Home - Financial Intelligence Agency (FIA) Turks and Caicos

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In accordance with the Financial Intelligence Agency Ordinance Cap 3.20. The Financial Intelligence Agency (FIA) is an independent agency to receive reports of suspicious transactions from financial institutions and other persons; to gather, store analyse and disseminate information to law enforcement authorities and relevant bodies; and for connected purposes. Read more…

FIA releases Cyber Enabled Cheque Fraud Alert

Aug 6, 2024: The FIA has observed an increase in suspicious activity/suspicious transaction reports (SARs/STRs) related to cyber-enabled cheque fraud scams, particularly involving the use of email correspondence to deceive online users in the Turks and Caicos Islands. To address this emerging trend and mitigate the potential loss of funds, the FIA has issued its second Alert for 2024. This alert provides information to help you identify such scams and offers tips on how individuals can safeguard themselves against such threats.

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Mar 2024: FIA-TCI attends UK OTs Sanctions Forum

Mar 2024: FIA-TCI attends UK OTs Sanctions Forum.

The UK, Overseas Territories (OTs) and Crown Dependencies (CDs) Sanctions Forum 2024 was held during the week commencing March 4th 2024 in London, UK. Graciously hosted by the Foreign, Commonwealth and Development Office (FCDO), His Majesty’s Treasury (HMT) and the Office of Financial Sanctions Implementation (OFSI). The forum provided an opportunity for collaboration and education regarding the UK, OTs and CDs sanctions regimes. The Financial Intelligence Agency (FIA-TCI) was represented by its Director, Mr. Dwayne Baker who formed part of the TCI delegation consisting of representatives from the Governor’s Office, the Attorney General’s Chambers, the Financial Services Commission, and the National Anti-Money Laundering Coordinator. The TCI continues its work to enhance and build capacity in its sanctions regime through such engagements as a responsible and committed partner in combating sanctions evasion.

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Sep 2023: FIA-TCI amends its SAR/STR Form.

Important Update: The Financial Intelligence Agency (FIA) has made enhancements to its Suspicious Activity Report / Suspicious Transaction Report (SAR/STR) form, effective as of September 4th, 2023. Reporting entities are strongly encouraged to download and use this updated version for all future submissions. To assist you further, we've also made available the SAR Guidance Document v2.2 (Amended 2023) . It contains valuable insights, sector-specific indicators, and guidance notes to support you in completing and submitting suspicious activity reports effectively to the FIA.

Your commitment to transparency and financial security is greatly appreciated. Together, we can strengthen our efforts in combating financial crimes. Access the updated form and guidance document on the DOWNLOADS page of our website today.

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Egmont Group Plenary, United Arab Emirates

United Arab Emirates - July 3rd – 7th, 2023: The 29th Egmont Group Plenary and Working Groups meetings were held 03- 07 July 2023 at the St. Regis Saadiyat Island Resort in Abu Dhabi, United Arab Emirates. eetings of the various Egmont working groups and the Plenary were expertly facilitated by the Egmont Group Secretariat under the auspices of our gracious hosts the Financial Intelligence Unit of the UAE ....

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FIA-TCI launches its LinkedIn Page.

FIA TCI launches its LinkedIn Page

Aug 2023: The Financial Intelligence Agency (FIA) is now on LinkedIn. Stay connected with us for the latest updates, initiatives and insights into to the work of the FIA as we continue to uphold financial transparency and aid in the fight against money laundering and terrorist financing.. Follow our page to join the conversation and stay informed about our efforts to combat financial crimes and ensure transparency. Connect with us today! #FIA #FinancialIntelligence #LinkedInDebut #StayConnected"

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Director Baker participates in the 6th AMLFC Institute Conference/ 8th Compliance Aid AMLFC Prevention Conference.

Director Baker participates in the 6th AMLFC Institute / 8th Compliance Aid AMLFC Prevention Conference.

April 12th – 14th, 2023: Director of the Financial Intelligence Agency Mr. Dwayne Baker, CAMS participated in the 6th Anti Money Laundering Financial Crimes (AMLFC) Institute Conference, and the 8th Compliance Aid Anti Money Laundering and Financial Crimes Prevention Conference.

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TCI publishes 3rd Enhanced Follow Up Report

TCI publishes its 3rd Enhanced Follow Up Report & Technical Compliance Re Rating

Providenciales, TCI - Dec 20, 2022 The Turks and Caicos Islands (FIA-TCI) publishes its 3rd Enhanced Follow Up Report & Technical Compliance Re Rating subsequent to re ratings at the 55th Caribbean Financial Action Task Force (CFATF) Plenary held in Grand Cayman, Cayman Islands in Nov 2022.

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FIA signs MoUs with Haiti and Guyana

Georgetown, Cayman Islands - Nov 29, 2022 The Financial Intelligence Agency of the Turks and Caicos Islands (FIA-TCI) at the 55th Caribbean Financial Action Task Force (CFATF) Plenary held in Grand Cayman, Cayman Islands signed memoranda of understanding with the Republic of Haiti, and the Cooperative Republic of Guyana.

July 2024 – ALERT!! – Emerging Typology –Cyber-enabled Cheque Fraud Scam. The Financial Intelligence Agency of the Turks and Caicos Islands ‘the FIA-TCI’ has observed an increase in suspicious activity/suspicious transaction reports (SARs/STRs) related to cyber-enabled cheque fraud scams, particularly involving the use of email correspondence to deceive online users in the Turks and Caicos Islands. To address this emerging trend and mitigate the potential loss of funds, the FIA has issued its second Alert for 2024. This alert provides information to help you identify such scams and offers tips on how individuals can safeguard themselves against such threats.

Click here for more…

The FIA completed its 2023/24 round of Outreach and Awareness sessions during the period March – April 2024. Reporting entities attended sessions designed to ensure that they continue to be aware of their obligations to report all suspicious and attempted transactions to the FIA. This is part of the FIA’s continued and annual attempt to alleviate money laundering, terrorist financing and all other associated crimes. Reporting entities are encouraged to contact administration@fia.tc if they are interested in arranging upcoming sessions and have any further questions. We also do look forward to more attendance at our 2024/25 AML CFT Outreach & Awareness sessions.

The FIA is mandated to receive, store, analyse and disseminate intelligence related to suspected money laundering, terrorist financing and proliferation financing (ML/TF/PF). As such, all financial institutions, including DNFBPs and NPOs, are obligated to report all attempted and completed suspicious transactions to the FIA. These reports contribute to the continued efforts to deter acts of money laundering, terrorist and proliferation financing and all their associated crimes within the TCI. The FIA provides the number of SARs/STRs reported to the organisation for the fiscal years 2016/17 to 2020/21. Click here for more…

Sanction Orders within the TCI are mainly derived from those issued by the UN and the EU. They are enacted domestically to give them the force of law in the TCI. The Governor is the competent authority in the TCI for the implementation of targeted financial sanctions. The Governor has delegated some of the functions for financial sanctions to the Attorney General’s Chambers (AGC). Sanction notices can be viewed on the Office of the Attorney General’s website. For the latest sanction notices, click here for more info…

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