Regulatory Alerts2019-07-08
Act No. 12 of 2019 – Miscellaneous Provisions (Financial Institutions, Securities and Insurance) Act, 2019
The Parliament of Trinidad and Tobago enacted Act No. 12 of 2019 to amend the Financial Institutions Act, the Securities Act, and the Insurance Act. These amendments introduce a statutory definition of proliferation financing and require regulated entities to comply with the Economic Sanctions Act and related orders concerning the financing of weapons of mass destruction. The legislation updates reporting and compliance obligations across the financial and insurance sectors to align with international counter-proliferation standards.
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