03/06/2026
The Turks and Caicos Islands plays leading roles in the 62nd Plenary and Working Group meetings of the Caribbean Financial Action Task Force (CFATF)
The Hon. Rhondalee Braithwaite Knowles OBE KC, Attorney General and Chair of the Turks and Caicos Islands’ Anti-Money Laundering Committee, led a delegation to the 62nd Caribbean Financial Action Task Force (CFATF) Plenary and Working Group meetings held in Trinidad from 24-28 May 2026. The delegation comprised of representatives from several competent authorities across the Turks and Caicos Islands responsible for the TCI’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework. The delegation included officers from the Royal Turks and Caicos Islands Police Force, the Border Force, the Turks and Caicos Islands Financial Services Commission, the Financial Intelligence Agency, the Office of the Director of Public Prosecutions, the Attorney General’s Chambers and the Anti-Money Laundering Committee Secretariat.
The Turks and Caicos Islands is currently the Deputy Chair of the CFATF, represented by the Attorney General. The CFATF is the Financial Action Task Force (FATF) Style Regional Body for the Caribbean. The CFATF comprises 24 member countries12 and is an inter-governmental body that coordinates the assessment of all member countries’ compliance with the FATF 40 Recommendations. The FATF Recommendations provide a comprehensive framework of measures to help countries tackle illicit financial flows. These include a robust framework of laws, regulations and operational measures to ensure national authorities can take effective action to detect and disrupt financial flows that fuel crime and terrorism, and punish those responsible for illegal activity3.
The Plenary and Working Group Meetings focused extensively on regional and international AML/CFT developments, including ongoing discussions on lessons learnt from the Fourth Round of Mutual Evaluations as member states transition into the Fifth Round assessment process under the FATF Methodology. The CFATF also approved a procedure to address unintended consequences as it relates to non-profit organization.
Particular attention is being placed on enhancing effectiveness ratings, strengthening institutional coordination, improving beneficial ownership transparency, increasing the use of financial intelligence, and advancing asset recovery and confiscation frameworks across the region.
The Turks and Caicos Islands is scheduled to be assessed again in 2028 as part of its continued efforts to demonstrate technical compliance and effectiveness under the FATF standards.
The delegation participated in several technical working groups addressing mutual evaluations, compliance monitoring, regional ML/TF typologies, operational cooperation, and technical assistance initiatives aimed at strengthening regional capacity to detect, investigate, prosecute, and deter financial crimes.
The Turks and Caicos Islands recently held Standards Training for over 80 officials from across the public sector. The Turks and Caicos Islands is scheduled to host the 63rd CFATF Plenary in November 2026, bringing together regional and international experts. Officials from the Turks and Caicos Islands are also currently leading members of two regional project teams which are undertaking work to assess the risks associated with virtual assets and separately terrorism financing within the Caribbean region.
The Hon. Rhondalee Braithwaite Knowles OBE KC, said, “the active participation and engagement of key stakeholder agencies and departments from across the Turks and Caicos Islands in regional initiatives like the CFATF is in line with the Government’s high-level commitment to ensure that our financial systems are being reviewed and updated in line with international standards. As Deputy Chair, the TCI is a leading voice regionally in ensuring sustained, effective compliance. These activities help to keep officials aware of current trends and actions being undertaken by other countries to protect their systems from the scourges of illicit finance.”
PHOTO 1: L-R Dr. Angela Brooks, Michael Francois, William Lightbourne, Carol Lawrence, Hon. Rhondalee Braithwaite Knowles OBE KC, Shayone Handfield Gardiner, Paulin Nemours, Randy Ellis, Kerry Lucio, and Tamiko, Smith.
END