence with other countries.

Core Functions

The FIUTT plays a crucial role in identifying trends, patterns, and typologies of money laundering and financing of terrorism. Its core functions include:

  • Receiving and analyzing Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs)
  • Exchanging information with international partners
  • Monitoring compliance with anti-money laundering and counter-terrorist financing regulations among listed businesses and non-regulated financial institutions

Administrative Sanctions and Guidelines

The FIUTT is responsible for imposing administrative sanctions for breaches of these obligations. It also provides guidelines to reporting entities on their AML/CFT responsibilities.

Consolidated List of High Court Orders

The FIUTT maintains a Consolidated List of High Court Orders, which includes individuals or entities deemed to be involved in terrorist financing. This list is circulated regularly to ensure that all financial institutions and listed businesses are aware of their obligation to comply with freezing orders.

Annual Reports

In its annual reports, the FIUTT provides an overview of its activities and accomplishments, highlighting its efforts to combat financial crime in Trinidad and Tobago.

Contact Information

For more information or assistance, please contact:

Level 25, Tower D International Waterfront Complex 1A Wrightson Road Port-of-Spain Trinidad, West Indies

Mission Statement

The FIUTT is committed to creating a strong and dynamic financial sector free from money laundering, financing of terrorism, and other financial crimes.