Reports in sections of the Trinidad and Tobago media earlier this week assert that the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) tagged a total of 1,831 procedures deemed to have fallen into the realm of Suspicious Transaction and Suspicious Activity and that these were reportedly worth some TT$27 billion. The transactions are said to have occurred over 2019 to 2020.
What is reportedly the highest number of such transactions chalked up by the country’s FIU in its ten-year history is being attributed to, among other things, “increased fraudulent activity” including occurrences “resulting from the COVID-19 pandemic and demonitisation of now out-of-circulation T&T $100 notes.”
