Launch of AML/CFT and Repo Guidelines

23-Apr-2012 8:00 AM – 23-Apr-2012 4:00 PM
Venue: Trinidad Hilton and Conference Centre

The Trinidad and Tobago Securities and Exchange Commission (TTSEC) has, in keeping with its mandate, continued to promote conditions that ensure the orderly growth and development of the capital market. As the designated authority charged with the registration, regulation and authorisation of persons and organisations within the market we are charged with the task of formulating principles for the guidance of the securities industry in Trinidad and Tobago.

The “40 Recommendations” of the Financial Action Task Force (“FATF”) have resulted in the enactment of legislation in Trinidad and Tobago which seeks to target the detection, prevention and reporting of activities linked to money laundering and terrorist financing.

The TTSEC has, as a result, prepared Anti-Money Laundering and Combating the Financing of Terrorism (“AML-CFT”) guidelines to provide market actors with the necessary information regarding the implementation of AML-CFT legislative requirements within their respective organisations.

Additionally, Repurchase (Repo) guidelines have also been developed in collaboration with market participants and are intended to ensure orderly, fair and equitable conduct in the operations of the market.

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