Regulatory Alerts2017-08-24 | 29528Added · Updated
Central Bank of Trinidad and Tobago Circular on Foreign Account Tax Compliance Act Preparedness
The Central Bank of Trinidad and Tobago requires institutions licensed under the Financial Institutions Act, 2008, to submit an update on their preparedness for the Foreign Account Tax Compliance Act by August 17, 2012. The update must include details regarding Information Technology Plans and Operational Procedures to handle reporting obligations for US accounts and substantial US owners of non-financial foreign entities. Responses are to be sent via email to Kavita Surat Singh or submitted in hard copy to the undersigned Inspector of Financial Institutions.
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