PORT-OF-SPAIN, Trinidad – The FIUTT supervises and monitors over 5,000 entities, spanning 15 diverse sectors, to ensure adherence to AML/CFT/CPF regulations. The risk-based approach in its supervisory efforts, allows for the efficient allocation of resources by prioritising higher-risk entities over those assessed as lower risk.
The business activities supervised by the FIUTT are defined in the First Schedule of the POCA, Section 2(1) of the FIUTTA, and Section 4(1)(a) of the NPO Act, establishing the obligations of these entities.
Included in the FIUTT’s AML/CFT/CPF supervision, are two specific categories of entities: E-Money Issuers (EMis), categorised within the Money or Value Transfer Services (MVTS) sector, and Non Profit Organisations (NPOs), only those with The FIUTT supervises and monitors over 5,000 entities, spanning 15 diverse sectors, to ensure adherence to AML/CFT/CPF regulations.
The risk-based approach in its supervisory efforts, allows for the efficient allocation of resources by prioritising higher-risk entities over those assessed as lower risk.