Draft Policy Paper – Introduction of Administrative Fines for AML Breaches

The Supervisory Authorities (Trinidad and Tobago Securities and Exchange Commission, Central Bank of Trinidad and Tobago and Financial Intelligence Unit of Trinidad and Tobago) developed a draft policy paper to introduce an administrative monetary fine (AMF) framework for contraventions of AML statutory requirements.

The Trinidad and Tobago Securities and Exchange Commission is seeking comments from its registrants on the Draft Policy which is available here.  The Draft Policy sets out the process by which the Supervisory Authorities can provide written notice offering the regulated person the opportunity to discharge the liability for the contravention, by paying the applicable AMF and by remedying or discontinuing the contravention.  Kindly submit your comments by January 21, 2022.

Draft Policy Paper – Introduction of Administrative Fines for AML Breaches

 

Scroll to Top

Acts

Bye-Laws

Rules

Orders

SRO Rule Making

Circulars, Bulletins, Policy Statements

Market Guidance – CIS Bye-Laws

Proposed Bye-Laws, Rules, Guidelines & Policies

Registration

Prudential Requirements and Filings

AML-CFT-CPF

Public Statements

Updates

Frequently Asked Questions (FAQs)

Investor Protection

Submit a Tip or Complaint

Resources for Investors

Orders

Notices

Media & Communications

Policy, Publications and Research

Our History

Who We Are

Our Leadership

Careers

Memorandums of Understanding

Procurement

Factsheets

Contact Us