Regulatory Alerts2022-10-31
TTSEC Guidelines for the Implementation of the Tax Information Exchange Agreement Act 2017
The Trinidad and Tobago Securities and Exchange Commission issued these guidelines to direct Applicable Registrants on implementing and complying with the Tax Information Exchange Agreements Act 2017. The document mandates the establishment of adequate compliance frameworks, effective due diligence procedures, and the appointment of a Responsible Officer to ensure accurate reporting of US person accounts. It further outlines specific classification requirements, record-keeping obligations, and enforcement measures for financial institutions regulated by the TTSEC.
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