- Trinidad and Tobago 3rd Enhanced Follow-up Report
- URGENT: Notice to Financial Institutions and Listed Businesses to freeze funds under the Anti-Terrorism Act 12:07
- Trinidad and Tobago 4th Round Mutual Evaluation Report
- Legal Notice - Financial Intelligence Unit of Trinidad and Tobago Enhanced Due Diligence Requirements Order 2016
- FIU ISSUES SCAM ALERT! - May 03, 2016 (click for details)
Enforcement Statistics up to December 31, 2017
1. Number of Entities subject to Enforcement by the Financial Intelligence Unit of Trinidad and Tobago
| Sector | Number of Entities subject to Enforcement |
|---|---|
| Attorney-at-Law | 8 |
| Accountant | 8 |
| Art Dealer | 17 |
| Cooperative Credit Unions | 194 |
| Gaming/Pool Betting | 5 |
| Jeweller | 47 |
| Motor Vehicle Sales | 134 |
| Private Members' Club | 85 |
| Real Estate | 95 |
| Trust and Company Service Provider | 5 |
| National Lotteries Online Betting Games | 1 |
| Money Value Trust Services | 0 |
| Other Financial Institutions | 47 |
| Postal Services | 1 |
| TOTAL | 647 |
2. Enforcement Action was initiated for breaches in four (4) categories of AML/CFT obligations.
| Type of Deficiency → | Failure to Register | Failure to Submit Quarterly Terrorist Property Report | Failure to Rectify Deficiencies Identified at a Compliance Exam | Failure to appoint and seek approval for a CO and ACO | TOTAL |
|---|---|---|---|---|---|
| Number of Entities → |
395 | 205 | 38 | 9 | 647 |
3. Response from Enforcement Action
(a) Positive Responses
| Type of Deficiency → | Failure to Register | Failure to Submit Quarterly Terrorist Property Report | Failure to Rectify Deficiencies Identified at a Compliance Exam | Failure to appoint and seek approval for a CO and ACO | TOTAL |
|---|---|---|---|---|---|
| Number of Entities → |
313 | 160 | 21 | 3 | 495 |
(b) Directives
One Hundred and Twenty-Six (126) entities were issued with Notices to appear for a FIU hearing pursuant to section 18H FIU Act. Eighty (80) Directives were issued in total. Thirty-Three (33) Directives have been issued for failure to register with the FIU and for AML deficiencies subsequent to a compliance examination. Forty-Seven (47) Directives were issued prior to the legislative amendment of the Financial Obligations Regulations in 2014 for failure to submit a Compliance Programme.
4. Court Orders Obtained
In the matter of an Application under Section 18(H) (8) of the Financial Intelligence Unit of Trinidad and Tobago Act
The Financial Intelligence Unit of Trinidad and Tobago (Claimant) vs Varona Limited (Defendant)
C. Aboud, James J
Date of Delivery – 06.09.2016
-
In the matter of an Application under Section 18(G) (8) of the Financial Intelligence Unit of Trinidad and Tobago Act
The Financial Intelligence Unit of Trinidad and Tobago (Claimant) v New World Members Club Limited (Defendant)
Dean-Armorer, Mira J
Date of Delivery – 08.05.2014
-
In the matter of an Application under Section 18(G) (8) of the Financial Intelligence Unit of Trinidad and Tobago Act
The Financial Intelligence Unit of Trinidad and Tobago (Claimant) v Jerry's Club Limited (Defendant)
Charles, Joan J
Date of Delivery – 10.06.2014
Contact Us
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International Waterfront Complex
1A Wrightson Road
Port of Spain
Trinidad, West Indies
Tel: 1(868) 625-8351
Fax: 1(868) 627-7018
Email: fiutt@gov.tt
FIU Compliance and Outreach: fiucompliance@gov.tt
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