Regulatory Alerts2019-11-18 | 29611Added · Updated
Circular Letter – AML/CFT/CPF Self-Assessment Questionnaire
The Central Bank of Trinidad and Tobago issued a draft AML/CFT/CPF Self-Assessment Questionnaire for public comment by December 13, 2019. The document requests feedback from financial institutions on the usability and clarity of the proposed questionnaire, which is intended to assess individual institutions' risks and determine examination cycles. Submissions should be sent electronically to aml@central-bank.org.tt.
CENTRAL BANK OF TRINIDAD & TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt
November 14, 2019
Circular Letter To: All Institutions -- Licensed under the Financial Institutions Act, 2008 Registered under the Insurance Act, Chap. 84:01 Registered under the Exchange Control Act, Cap. 79:50 Bankers Association of Trinidad and Tobago Association of Trinidad and Tobago Insurance Companies Insurance Brokers Association of Trinidad and Tobago Institute of Chartered Accountants of Trinidad and Tobago
REF: CB-OIFI-3030/2019
AML/CFT/CPF SELF-ASSESSMENT QUESTIONNAIRE
As part of its risk-based approach to Anti-Money Laundering/Combatting the Financing of Terrorism and Proliferation Financing (collectively “AML”) supervision, the Central Bank of Trinidad and Tobago (“Central Bank” / “Bank”) is seeking to introduce an AML Self-Assessment Questionnaire (“Questionnaire”).
The Questionnaire is intended to be completed periodically by all financial institutions under the purview of the Central Bank. The information obtained will be utilized by the Bank to ascertain individual institutions’ ML/TF/PF risks, controls and governance strength, and to determine the Bank’s on-site examination cycle.
The draft Questionnaire is being issued for feedback on its usability and the clarity of the questions. You may provide us with feedback on the specific questions asked within the Questionnaire, or alternatively you may provide general comments.
A soft copy of the draft AML Self-Assessment Questionnaire is appended and can also be accessed online at: https://www.central-bank.org.tt/core-functions/financial-stability/amlcft-draft-and-consultation-papers.
Comments and queries should be submitted electronically to aml@central-bank.org.tt by December 13, 2019.
The Central Bank values your feedback and looks forward to your timely response.
Yours sincerely
[Signature]
Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS
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