The Financial Intelligence Unit of Trinidad and Tobago (FIUTT) and the Inland Revenue Division (IRD) have formalised their commitment to enhanced collaboration in combatting money laundering, terrorism financing, proliferation financing, tax avoidance and other crimes through the signing of a 2026 Memorandum of Understanding (MOU).

The objective of the MOU is for both departments to collaborate within the provisions of their governing Acts, and to subsequently share information on their own motion or upon request. In this regard, the FIUTT Act provides for the FIUTT’s collection, analysis, dissemination and exchange of financial intelligence to law enforcement authorities (including the IRD), while the IRD will be responsible for investigations and prosecutions (civil, criminal, or administrative) under its legislative purview, as it relates to tax offences and Money Laundering (ML) matters.