Financial Crime World

Trinidad and Tobago’s Financial Intelligence Unit: Driving the Fight Against Money Laundering and Terrorist Financing

The Financial Intelligence Unit (FIU) of Trinidad and Tobago is playing a pivotal role in the country’s effort to combat money laundering, terrorist financing, and other financial crimes. The FIU’s goal is to strengthen the nation’s financial and business sectors by effectively detecting and deterring illicit activities.

Mr. Nigel Stoddard’s Leadership

  • Dynamic Director: Mr. Nigel Stoddard, a seasoned law enforcement professional, has led the FIU since January 2019.
  • Extensive Career: With over 22 years of experience, 18 of which are dedicated to combating money laundering and terrorist financing, Mr. Stoddard brings a wealth of knowledge to his role.

Exemplary Training

Mr. Stoddard’s training includes:

  • Metropolitan Detective Training School: United Kingdom
  • Caribbean Financial Action Task Force (CFATF)
  • US Department of Justice
  • Inter-American Committee against Terrorism (CICTE)
  • Financial Action Task Force (FATF) Recommendations Assessments as a Law Enforcement Expert

Representing Trinidad and Tobago

  • AML/CFT meetings and seminars: Mr. Stoddard represents Trinidad and Tobago at numerous international events.
  • Prolific presenter: He is a frequent presenter on topics related to money laundering and terrorist financing.

Training and Compliance

At the FIU, Mr. Stoddard oversees a team that provides training for non-regulated financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) on the AML/CFT regime. He also leads on-site compliance examinations to ensure their adherence to the regulations.

Strengthening Trinidad and Tobago’s Financial Sector

under The FIU’s Mission:

  • Collaboration: FIU cooperates with local law enforcement, regulators, and international partners.
  • Safe and stable environment: The goal is to create a safe and stable financial, social, and economic environment.

With Mr. Stoddard’s expertise and commitment, the FIU is well-equipped to maintain a robust financial sector in Trinidad and Tobago, free from money laundering, terrorist financing, and other financial crimes.