Regulatory Alerts2026-01-27
Miscellaneous Provisions (FATF Compliance) Act, 2025
The Parliament of Trinidad and Tobago enacted Act No. 7 of 2025 to amend multiple statutes, including the Trustees Ordinance and Proceeds of Crime Act, to fulfill Financial Action Task Force obligations. The legislation mandates the registration of express trusts, criminalizes the deprivation of state revenue and bribery of foreign public officials, and expands the legal definition of property to include virtual assets. It further strengthens mutual legal assistance frameworks by facilitating the seizure, freezing, and confiscation of assets while establishing specific penalties for non-compliance.
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