T&T, El Salvador sign MOU on financial intelligence-sharing

The di­rec­tors of the Financial Intelligence Units (FIU) of El Sal­vador and Trinidad and To­ba­go have ex­e­cut­ed a Mem­o­ran­dum of Un­der­stand­ing (MOU) to es­tab­lish a frame­work to fa­cil­i­tate the time­ly ex­change of in­for­ma­tion and in­tel­li­gence that is rea­son­ably con­sid­ered rel­e­vant to the in­ves­ti­ga­tion of a mon­ey laun­der­ing or fi­nanc­ing of ter­ror­ism case.

The MOU was ex­e­cut­ed at the Caribbean Fi­nan­cial Ac­tion Task Fork (CFATF) XLVI­II Ple­nary held dur­ing No­vem­ber 19-23, 2018 in Bridgetown, Bar­ba­dos.

Un­der the MOU, each FIU can of­fer, spon­ta­neous­ly or up­on re­quest of the oth­er FIU, any in­for­ma­tion and in­tel­li­gence at its dis­pos­al that may be rel­e­vant to such an in­ves­ti­ga­tion to the ex­tent per­mit­ted by the laws of each coun­try and in ac­cor­dance with its poli­cies and pro­ce­dures.

Shared in­for­ma­tion can on­ly be used for in­tel­li­gence pur­pos­es.

In­for­ma­tion shar­ing amongst CFATF mem­bers is crit­i­cal in the com­bat­ting mon­ey laun­der­ing, as­so­ci­at­ed pred­i­cate of­fences and fi­nanc­ing of ter­ror­ism which be­ing transna­tion­al in na­ture can have an ac­tu­al or po­ten­tial im­pact across our na­tion­al bor­ders.

Con­se­quent­ly, the CFATF Sec­re­tari­at and the Heads of FIUs Fo­rum en­cour­age its mem­bers to en­ter in­to MOUs to fa­cil­i­tate the shar­ing of in­for­ma­tion and fur­ther­more to com­ply with the FATF Stan­dards.