Financial Crime World

Financial Crimes on the Rise in Trinidad and Tobago: Types of Offences Investigated by FIB

The Financial Investigation Branch (FIB) of the Trinidad and Tobago Police Service has taken a proactive approach to combating financial malfeasance, investigating and prosecuting individuals accused of various financial crimes. In this article, we’ll delve into the types of offences investigated by FIB and their mandate under the Proceeds of Crime Act (POCA).

Mandate and Jurisdiction

The FIB’s primary responsibility is to investigate and prosecute cases related to money laundering, terrorist financing, and the financing of weapons of mass destruction. This mandate is outlined in the Proceeds of Crime Act (POCA) and the Anti-Terrorism Act.

Types of Offences Investigated

  • Money Laundering: The illegal act of concealing or disguising the origin of illegally obtained funds to make them appear legitimate.
  • Terrorist Financing: Providing financial support or resources to individuals or organizations engaged in terrorist activities.
  • Financing of Weapons of Mass Destruction: Prohibiting the provision of financial, technological, or other forms of support for the development or production of weapons of mass destruction.

Cash Seizures and Forfeiture

The FIB also investigates cash seizures made by police officers under POCA. When a seizure is made, the focus is on forfeiting illicit funds. Notably, only police officers at the rank of Sergeant and above are authorized to seize cash, which must exceed TT$20,000.00 or its equivalent in other currencies.

Contact Information

The Financial Investigations Branch can be contacted at their headquarters located at:

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

Conclusion

As financial crimes continue to pose a significant threat to national security and economic stability, the Trinidad and Tobago Police Service’s Financial Investigation Branch remains committed to tackling this complex issue head-on. By investigating and prosecuting individuals accused of financial malfeasance, FIB plays a crucial role in maintaining the integrity of the country’s financial system and ensuring that those who engage in illegal activities are held accountable for their actions.