Strs Sars News Today

THE Financial Intelligence Unit of Trinidad and Tobago (FIUTT), during September 2022 and September 2023, received a total of 950 suspicious transaction reports (STRs) or suspicious activity reports (SARs) which

Hamid Al Zaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (EO AMLCTF), revealed that the UAE confiscated more than AED 1.3 billion ($356 million) from March until mid-July. In a statement to the Emirates News Agency (WAM), Al Zaabi said that the UAE continues to prioritize international cooperation to monitor money laundering and terrorist financing. “We look forward to continuing our positive progress in the second half of the year.&quot...

 Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows signif

Summary - In June 2023, the Financial Action Task Force (FATF) issued a report addressing the progress made by the UAE in improving its level of compliance with the FATF...

Accountants must remain vigilant and act swiftly to report suspicious financial activity and prevent human trafficking. There are red flags to look out for, warns one financial intelligence unit.

The Financial Intelligence Unit of Trinidad and Tobago (FIUTT) last year flagged more than one billion dollars (One TT dollar=US$0.16 cents)

FINANCE Minister Colm Imbert said the Financial Intelligence Unit (FIU) reported a total of 958 suspicious transaction reports/suspicious activity reports (STRs/SARs) at the end of September 2022, with a total monetary value of $1,937,211,057. The activities related to these reports were tax evasion, fraud, money laundering and drug trafficking. While there was general compliance local

FIU: Put limit on cash transactions by 20210417 The change over in the $100 notes from cot­ton to poly­mer led to a huge in­crease in the amount of sus­pi­cious trans­ac­tions re­port­ed to the Fi­nan­cial In­tel­li­gence Unit of Trinidad and To­ba­go (FI­UTT) and shows the need for changes in the leg­is­la­tion to lim­it cash trans­ac­tions. Act­ing Di­rec­tor of the Fi­nan­cial In­tel­li­gence Unit’s Nigel Stod­dard said in the FI­UTT An­nu­al Re­port tha...

Financial Intelligence Unit red flags $27b in suspect crimes Finance Minister Colm Imbert. - IN 2020 alone, while TT and the rest of the world were in an economic crisis caused by the covid19 pandemic, the Financial Intelligence Unit (FIU) noted 1,831 suspicious transactions in this country, reflecting a movement of $27 billion from suspect criminal activities such as tax evasion, fraud and drug trafficking. In laying the Financial Intelligence Unit (FIU) 2020 report in the House of Representa...