Caught in this cross fire of the international drug trafficking network, financial regulators have an important stake in Trinidad and Tobago’s efforts to make it even more difficult for organized criminal groups to move money through our financial system.
Some of you may be aware that, in January 2015, Trinidad and Tobago will be the first Caribbean jurisdiction to undergo the Fourth Round Mutual Evaluation utilizing the revised Financial Action Task Force’s (FATF) Forty Recommendations. In this regard, Trinidad and Tobago is inter alia required to demonstrate cooperation and coordination among all stakeholders at the national level.