Adopting a training program for AML/CFT – The Financial Obligation Regulations require Financial Institutions (FIs) and Listed Businesses (LBs) to make arrangements for the training of directors and all members of staff to equip them to perform their obligations under the AML/CFT legal framework and to understand the techniques for identifying any suspicious transactions or …
According to Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) laws in Trinidad and Tobago, each Financial Institution (FI) and Listed Business (LB), must have a Compliance Programme approved by the Board of Directors, to assist the organization and employees with being in compliance with those laws. The Compliance Programme is meant to …
According to a recent newspaper report, the Financial Intelligence Unit of Trinidad and Tobago received 1,831 suspicious transaction / suspicious activity reports worth $27Billion for the period 2019-2020. Trinidad and Tobago is a major trade and financial centre in the Caribbean region and its proximity to South America provides quite easy access to countries on …
In the simplest of terms, a Strategic Plan provides a roadmap for accomplishing an organization’s strategic goals and objectives for a specified period of time and provides the activities, targets, timelines, owners and budget needed for execution. It serves as a guide for the implementers of the Plan. Developing and implementing a strategic plan may …
The Trinidad and Tobago Stock Exchange Limited recently celebrated surpassing TT$100million in trades on its online trading platform ‘TOP’ since its launch almost 1 year ago. Investors are now able to self-direct trades on the local stock market and for a lower fee than broker-directed trades. Prior to the launch of TOP, all trades were …
