Turks and Caicos Islands Takes Significant Steps Against Money Laundering

The Turks and Caicos Islands government has demonstrated its dedication to combating money laundering by investing heavily in capacity building for law enforcement agencies and upgrading its systems. This effort is a crucial step towards addressing the scourge of money laundering, terrorist financing, and the proliferation of weapons of mass destruction.

A Comprehensive Approach to Anti-Money Laundering

As a member and former chair of the Caribbean Financial Action Task Force (CFATF), the government has committed to taking all necessary actions against money laundering. A key component of this effort was the recent Anti-Money Laundering seminar series hosted by the Office of the Director of Public Prosecutions (ODPP) in collaboration with the Attorney General’s Chambers and the Financial Crimes Unit.

Key Highlights from the Seminar

• The seminar brought together participants from various key agencies, including:
  • Royal Turks and Caicos Islands Police Force
  • Integrity Commission
  • Ministry of Immigration and Border Services
• The training covered critical areas such as:
  • TCI anti-money laundering framework
  • Fundamentals of money laundering
  • Cash seizure and detention
  • Forfeiture, confiscation, and civil recovery

Leadership Commitment

The Honorable Attorney General, Rhondalee Braithwaite-Knowles, OBE, KC, and the Director of Public Prosecutions, Mr. Eugene Otuonye, KC, delivered opening remarks at the seminar. The government’s commitment to strengthening its anti-money laundering efforts through capacity building and enhanced systems was underscored by Inspector Paulin Nemours of the Financial Crimes Unit.

A Collaborative Effort

The success of this effort is a testament to the collaborative approach between the government agencies involved. By working together, they can effectively combat money laundering and create a safer financial environment for the people of Turks and Caicos Islands.