PORT-OF-SPAIN, Trinidad – The Financial Intelligence Unit of Trinidad and Tobago (FIUTT) oversees more than 5,000 entities across 15 sectors to ensure compliance with Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF) regulations. By employing a risk-based supervisory approach, the FIUTT effectively allocates its resources, prioritizing higher-risk entities while addressing lower-risk ones.
The activities monitored by the FIUTT align with the First Schedule of the Proceeds of Crime Act (POCA), Section 2(1) of the Financial Intelligence Unit of Trinidad and Tobago Act (FIUTTA), and Section 4(1)(a) of the Non-Profit Organizations (NPO) Act, detailing the obligations of supervised entities.
Part of the FIUTT’s supervision involves two key categories: E-Money Issuers (EMIs), included in the Money or Value Transfer Services (MVTS) sector, and Non-Profit Organizations (NPOs), specifically those that fall under FIUTT’s regulatory framework.
