Regulatory Alerts2025-12-05
Circular Letter to Registrants re AML Laws
The Trinidad and Tobago Securities and Exchange Commission issued this circular to remind broker dealers, underwriters, and investment advisers of their obligations under recent amendments to omnibus AML legislation. Registrants must conduct annual risk-sensitive independent reviews of their compliance programs and comprehensive reviews every three years, while also adhering to ongoing monitoring requirements and reporting suspicious activity within five days. Failure to comply with these measures or relevant laws may result in enforcement actions directed by the Commission to remedy the situation.
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