Trinidad and Tobago Financial Intelligence Unit (TCIFIU) Report 2012
Overview
This report outlines the activities, achievements, and participation of the Trinidad and Tobago Financial Intelligence Unit (TCIFIU) for the period of January to June 2012.
Key Activities
- Training and Capacity Building:
- Provided training to law enforcement agencies through various courses such as:
- Financial Intelligence Officer course
- Financial Investigation Course
- Enhanced Financial Investigation Skills course
- Provided training to law enforcement agencies through various courses such as:
- Financial Intelligence and Investigations:
- Received financial intelligence from various sources, including:
- Suspicious Activity Reports (SARs)
- Utilized this intelligence to investigate:
- Money laundering cases
- Confiscation of assets
- Terrorism financing
- Received financial intelligence from various sources, including:
- International Cooperation:
- Participated in several international meetings and conferences, including:
- Caribbean Financial Action Task Force (CFATF)
- Egmont Group of FIUs
- Regional and global forums
- Participated in several international meetings and conferences, including:
Notable Achievements
- Egmont Group Best Case Competition: Captured 2nd place out of 47 countries.
- Confiscation Order: Obtained a confiscation order for US$21 million in the case of David Smith/Olint.
- Money Laundering Convictions: Secured money laundering convictions in the case of David Smith/Olint.
- Production Order Application: Made its first application to the Supreme Court for a production order without being represented by the Crown.
Conclusion
This report demonstrates the TCIFIU’s commitment to combating financial crime and terrorism financing through capacity building, intelligence gathering, and international cooperation.