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. The conference was held in Miami, USA at the Kimpton Epic Hotel. The Director made joint presentations on the following topics: “The New face of Sanctions obligations on Regulated Entities: Key risks and effect”; and “The Working Relationship: Financial Intelligence Units & Law Enforcement.” The Director also participated in the Regulators panel discussion which addressed current trends and expectations of regulated entities regarding anti money laundering and combating the financing of terrorism (AML/CFT). That session provided an opportunity for attendees to pose pressing questions directly to the regulators. The conferences focus on Anti-Money Laundering, Countering the Financing of Terrorism and Financial Crimes Prevention, and target regulated entities of the entire Caribbean basin.

December 20th 2022: The TCI has now achieved Compliant and Largely Compliant ratings on 35/40 of the FATF AML/CTF/CPF global standards following  the 55th Caribbean Financial Action Task Force (CFATF) Plenary held in Grand Cayman, Cayman Islands. Click HERE to view the report which is also available on our Downloads page.

November 29^th 2022: The Financial Intelligence Agency of the Turks and Caicos Islands (FIA-TCI) at the 55^th 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. The MoUs are aimed at enhancing cooperation between the respective countries in the sharing of financial intelligence relating to the combating of money laundering, terrorist financing and proliferation financing. These efforts are related to the Financial Action Task Force (FATF) recommendations on anti-money laundering (AML), Counter Terrorist Financing (CTF) and Counter Proliferation Financing (CPF). The TCI recognizes the FATF standards and seeks to be fully compliant with the recommendations.

In his remarks director of the FIA Mr. Dwayne Baker stated “It is important that we develop systems for the efficient and effective sharing of intelligence that fosters greater cooperation between our countries. This initiative aligns with the TCIG’s priorities aimed at Border Protection, National Security, Crime Prevention and abatement. The FIA-TCI looks forward to enhanced cooperation with our close neighbour Haiti, our regional counterpart Guyana and further afield as we seek to detect, disrupt and assist law enforcement in the pursuit of money laundering, terrorist financing and proliferation financing crimes which have the potential to cause harm to our economy, financial stability and ultimately our people.”
ENDS