Both Financial Institutions (FIs) and Listed Businesses (LBs) are required to file TFRs in Trinidad and Tobago.
FIs and LBs must consult the United Nations 2253 List and the Trinidad and Tobago Consolidated List of High Court Orders. If the FI or LB knows or has reasonable grounds to believe that a designated entity has property or funds in Trinidad and Tobago. The FI or LB will then contact the FIU and indicate that the LB/FI has property or funds belonging to a designated individual or entity. The Terrorist Funds Report is then completed and submitted soft copy via the FIU’s secure reporting system or by hand via a sealed envelope.
About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.
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