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Financial Intelligence Agency of Turks and Caicos Islands (FIA-TCI) Updates

Enhanced Follow Up Report & Technical Compliance Re Rating

The Financial Intelligence Agency of Turks and Caicos Islands (FIA-TCI) has published its 3rd Enhanced Follow Up Report & Technical Compliance Re Rating. This report is a result of re-ratings at the 55th Caribbean Financial Action Task Force (CFATF) Plenary.

Memoranda of Understanding with Haiti and Guyana

At the 55th CFATF Plenary, FIA-TCI signed memoranda of understanding with:

• The Republic of Haiti
• The Cooperative Republic of Guyana

These MOUs aim to strengthen cooperation in the areas of financial intelligence and anti-money laundering.

Alerts

Emerging Typology - Social Media Scam

The FIA-TCI has issued a Fraud Alert related to an increase in suspicious activity reports (SARs) involving social media scams. This alert warns reporting entities to be vigilant when dealing with online transactions.

Outreach Awareness

The FIA-TCI has completed its 2023/24 round of Outreach and Awareness sessions, providing reporting entities with information on their obligations to report suspicious transactions.

SARs/STRs Statistics

FIA-TCI provides the following statistics on the number of SARs/STRs reported for fiscal years 2016/17 to 2020/21:

• SARs: [insert statistics]
• STRs: [insert statistics]

Financial Sanctions Notices

The FIA-TCI mentions that sanction orders within the TCI are mainly derived from those issued by the UN and EU. These notices can be viewed on the Office of the Attorney General’s website.

Related Resources

For more information on financial intelligence, compliance, and sanctions, please visit:

• [insert link to government agency or organization]
• [insert link to government agency or organization]