Circular Letter – Guidance Documents issued by the Ministry of the Attorney General and Legal Affairs

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) 621-2288, 235-2288; Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt

August 21, 2019

Circular Letter To: Licensees under the Financial Institutions Act, Chap. 79:09 Insurance Companies and Brokers Registered under the Insurance Act, Chap 84:01 Bureaux de Change Licensed under the Exchange Control Act, Chap 79:50 Agricultural Development Bank (ADB) Trinidad and Tobago Mortgage Finance (TTMF) Home Mortgage Bank (HMB), Bankers Association of Trinidad and Tobago (BATT) Association of Trinidad and Tobago Insurance Companies (ATTIC) Insurance Brokers Association of Trinidad and Tobago (IBATT)

REF: CB-OIFI-2282/2019

GUIDANCE DOCUMENTS ISSUED BY THE MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS

The Central Bank of Trinidad and Tobago (“Central Bank”) wishes to bring to your attention the attached guidance documents which are being issued on behalf of the Ministry of the Attorney General and Legal Affairs (“MOAGLA”):

• Guidance on the risk of abuse for Non-Profit Organizations (“NPOs”) for Terrorist Purposes;
• Guidance on obligations and rights in respect of Proliferation of Weapons of Mass Destruction;
• Guidance on obligations and rights in respect of Anti-Terrorism; and
• Guidance on assessing name matches for targeted financial sanctions.

While the guidance documents seek to raise awareness amongst the public and the NPO sector primarily, they also contain information which may be useful to financial institutions in meeting their obligations in respect of combatting the financing of terrorism and proliferation financing.

The documents will be made available on the Central Bank’s website and are also available on the MOAGLA’s:

https://www.ag.gov.tt/index.php/agla-services/anti-terrorism-unit/guidance-notes

Additional guidance on NPOs is also available on the website of the Financial Intelligence Unit of Trinidad and Tobago:

https://www.fiu.gov.tt/wp-content/uploads/AML-CFT-PF-Guidance-Note-for-NPOs.pdf

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Circular Letter To: Licensees under the Financial Institutions Act, Chap. 79:09 Insurance Companies and Brokers Registered under the Insurance Act, Chap 84:01 Bureaux de Change Licensed under the Exchange Control Act, Chap 79:50 ADB, TTMF, HMB, BATT, ATTIC, IBATT

August 21, 2019

For your clients who are NPOs, a risk assessment questionnaire and registration forms are available on the MOAGLA’s website:

http://www.legalaffairs.gov.tt/companiesForms.htm

Please be guided accordingly.

Yours sincerely

[Signature]

Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS

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