FIU

FIB: $100 bill changeover hurting criminals

The head of the Police Service’s Financial Investigative Branch (FIB) believes the current efforts to change T&T's cotton based $100 bills to polymer notes, would put a major dent in those engaging in criminal activity, seeking ways to wash their money clean.

Superintendent Wendell Lucas has confirmed that there has been an increase of suspicious and even counterfeit money going into circulation, since the exercise began last week.

Devant Maharaj: Only big business will benefit from marijuana bill

Former government minister, Devant Maharaj, believes only big business will benefit from new legislation to de-criminalise marijuana in this country.

According to Devant Maharaj, the government’s move is less focussed easing up the justice system and restorative justice for urban youth, and more about facilitating big business.

His comments come in light of revelations that relatives of the Attorney General’s wife have registered a company, which appears to want to be involved in the cannabis business.

FIU: Assets of 96 people frozen in 4-year period

From 2015 to March 2019, al­most 100 peo­ple and groups have been added to the state’s con­sol­i­dat­ed list of ter­ror­ists whose as­sets in lo­cal fi­nan­cial in­sti­tu­tions were or­dered to be frozen.

The list, which in­cludes 96 peo­ple and groups as of March 25, 2019, al­so or­ders lo­cal banks not to do any busi­ness with those peo­ple and en­ti­ties.

The lat­est ad­di­tion to the list was the Pak­istan-based Tariq Gi­dar Group by a High Court or­der on March 25.

T&T, El Salvador sign MOU on financial intelligence-sharing

The Directors of the Financial Intelligence Units (FIU) of El Salvador and Trinidad and Tobago have executed a Memorandum of Understanding (MOU) to establish a framework to facilitate the timely exchange of information and intelligence that is reasonably considered relevant to the investigation of a money laundering or financing of terrorism case.

The MOU was executed at the Caribbean Financial Action Task Fork (CFATF) XLVIII Plenary held during November 19-23, 2018 in Bridgetown, Barbados.

PM writes COP, FIU requesting investigation into Moonilal's claims

Prime Minister Dr Keith Rowley today sent correspondence to the Commissioner of Police, Gary Griffith and the Director of the Financial Intelligence Unit, Susan Francois requesting an investigation into the allegations of criminal conduct made against him and other persons by Member of Parliament for Oropouche East, Dr Roodal Moonilal in Parliament on Tuesday 09 October, 2018.

This was confirmed by the Office of the Prime Minister in a media release Thursday afternoon.

US donates data-collection equipment to FIU

U.S. Embassy-donated computer equipment will soon allow the Financial Intelligence Unit (FIU) of Trinidad and Tobago to accept electronic reports on suspicious transactions from financial institutions and other entities under the FIU’s jurisdiction.

The donation was made through the Caribbean Basin Security Initiative, utilizing funding from the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs.

FIU denies news article that it cleared Sealots man's purchase of Range Rover

The Financial Intelligence Unit (FIU) has denied providing information to the Newsday newspaper, claiming that a cleared a Sealots man of any suspicious transaction in the purchase of a Range Rover vehicle.

The article appeared on the Newsday's website today.

The FIU issued the following statement on the matter.