Government of Turks and Caicos Islands Takes Steps to Combat Terrorist Financing
Enhancing Anti-Money Laundering and Combating Terrorism Framework
The Government of the Turks and Caicos Islands has introduced a new National Anti-Money Laundering and Combating Terrorist Financing and Proliferation Strategy 2021-2023. This move is aimed at strengthening the country’s anti-money laundering (AML) and combating the financing of terrorism (CFT) framework.
Key Objectives of the Strategy
- To position the Turks and Caicos Islands as a secure and well-regulated international financial center
- To mitigate against money laundering, terrorist financing, and proliferation financing risks
- To enhance the country’s AML/CFT regime through effective measures
Implementation and Stakeholder Collaboration
The Anti-Money Laundering Committee will work closely with private and public sector stakeholders to implement effective measures to combat risks to the financial sector. Specific goals have been assigned to various agencies, which will develop and implement supporting actions to advance the country’s AML/CFT regime.
Attorney General’s Emphasis on Effective Measures
Attorney General Rhondalee Braithwaite Knowles OBE QC emphasized that the updated National Strategy 2021-2023 is a two-year framework document designed to guide stakeholders in implementing effective measures to combat risks to the financial sector. She stated, “Through these goals and supporting actions, we will ensure that our measures, systems, and processes are robust and effective in combating money laundering, terrorist financing, and proliferation financing.”
Accessing the National Strategy Document
The National Anti-Money Laundering and Combating Terrorist Financing and Proliferation Strategy 2021-2023 is available on the websites of:
- Attorney General’s Chambers (www.gov.tc/agc)
- Financial Services Commission (www.tcifsc.tc)
- Financial Intelligence Agency (www.fia.tc)
For more information, please contact the TCI Attorney General Chambers at [EMAIL ADDRESS].