Regulatory Alerts2019-12-27 | 29626Added · Updated
Revised Terms and Conditions for the Operation of a Bureau de Change
The Central Bank of Trinidad and Tobago revised the Terms and Conditions for licensed Bureaux de Change, effective December 20, 2019. The amendments extend license validity from one to three years and permit the use of agents subject to Central Bank approval. The rules now allow Bureaux to conduct foreign exchange conversions incidental to remittance business, requiring a daily positive or zero net foreign exchange position and separate record-keeping for such operations.