At the start of the FY2023, elevated inflation and aggressive monetary policies in developed countries raised fears that these countries could not possibly avert a recession leading to a global downturn.
At the start of the financial year 2023, elevated inflation and aggressive monetary policies in developed countries raised fears that these countries could not possibly avert a recession leading to a global downturn.
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 Annual Report 2021 and the Audited Financial Statements for the period ending September 30, 2022 were presented to the Parliament in January 2022.
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.
The 2020 Annual Report and the Audited Financial Statements for the period ending September 30, 2020 were presented to the Parliament in January 2021. In addition, five (5) reports on withdrawals made under Section 15A of the HSF Act were laid in Parliament.
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 Annual Report 2019 and the Audited Financial Statements for the period ending September
30, 2019 were presented to the Parliament in January 2020.
In this year, Trinidad and Tobago was very successful in strengthening the Anti-Money Laundering, Countering the Financing of Terrorism and Countering Proliferation Financing (AML/CFT/CPF) regime.
Madam Speaker,I have been authorized by the Cabinet of Trinidad and Tobago to make the following Statement. Madam Speaker, I would like to 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, 2020. Video
