Regulatory Alerts2016-10-23 | 29777Financial Intelligence Unit of Trinidad and Tobago (Enhanced Due Diligence Requirements) Order 2016
The Financial Intelligence Unit of Trinidad and Tobago issued the Enhanced Due Diligence Requirements Order 2016 to mandate stricter verification and monitoring protocols for designated reporting entities. The Order specifies trigger events, risk-based assessment criteria, and record-keeping standards that require institutions to implement enhanced due diligence procedures beyond standard customer onboarding. Compliance with these updated requirements ensures alignment with international anti-money laundering, counter-terrorist financing, and countering the proliferation of weapons of mass destruction standards.
AML/CFT/CPF Circular Letter – The Financial Intelligence Unit of Trinidad and Tobago (“FIU”) (Enhanced Due Diligence Requirements) Order 2016 Share