Government of the Republic of Trinidad and Tobago

Category: Financial Intelligence Unit

Financial Intelligence Unit of Trinidad and Tobago (FIUTT) Advisory on Overpayment Scam/Fraud Alert

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…

NOTICE OF VACANCIES – FINANCIAL INTELLIGENCE UNIT OF TRINIDAD AND TOBAGO (FIUTT)

The Permanent Secretary, Ministry of Finance is inviting applications from suitably qualified persons, for employment, on contract, in the undermentioned positions, for a period of three (3) years in the Financial Intelligence Unit of Trinidad and Tobago (FIUTT): Compliance and Outreach Division, FIUTT• Director, Compliance and Outreach Analysis Division, FIUTT• Intelligence Research Specialist• Analyst• Business…

FIUTTs Advisory on Romance Scams/Frauds

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…

Public Notice – Financial Intelligence Unit of Trinidad and Tobago Change of Logo and Acronym “FIU” to “FIUTT”

In accordance with Section 7(a) of the Miscellaneous Provision (FATF Compliance) Act, No. 25 of 2020 (assented to on December 18, 2020), the Financial Intelligence Unit of Trinidad and Tobago Act, Chap.72:01 is amended at Sections 2(1) and 3 deleting the word “FIU” and replacing it with “FIUTT” which means the “Financial Intelligence Unit of…

JOINT MEDIA RELEASE -FINANCIAL SECTOR REGULATORS ON “PYRAMID SCHEMES” MARKETED IN TRINIDAD AND TOBAGO

The Financial System Regulatory Authorities: the Trinidad and Tobago Securities and Exchange Commission (TTSEC), the Financial Intelligence Unit of Trinidad and Tobago (FIU) and the Central Bank of Trinidad and Tobago (CBTT) are jointly issuing this Advisory to the public to be cautious about entering into ventures commonly referred to as “pyramid schemes”.