Government of the Republic of Trinidad and Tobago

Category: Financial Intelligence Unit

Media Release – A Summary by the Minister of Finance, Hon. Colm Imbert, MP, of the Annual Report of the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) for the year ended September 30, 2024

By Financial Intelligence Unit, FIUTT Annual Reports, Ministry of Finance, News, Reports, ,

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…

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Media Release: The FIUTT does not act without Lawful Cause

By Financial Intelligence Unit, Media Release, News, ,

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,…

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Financial Intelligence Unit of Trinidad and Tobago (FIUTT) 2022 Annual Report

By Financial Intelligence Unit, FIUTT Annual Reports, Ministry of Finance, News, Reports, ,

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.

Statement by the Honourable Colm Imbert, Minister of Finance on the Annual Report of the FIU for the year ended September 30, 2022 in the 13th Sitting of the House of Representatives 3rd Session – 12th Republican Parliament Monday 23 January, 2023

By Financial Intelligence Unit, Ministry of Finance, News, Reports, Speeches,

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…

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Financial Intelligence Unit of Trinidad and Tobago (FIUTT) 2021 Annual Report

By Financial Intelligence Unit, FIUTT Annual Reports, News, Reports, ,

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.

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

By Financial Intelligence Unit, News,

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…

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FIUTTs Advisory on Romance Scams/Frauds

By Financial Intelligence Unit, News,

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…

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