AML-CFT Updates


2020

May:

FIUTT Bulletin – Update of UN Security Council ISIL (Da’esh) and Al-Qaida Sanctions List _UN 1267/1989/2253

Pursuant to section 22AA (2) (c) Anti-Terrorism Act, Chap 12:07 (‘the ATA’), which requires the Financial Intelligence Unit of Trinidad and Tobago (‘the FIU’) to circulate a list of designated entities to Financial Institutions and Listed Businesses requesting information on whether these designated entities have funds in Trinidad and Tobago, you are asked to note as follows:

  1. The ISIL (Da’esh) & Al-Qaida Sanctions Committee, pursuant to resolutions 1267, 1989 and 2253, via press release dated May 21, 2020 notified of the addition of one entry on the Sanction List.  See the following link to the press release >> https://www.un.org/press/en/content/security-council/press-release

Addition

  1. Individuals

QDi.426 Name: 1: Amir 2: Muhammad Sa’id 3: Abdal-Rahman 4: al-Mawla
Name (original script): أمیر محمد سعید عبد الرحمن المولى
Title: na Designation: na DOB: a) 5 Oct. 1976 b) 1 Oct. 1976 POB: a) Tall’Afar, Iraq b) Mosul, Iraq Good quality a.k.a.: a) Abu Ibrahim al-Hashimi al-Qurashi b) Hajji Abdallah c) Abu ‘Umar al-Turkmani d) Abdullah Qardash e) Abu ‘Abdullah Qardash f) al-Hajj Abdullah Qardash g) Hajji Abdullah Al-Afari h) `Abdul Amir Muhammad Sa’id Salbi i) Muhammad Sa’id `Abd-al-Rahman al-Mawla j) Amir Muhammad Sa’id ‘Abd-al-Rahman Muhammad al-Mula Low quality a.k.a.: a) Al-Ustadh b) Ustadh Ahmad Nationality: Iraq Passport no: na National identification no: na Address: na Listed on: 21 May 2020 Other information: Leader of Islamic State in Iraq Iraq and the Levant, listed as Al-Qaida in Iraq (QDe.115).

  1. The Sanctions List can be accessed via the FIU’s website (www.fiu.gov.tt) by navigating to the HOME PAGE> under the FEATURED SECTION> UN Security Council Committee Press Releases> or by clicking on the following link https://www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list; and
  2. Be reminded of your reporting obligations relative to reporting terrorist funds and terrorist property to the FIUTT in accordance with sections 22C (1), 22C (3), 33 (1) and 33 (3) of the ATA.

Be guided accordingly.

 

2019

December:

Amendment to Proceeds of Crime Act and the Financial Obligations Regulations by the Miscellaneous Provisions (Proceeds of Crime and Central Bank) Act, 2019.

Please note that the Proceeds of Crime Act and the Financial Obligations Regulations have been amended by the Miscellaneous Provisions (Proceeds of Crime and Central Bank) Act, 2019. The nature of these changes are as follows:

  1. Section 55(3C) of the Proceeds of Crime Act is amended by deleting the words “is ninety thousand dollars or such other amount as”.
  2. The Financial Obligations Regulations are amended—
    1. in regulation 11(1)—
  1. in paragraph (b) by deleting the words “ninety thousand dollars” and substituting the words “the amount prescribed by the Minister under section 55(3C) of the Act”;
  2. in paragraph (c) by deleting the words “ninety thousand dollars but together the total value is ninety thousand dollars or more ” and substituting the words “the amount prescribed by the Minister under section 55(3C) of the Act but together the total value is the amount prescribed by the Minister under section 55(3C) of the Act or more”; and
    1. in regulation 28 by deleting the words “ninety thousand dollars” and substituting the words “the amount prescribed by the Minister under section 55(3C) of the Act”.

Further, please note that by Legal Notice No. 356 of 2019 dated December 9, 2019, the Minister has prescribed that, for the purposes of section 55(2)(a)( ii) and (3C) of the POCA, the value of a large transaction is fifty thousand dollars ($50,000.00).

