Government of the Republic of Trinidad and Tobago

Annual Report on the operations of the Financial Intelligence Unit of Trinidad and Tobago 2020

In this year, Trinidad and Tobago was very successful in strengthening the Anti-Money Laundering, Countering the Financing of Terrorism and Countering Proliferation Financing (AML/CFT/CPF) regime. In particular, the enormous efforts made by all stakeholders working together to achieve Trinidad and Tobago’s removal from the Financial Action Task Force’s (FATF) “grey list”.

Further, due to Trinidad and Tobago being placed in the FATF ICRG process as a result of Trinidad and Tobago’s 4th Rd Mutual Evaluation Report with strategic deficiencies, the FIUTT was placed in Procedural Trigger 3 of the Support and Compliance Process for deficiencies cited in the Egmont Group’s Principles in the Exchange of Information document and FATF’s Recommendation 40. In January 2020, the Director (Ag.) attended the Egmont Working Groups and Committee Meetings and made representations, which resulted in the FIUTT successfully being removed from the process by the Egmont Membership, Support, and Compliance Working Group (MSCWG).