TCI Completes first national Risk assessment for Money laundering and Terrorist Financing

Turks and Caicos, May 31st 2017: Come June, TCI will complete its first Money Laundering and Terrorist Financing National Risk Assessment. Why it’s being done?  According to Attorney General Rhondalee Braithwaite Knowles, as a means of ensuring the TCI has the legal framework to prevent money laundering and combat terrorist financing.

The assessment is to be completed in alignment with recommendations put forward by the Financial Action Task Force (FATF) which assesses the country’s own money laundering and terrorist financing risks.

The initial phase commenced in October 2014, with a workshop which identified the approach to gathering supporting data.

Meanwhile, some fifty stakeholders and representatives from both the public and private sectors will convene for a two day workshop at the Blue Haven Resort in Providenciales on June 26th and 27th, with a closed half day workshop for policy makers on 28th June 2017.  World Bank experts Mrs. Emily Adeleke and Mr. Roberto Biel will lead the various workshop sessions.

The workshop will facilitate the making of comprehensive action plans to allow for a consistent approach to decrease the levels of risks, and strengthen controls and supervisory oversight in each sector.



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