The Trinidad and Tobago Financial Unit (FIU) has reported that 182 T&T nationals may be involved in financing the activities of terrorist organizations such as the Islamic State (ISIS).
This was disclosed by Minister in the Ministry of Attorney General Stuart Young who told a post-Cabinet new conference for 2016 at the Office of the Prime Minister that the FIU has picked up Suspicious Transactions Reports (STRs) and Suspicious Activity Reports (SARs) that approximately 182 T&T citizens are suspected to be involved in the financing of terrorists activities.
He said the total monetary value of the 739 STRs submitted to the FIU for 2016 was $ 805. 5 million (US$120 million) and this represented a 127 percent increase in the STR submissions to the FIU in 2015.
He explained that the STRS and SAR’s could involve banks, financial institutions, private members club, attorneys and real estate agents.
Young said the focus is on, “certain countries in the Middle East and near to the Middle East.”
The minister said local law enforcement agencies have been collaborating with their international partners who have better global monitoring policies, information and intelligence gathering.
Young said the Financial Intelligence Bureau of The Police Service has been, “conducting a number of criminal investigations into some of these transactions…especially some related to the financing of terrorism and other white collar crime.”