FIUTT: A Risk-Based Approach to Counter Proliferation Financing Risks
The FIUTT has released a Best Practices Paper to support financial institutions and listed businesses (Reporting Entities) in enhancing their compliance frameworks.
The FIUTT has released a Best Practices Paper to support financial institutions and listed businesses (Reporting Entities) in enhancing their compliance frameworks.
In accordance with Section 18 of the Financial Intelligence Unit of Trinidad and Tobago Act, Chap. 72:01, the Director of the FIUTT submitted to the Minister of Finance its Annual Report for 2024. This Report was laid in Parliament by the Minister, Hon. Colm Imbert, MP, on Wednesday, February 8, 2025. The following are some…
The FIUTT supervises and monitors over 5,000 entities, spanning 15 diverse sectors, to ensure adherence to AML/CFT/CPF regulations.
During this reporting period, the FIUTT continued to fulfil its responsibility as a national centre for the gathering, analysis and
dissemination of financial intelligence.
The Financial Intelligence Unit of Trinidad and Tobago (“the FIUTT”) has always applied diligence and reverence for the law in the utilization of it powers. The FIUTT therefore ensures that when requests are made to Financial Institutions and Listed Businesses for information, it has sufficient and lawful basis for doing such. Under the FIUTT Act,…
Amidst the challenges presented during the period under review 2021/2022, the FIUTT continued its operations to strengthen the AML/CFT/CPF regime of the country, in accordance with the Financial Intelligence Unit of Trinidad and Tobago Act, Chap. 72:01 (FIUTTA) and international standards.
Madam Speaker, I have been authorized by Cabinet to make the following Statement. I therefore thank you for the opportunity to deliver this Statement on the Annual Report of the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) for the year ended September 30, 2022. In accordance with Section 18 of the Financial Intelligence Unit…
Trinidad and Tobago has made substantial progress in rectifying the deficiencies identified in the 4th Round Mutual Evaluation Report. The country attained Compliant ratings in 26 recommendations, Largely Compliant ratings in 9 recommendations and Partially Compliant ratings in 4 recommendations.
The FIUTT has noticed cases whereby a fraudulent cheque, in particular a mailed-in cashier’s cheque, is credited to ahotel’s bank account for alleged bookings and subsequently the “issuer” of the cheque would contact the payee/hotelrequesting a partial or full refund of the cheque amount. The request for a partial or full refund is usually made…
The Financial Intelligence Unit of Trinidad and Tobago (“the FIUTT”) has noted from the onset of the COVID-19 pandemic, an increase in Romance Scams/Fraud. The FIUTT has recorded Suspicious Transaction/Activity Report submissions with approximately 100 suspected Romance Scam/Fraud victims. These Suspicious Transaction/Activity Reports represent a loss of over TTD 2.3 million to vulnerable citizens in 18…