The passage of the three key pieces of anti-money laundering legislation in October 2009 – the Proceeds of Crime Amendment Act, the Financial Intelligence Unit of Trinidad and Tobago Act and the Financial Obligations Regulations – is intended to serve as a catalyst for a major upgrade of the country’s AML systems.
This legislative package has brought Trinidad and Tobago more in line with FATF’s 40 + 9 recommendations for Anti-Money Laundering and the Combating of the Financing of Terrorism (AML/CFT). One of the key  2  BIS Review 4/2010  provisions of the new legislation is the establishment of the Financial Intelligence Unit.