2023-03-06 | 29731

Updated Guidance for the Application of Simplified Due Diligence for Basic Banking Accounts

The regulator has issued updated guidance regarding the application of Simplified Due Diligence (SDD) for Basic Banking Accounts. This circular letter clarifies the requirements and procedures for financial institutions to implement SDD measures effectively. The document serves as a key reference for compliance with Anti-Money Laundering, Counter-Financing of Terrorism, and Counter-Proliferation Financing standards.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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AML/CFT/CPF , Circular Letters , Fintech & Payments Circular Letter – Updated Guidance for the Application of Simplified Due Diligence for Basic Banking Accounts (“SDD Guidance”) Share