Administration Analysis Information Technology (IT) Investigation Intelligence Gathering Research Education Outreach
What are some of the jobs/ roles of staff in the FIA? Read More »
Administration Analysis Information Technology (IT) Investigation Intelligence Gathering Research Education Outreach
Outreach and Awareness to reporting entities Active participation in regional and International bodies regarding AML/CFT.
What else does the FIA do? Read More »
Outreach and Awareness to reporting entities Active participation in regional and International bodies regarding AML/CFT.
Proceeds of Crime Ordinance 2007 Financial Intelligence Agency Ordinance 2014 Proceeds of Crime (Amendment) Ordinance 2014 Prevention of Terrorism Ordinance 2014 There are also Codes, Regulations and Guidelines namely the: Anti-Money laundering and Prevention of Terrorist Financing Regulations 2010 Anti-Money laundering and Prevention of Terrorist Financing Code 2011, Non-Profit Organisations Regulations 2013.
What laws are relevant to the FIA? Read More »
Proceeds of Crime Ordinance 2007 Financial Intelligence Agency Ordinance 2014 Proceeds of Crime (Amendment) Ordinance 2014 Prevention of Terrorism Ordinance 2014 There are also Codes, Regulations and Guidelines namely the: Anti-Money laundering and Prevention of Terrorist Financing Regulations 2010 Anti-Money laundering and Prevention of Terrorist Financing Code 2011, Non-Profit Organisations Regulations 2013.
To comply with international standards, particularly the Financial Action Task Force – FATF 40 recommendations. The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction. Countries have diverse legal, administrative
Why is it necessary to have a FIU? Read More »
To comply with international standards, particularly the Financial Action Task Force – FATF 40 recommendations. The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction. Countries have diverse legal, administrative
Formerly Administrative/Law enforcement hybrid meaning that the unit received, analysed and disseminated SAR/STRs in addition to the carrying out of criminal investigations arising from Money Laundering/ Terrorist Financing activities. Since the passage of the FIA Ordinance in June 2014 and its assent on 17th October 2014 the FIU, now called the Financial Intelligence Agency of
What Type of FIU is FIA-TCI? Read More »
Formerly Administrative/Law enforcement hybrid meaning that the unit received, analysed and disseminated SAR/STRs in addition to the carrying out of criminal investigations arising from Money Laundering/ Terrorist Financing activities. Since the passage of the FIA Ordinance in June 2014 and its assent on 17th October 2014 the FIU, now called the Financial Intelligence Agency of
It is the national agency responsible for the receipt, analysis and dissemination of intelligence relating to Anti Money Laundering and Combating the Financing of Terrorism AML/CFT. TCI signatory to international conventions to prevent money laundering and terrorist financing. Protection of the Financial Systems – There are international sanctions and penalties for countries which do not
What is the FIA’s purpose? Read More »
It is the national agency responsible for the receipt, analysis and dissemination of intelligence relating to Anti Money Laundering and Combating the Financing of Terrorism AML/CFT. TCI signatory to international conventions to prevent money laundering and terrorist financing. Protection of the Financial Systems – There are international sanctions and penalties for countries which do not
A FIU was established in the TCI in January 2000. Its functions were initially carried out by the Financial Services Commission (FSC) until 2007 when its functions were transferred to the FCU of the RTCIPF.
When was the FIU established in the Turks and Caicos Islands? Read More »
A FIU was established in the TCI in January 2000. Its functions were initially carried out by the Financial Services Commission (FSC) until 2007 when its functions were transferred to the FCU of the RTCIPF.
Financial Intelligence Agency (FIA) serves as the Financial Intelligence Unit (FIU) for the Turks and Caicos Islands (TCI) and is one of more than 150 FIUs making up the Egmont Group.