Two suspicious insider trading transactions totalling $5.6 billion were reported to the Financial Intelligence Unit (FIU) during 2018 and represent the highest overall monetary value from among the 331 Suspicious Transaction Reports (STRs) submitted.
This is according to the unit’s annual report, which was submitted to Minister of Finance Winston Jordan on Monday. The document, which is the first to be submitted since 2014, is yet to be made public. A copy was obtained by Stabroek News. No details were provided in the report on the insider trading transactions and there is no information on whether they were investigated.
The report describes a suspicious transaction as any transaction in which there is reasonable ground to suspect that that transaction is related to a money laundering or a terrorist financing activity or serious offence.