Daily Archive for October 8th, 2009

Questions over Financial Intelligence Unit Bill

Neswday Editorial
Thursday, October 8 2009
www.trinidadandtobagonews.com/blog

Financial Intelligence Unit (FIU) Bill 2009WE congratulate the Independent and Opposition Senators for exposing the potential pitfalls of the Financial Intelligence Unit (FIU) Bill 2009 debated in the Senate on Tuesday, but we wonder whether the Government made sufficient concessions to their concerns.

This stringent Bill sets up the FIU with sweeping powers to investigate any business activity deemed “suspicious,” with hefty fines of up to $1 million and imprisonment for up to three years for someone refusing to disclose information.
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