T&T makes strides against money laundering, terrorism

PORT OF SPAIN, Trinidad, Guardian - Trinidad and Tobago has obtained further endorsement and recognition for its fight against money laundering and the financing of terrorism by its entry on July 3 into the Egmont Group of Financial Intelligence Units (FIUs), a release from Finance and the Economy Minister Larry Howai said yesterday.
The minister said this latest recognition confirms the significant strides that have been made by the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) in taking on the scourge of money laundering, terrorist financing and other forms of corruption. “The primary mission of the Egmont Group is to improve co-operation in the fight against money laundering and financing of terrorism and to foster the implementation of domestic programmes through dedicated support,” Howai said.

T&T’s admission into the Egmont Group gives international recognition to the FIUTT and will facilitate the exchange of information among 138 international FIUs, as well as provide training opportunities and support for the FIUTT.