Regulatory Alerts2019-08-29 | 29615Added · Updated
MOAGLA Guidance: Abuse of NPOs for Terrorist Purposes
The Ministry of the Attorney General and Legal Affairs issues guidance to Non-Profit Organizations in Trinidad and Tobago regarding the mitigation of terrorist financing risks. The document outlines specific vulnerabilities, such as property misuse and donor abuse, and mandates compliance with the Non-Profit Organisation Act, 2019, including registration, AML/CFT questionnaires, and annual audits for entities with gross annual income exceeding $10,000,000.00. It further requires officers to report suspected terrorist financing to the police under the Anti-Terrorism Act, Chap 12:07, while prohibiting support to listed entities under economic sanctions regimes.
More like this from CBTT
We email you every new CBTT publication the day it's published.