Tax evasion cases jump 79% in Trinidad and Tobago

Pedro Gonçalves
Tax evasion cases jump 79% in Trinidad and Tobago

Trinidad and Tobago has seen a 79% surge in tax evasion cases last year, according to the jurisdiction's Financial Intelligence Unit (FIU). The FIU, received 134 reports of tax evasion valued at TTD$697m and 286 reports of money laundering valued at TTD$329m. Overall, the FIU recorded 1,019 suspicious transactions valued at TTD$1.7bn (£190m) for 2019, according to the latest figures first reported by local news outlet Daily Express. The FIU is a specialised, intelligence-gathering unit ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?