The Financial Intelligence Unit (FIU) receives the SAR/STR and analyses it. If there is a criminal offence the FIU prepares an Intelligence Report (IR) and forwards it to the Fraud Squad or the Financial Investigative Branch (FIB) of the Trinidad and Tobago Police Service (TTPS) or the Anti-Corruption Unit of the TTPS.
An investigation is then launched based on the intelligence contained in the Intelligence Report. The FIU is supposed to “sanitize” the information by removing names of reporting employee and the Compliance Officer.
Fraud Squad, Financial Investigative Branch , or the Anti-Corruption Investigative Branch (ACIB) will start visiting the premises of the suspect, asking questions, looking for witnesses, providing the DPP with information in order to receive instructions to start preparing charges.
FIU may be asked for additional information such as any other SARs/STRs reported in the past.
About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.
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Consultation fee is $300 TTD per hour.
I am a Certified Professional in the following areas:
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