A copy of the Miscellaneous Provisions (Proceeds of Crime and Central Bank) Act, 2019 as well as Legal Notice No. 356 of 2019 are attached hereto for your attention.

Both the said Act and Legal Notice are in immediate effect.

Read more —> Legal Notice No. 356 of 2019 -Proceeds of Crime (Large Transactions) Order 2019

Read more—-> Miscellaneous Provisions (Proceeds of Crime and Central Bank) Act, 2019

 

August:

GUIDANCE ON ASSESSING NAME MATCHES FOR TARGETED FINANCIAL SANCTIONS

The Anti-Terrorism Unit of the Ministry of the Attorney General and Legal Affairs has published the attached Guidance on Assessing Name Matches for Targeted Financial Sanctions. This Guidance is intended to assist Financial Institutions, Listed Businesses, Non-Profit Organizations and members of the public in understanding how to determine whether an individual or entity is a “listed entity”.​

Registrants are therefore required to refer to the guidance published by the Anti-Terrorism Unit in conjunction with the Commission’s AML/CFT Guidance for the Securities Sector in keeping abreast with the evolving AML/CFT legislative framework and associated obligations.

Read more —> Guidance to the Public on Screening Listed Entities

GUIDANCE TO THE PUBLIC ON OBLIGATIONS AND RIGHTS IN RESPECT OF THE PROLIFERATION OF WEAPONS OF MASS DESTRUCTION

The Anti-Terrorism Unit of the Ministry of the Attorney General and Legal Affairs has published the attached Guidance to the Public on Obligations and Rights in respect of the Proliferation of Weapons of Mass Destruction. This Guidance is intended to assist members of the public in understanding their obligations and rights under the laws governing the proliferation of weapons of mass destruction (WMDs).

Registrants are therefore required to refer to the guidance published by the Anti-Terrorism Unit in conjunction with the Commission’s AML/CFT Guidance for the Securities Sector in keeping abreast with the evolving AML/CFT legislative framework and associated obligations.

Read More —> Guidance to Public on PF

GUIDANCE TO THE PUBLIC ON OBLIGATIONS AND RIGHTS IN RESPECT OF ANTI-TERRORISM

The Anti-Terrorism Act, Chap. 12:07 (“the Act”) was enacted on September 13, 2005 with the aim of protecting all citizens of Trinidad and Tobago and the international community from the evolving threats posed by terrorist actors. The provisions of the Act also fulfil the country’s international obligations relative to the UN Security Council and the Financial Action Task Force.

The Anti-Terrorism Unit of the Ministry of the Attorney General and Legal Affairs (“the Anti-Terrorism Unit”) has published this guidance for all members of the public, inclusive of Financial Institutions, on their obligations and rights in respect of Anti-Terrorism in Trinidad and Tobago.

Registrants are therefore required to refer to the guidance published by the Anti-Terrorism Unit in conjunction with Part 7 of the Commission’s AML/CFT Guidance for the Securities Sector in keeping abreast with the evolving AML/CFT legislative framework and associated obligations.

Read more —>  Guidance to the Public on obligations and rights in respect of Anti-terrorism

 

March:

The Resolution on the Economic Sanctions (Democratic People’s Republic of Korea)  Order 2018 and the Resolution on the Economic Sanctions (Islamic Republic of Iran) Order  2018 were made via Legal Notice Nos. 43 and 44 respectively, on the 8 March, 2019. These Resolutions were made pursuant to section 4(5) of the Economic Sanctions Act, Chap. 81:05.

The purpose of these Resolutions is to extend the effect of the Economic Sanctions (Democratic People’s Republic of Korea)  Order 2018 and the Economic Sanctions (Islamic Republic of Iran) Order  2018, made by Legal Notice No. 184 and 185 of 2018 respectively), for a specified period.

Please see the Financial Intelligence Unit’s Guidance note on the Extension of Expiration of Orders Made Under the Economic Sanctions Act, Chap. 81:05 for more information


2018


2017


2016


 

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