Financial Intelligence Unit – Overview
The Financial Intelligence Unit (FIU) of Turks and Caicos Islands is the Money laundering Reporting Authority (MLRA) which has been established under section 108 of the Proceeds of Crime Ordinance 2007. The day-to-day management of the MLRA role as the FIU has been delegated to the Head of the Financial Crime Unit of the Royal Turks and Caicos Islands Police Force pursuant to section 109 (5) of the Proceeds of Crime Ordinance 2007. One of its core function is to implement the anti-money laundering policies of the Financial Action Task Force (FATF) – an intergovernmental organization set up by the Group of Seven industrialized countries. The main objective of this Task Force is to develop and provide international policies to combat money laundering, terrorist financing and other financial crimes
Vision
Our vision is for the Turks and Caicos Islands to have strong and dynamic financial and business sectors that are free from money laundering, terrorist financing and other financial crimes.
Mission
To effectively investigate, detect, prosecute and deter money laundering, terrorist financing and other financial crimes in collaboration with local law enforcement agencies, regulators and international counterparts, thereby contributing towards a safe and stable financial and social economic environment.