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Finance Minister Davendranath Tancoo says TT will soon have a strong legislative framework to address white collar crime with the passage of new legislation based on recommendations from the Financial Action Task Force (FATF).

Tancoo was speaking in Parliament on September 19 during the second reading of three bills he said would close legal loopholes and bring TT closer in compliance to FATF standards.

“TT will have a robust legislative framework to properly deal with proceeds of crime, including cross border activities and the kind of white collar crime that has already robbed this nation of billions of dollars, and destroyed thousands of lives.”