Regulatory Alerts2025-07-08 | 36297Added · Updated
AML/CFT/CPF Requirements for E-Money Issuers
The Central Bank of Trinidad and Tobago and the Financial Intelligence Unit of Trinidad and Tobago require Electronic Money Issuers to register with the FIUTT and establish risk-based Anti-Money Laundering programs. Issuers must designate a Compliance Officer, conduct ML/TF/PF risk assessments, and implement ongoing transaction monitoring systems. The document specifies identification and verification obligations for individuals and businesses, including maximum wallet sizes and monthly transaction limits ranging from $5,000 to $200,000 depending on risk classification.