Financial Crime World

Here is the converted article in markdown format:

Turks and Caicos Islands Financial Intelligence Unit (TCIFIU) Annual Report 2013

The TCIFIU annual report for 2013 provides an overview of the unit’s activities, achievements, and challenges during that year. Here are some key points from the report.

International Requests

  • The TCIFIU received 35 international requests for information, out of which 25 were satisfied.
  • 9 requests remain outstanding due to delays in receiving the requested information locally.

Memoranda of Understanding (MoUs)

The TCIFIU finalized and signed two MoUs with:

  • Financial Investigations Division, Jamaica
  • Financial Intelligence Unit, St. Maarten

These MoUs were signed on November 19, 2013, during the Caribbean Financial Action Task Force (CFATF) 38th Plenary.

Staff and Training

There were no changes in staff numbers during the period under review. Staff received training in Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) from:

  • A cash courier’s workshop hosted by the Financial Intelligence Division, Jamaica
  • Two weeks of financial investigations training from the Royal Anguilla Police Force
  • A one-day seminar on anti-money laundering compliance hosted by KPMG

Outreach and Awareness

The TCIFIU increased its outreach and awareness activities in 2013. The unit participated in several workshops and seminars, including:

  • Financial Services Commission (FSC) AML Conference
  • Newspapers editorial on anti-money laundering awareness
  • PTV8 - On your Mind talk show
  • KPMG Anti-Money Laundering Compliance in Practice seminar
  • Captive Insurance Conference

Contact Information

The TCIFIU’s contact details are: