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Trinidad and Tobago’s Financial Intelligence Unit Enforces Sanctions with Ease

Port of Spain, Trinidad and Tobago - The Financial Intelligence Unit of Trinidad and Tobago (FIUTT) has been effectively detecting and deterring money laundering and financing of terrorism since its inception in 2010. As the primary institution for collecting financial intelligence and information, the FIUTT plays a crucial role in maintaining a safe and stable financial environment.

International Cooperation

As a member of the Egmont Group of Financial Intelligence Units (FIUs), the FIUTT is able to exchange financial intelligence with other members and engage in international cooperation to combat money laundering and terrorist financing. The unit’s specialized analytical functions are separate from investigative functions, which are carried out by Law Enforcement Authorities.

Core Functions

The FIUTT’s core functions include:

  • Receiving and analyzing Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs)
  • Disseminating intelligence reports to law enforcement authorities
  • Exchanging financial intelligence with international partners
  • Monitoring developments in money laundering and terrorist financing techniques

Enforcement of Anti-Money Laundering and Counter-Terrorism Financing Regulations

The FIUTT plays a key role in enforcing anti-money laundering and counter-terrorism financing (AML/CFT) regulations, including:

  • Conducting on-site examinations and desk-based reviews
  • Outreach and awareness programs to ensure compliance among listed businesses and non-regulated financial institutions
  • Imposing administrative sanctions for breaches of AML/CFT obligations

Maintaining a Consolidated List of High Court Orders (Terrorist Financing Sanctions List)

The FIUTT is responsible for maintaining a Consolidated List of High Court Orders (Terrorist Financing Sanctions List) and circulating it to all financial institutions and listed businesses in Trinidad and Tobago.

Annual Reports

The FIUTT’s efforts have been recognized through its annual reports, which provide valuable insights into trends, patterns, and typologies of money laundering and terrorist financing. The unit’s commitment to enforcing sanctions has contributed significantly to the country’s efforts to combat financial crimes.

Contact Information

  • Address: Level 25, Tower D International Waterfront Complex 1A Wrightson Road Port-Of-Spain Trinidad, West Indies
  • Telephone: (868) 612-4FIU (4348)
  • Fax: (868) 627-7018
  • Email: fiutt@gov.tt
  • Website: http://www.fiu.gov.tt