The Ministry of Labour, Small and Micro Enterprise Development (MOLSMED) through its Commissioner for Co-operative Development (CCD), Co-operative Development Division (CDD) has formally signed a renewed Memorandum of Understanding (MOU) with the Financial Intelligence Unit of Trinidad and Tobago (FIUTT).

The MOU signing took place on Wednesday 1st April, 2026, at the FIUTT office, Level 25, Tower D, International Waterfront Complex and aims to reinforce a commitment to enhanced collaboration in the supervision and regulation of the Credit Union sector.

This updated MOU builds on the agreement signed on 5th July, 2021 and signals a shift toward deeper, more active collaboration between the two supervisory authorities. It establishes a framework for the effective exchange of information and coordination, enabling both institutions to more effectively carry out their respective mandates.