Financial Intelligence Agency (FIA)
The Turks and Caicos Islands' financial intelligence agency. It receives, analyses, and disseminates suspicious activity reports to law enforcement and competent authorities.
Americas · Country coverage
AML/CTF Compliance in the Turks and Caicos Islands
The Turks and Caicos Islands regulate AML/CTF through their Financial Intelligence Agency under the Proceeds of Crime Ordinance. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for the Turks and Caicos Islands
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Intelligence Agency (FIA)
FATF statusCFATF member
Primary legislationProceeds of Crime Ordinance
Overview
AML/CTF compliance in the Turks and Caicos Islands.
The Turks and Caicos Islands regulate money laundering and terrorist financing through the Proceeds of Crime Ordinance, supported by their Financial Intelligence Agency, which receives and analyses suspicious activity reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FIA, alongside supervision from the Financial Services Commission. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Proceeds of Crime Ordinance
The core of the Turks and Caicos Islands' AML framework, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other regulated entities.
Financial Services Commission
The FSC supervises banks and other licensed financial institutions for AML/CTF compliance, working alongside the FIA.
CFATF membership
The Turks and Caicos Islands are a member of the Caribbean Financial Action Task Force, a FATF-style regional body, and align their regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious activity to the FIA
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in the Turks and Caicos Islands?
The Financial Intelligence Agency (FIA) receives and analyses suspicious activity reports, while the Financial Services Commission supervises banks and other licensed financial institutions for AML/CTF compliance.
What is the main AML law in the Turks and Caicos Islands?
The Proceeds of Crime Ordinance sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in the Turks and Caicos Islands.
Are the Turks and Caicos Islands a member of FATF?
The Turks and Caicos Islands are a member of CFATF, the FATF-style regional body for the Caribbean, and align their AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in the Turks and Caicos Islands?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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