Regulatory Alerts2018-12-31 | 24051Added · Updated
Miscellaneous Provisions (POCA, ATA and FIUA) Act, 2018
This Act amends the Proceeds of Crime Act to criminalize tipping off regarding suspicious transaction reports and establishes the National Anti-Money Laundering and Counter Financing of Terrorism Committee with specific membership and reporting duties. It also amends the Anti-Terrorism Act by creating an Anti-Terrorism Unit within the Office of the Attorney General and mandating annual performance reports to Parliament. Additionally, the Financial Intelligence Unit of Trinidad and Tobago Act is updated to align references with new sections of the Proceeds of Crime Act.