Regulatory Alerts2024-10-23 | 24017Added · Updated
Payments System Guideline No 2 – Registration and Operation of Non-Interbank Payment Systems
Entities wishing to operate a non-interbank payment system in Trinidad and Tobago must apply for registration with the Central Bank using Form 2 and submit specific documentation, including articles of incorporation, details of shareholders owning 20 percent or more of paid-up capital, and risk management policies. The Central Bank maintains a public register of these operators and may remove an entity for non-operation within 12 months, cessation of business for six months, false statements, or threats to public confidence, following a 14-day notice period. Registrants are required to comply with anti-money laundering and terrorist financing laws and must advise participants of these adherence requirements.