Why should you upgrade to a Limited Liability Company?

Company. He told me that the business was performing well and was desirous of purchasing land. He and his business partner wanted to buy the land in the name of their business. The bank informed them that the land can only be purchased in the name of a Limited Liability Company not a partnership. The reason is that a limited liability company is a separate legal entity. A partnership is not a separate legal entity recognized by law.

You should consider upgrading to a limited liability if you want to:

Purchase land in the name of your company;

Purchase vehicles in the name of your company;

Gift your company to your children (sole traderships and partnerships cannot be passed down to anyone, the business ends with your passing.)

I am Antoinette Sydney, LLB LEC CAMLFC CFRMP the first Online Lawyer based in Trinidad and Tobago. I specialise in Corporate Law and Financial Crimes.

http://asydneygroup.com

CONNECT WITH ME: Email: asydneysolutions@gmail.com

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

#amlexpert #antoinettesydney #sydneygroup  #trinidadonlinelawyer #asydneygroup.com #trinidad #company #companies #lawyer #caribbean #aml #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

Who must file Terrorist Funds Reports (TFRs) in Trinidad?(Free AML Training)

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.

I am Antoinette Sydney, LLB LEC CAMLFC CFRMP the first Online Lawyer based in Trinidad and Tobago. I specialise in Corporate Law and Financial Crimes.

http://asydneygroup.com

CONNECT WITH ME: Email: asydneysolutions@gmail.com

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

#tfr #terroristfundsreports #trinidad #aml #antimoneylaundering #antoinette #sydney #proliferationfinancing #amlexpert #antoinettesydney #sydneygroup  #trinidadonlinelawyer #asydneygroup.com #trinidad #company #companies #lawyer #caribbean #aml #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

Registers to be maintained by a regulated entity for the purposes of the Regulator : AML Compliance Consultant

Record keeping is a major part of Anti-Money Laundering. As such , the following registers must be kept for the regulators as well as the auditors:

Register of Correspondence received from the regulator;

Register of Internal Suspicious Activity Reports (SARS) received from staff;

Register of Suspicious Activity Reports (SARS) and Suspicious Transaction Reports (STRs) submitted to the regulator;

Register of Law Enforcement Enquries.

I am Antoinette Sydney, LLB LEC CAMLFC CFRMP the first Online Lawyer based in Trinidad and Tobago. I specialise in Corporate Law and Financial Crimes.

http://www.asydneygroup.com

CONNECT WITH ME: Email: asydneysolutions@gmail.com

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

#amlexpert #antoinettesydney #sydneygroup  #trinidadonlinelawyer #asydneygroup.com #trinidad #company #companies #lawyer #caribbean #aml #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

Should LB/FIs reference new and existing employees against the Sanctions Lists: AML Compliance Consultants

It is good practice to reference the name of new and existing staff against Sanction Lists. Regulation 5 of the Financial Obligation Regulations requires that financial institutions and listed businesses use the best practices of the industry to recruit employees who have integrity and are competent.

This practice will ensure that individuals who are designated as terrorist or terrorist financiers are not retained by the regulated entity.

I am Antoinette Sydney, LLB LEC CAMLFC CFRMP the first Online Lawyer based in Trinidad and Tobago. I specialise in Corporate Law and Financial Crimes.

http://asydneygroup.com

CONNECT WITH ME: Email: asydneysolutions@gmail.com

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

#amlexpert #antoinettesydney #sydneygroup  #trinidadonlinelawyer #asydneygroup.com #trinidad #company #companies #lawyer #caribbean #aml #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

What is Tipping off in Guyana?; AML Compliance Consultant

According to Section 5 (1) The Guyana Anti-Money Laundering and Countering the Financing of Terrorism Act No. 3 of 2000 it is an offence for  a person who knows or suspects that a suspicious transaction report or related information  is reported to the FIU, or that an investigation into money laundering, terrorist financing, or the proceeds of crime has been, is being or is about to be made, to divulge that fact or other information to another whereby the investigation is likely to be prejudiced.

(2) A person who commits an offence under subsection (1) is liable to summary conviction to a  fine of one million dollars and to imprisonment of 3 years.

The rationale is to prevent the sharing of confidential information about a SAR/STR that was submitted to the Financial Intelligence Unit being shared in the public domain. If the subject of the SAR/STR learns that a report was filed against them. They may flee the jurisdiction or destroy evidence.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. Her entire Law Practice is based Online using technology. Client meetings are conducted at mutually convenient meeting points. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.

Check out my Online Companies: www.asydneygroup.com

Call/Whatsapp for a quotation 868 373-1166

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;Consulting services and much more

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

#tippingoff #guyana #aml #training #antimoneylaundering #ml #trinidad #onlinelawyer #caribbean #blogger #youtuber #sydney #believe #focus #guyana #guyanese #fiu #banking #cars #lb #listedbusiness #fatf #cfatf

Red Flags of Terrorist Financing: AML Compliance Expert

Funding of terrorism involves providing funds from both legal and or illegal sources, directly or indirectly or knowing that the monies are to be used to finance terrorism activity or organizations

Red Flags Indicative of TF

Behavioural indicators:

  1. The parties to the transaction (owner, beneficiary) are from countries known to support terrorist activities and organizations;
  2. Use of false companies including shell companies;
  3. Inclusion of the individual in the United Nations 1267 Sanctions list;
  4. Media reports that the account holder is linked to known terrorist organizations or is engaged in terrorist activities;
  5. Beneficial owner of the account not properly identified;
  6. Use of nominees, trusts, family member or third-party accounts;
  7. Use of false identification;
  8. Abuse of non-profit organization.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. Her entire Law Practice is based Online using technology. Client meetings are conducted at mutually convenient meeting points. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.

Check out my Online Companies: www.asydneygroup.com

Call/Whatsapp for a quotation 868 373-1166

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

#amlcomplianceconsultant #trinidadonlinelawyer #asydneygroup.com #businessregistration #antoinettesydney #sydneygroup #asydneygroup #trinidad #company #companies #lawyer #caribbean #aml #fiu #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

New $50,000 Source of Funds Declaration (SOFD) threshold in Trinidad and Tobago

In Trinidad and Tobago, for the purposes of completing a Source of Funds Declaration (SOFD)  a large transaction is now $50,000TTD according to Legal Notice No. 356 of 2019.

The Miscellaneous Provisions (Proceeds of Crime and Central Bank) Act No 22, 2019 has amended Section 55 (3C) of the Proceeds of Crime Act Chap. 11:27 (POCA) and Regulation 11 (1) of the Financial Obligations Regulations (FORs), 2010. 

It follows that your Anti-Money Laundering/Countering the Financing of Terrorism Proliferation Financing Compliance Program must be updated to reflect this change. A suspicious transaction can also be below this $50,00 threshold and reporting entities can file Suspicious Transaction Reports for transactions that fall below this amount.

I am Antoinette Sydney, LLB LEC CAMLFC CFRMP the first Online Lawyer based in Trinidad and Tobago. I specialise in Corporate Law and Financial Crimes.

http://asydneygroup.com

CONNECT WITH ME: Email: asydneysolutions@gmail.com

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

How to Register a Sole Trader;

How to De-Register a Sole Trader;

How to Register a Partnership;

How to Change from a Sole Trader to a Limited Liability Company Trinidad;

How to Dissolve a Limited Liability Company;

How to Incorporate a Limited Liability Company

#amlexpert #antoinettesydney #sydneygroup  #trinidadonlinelawyer #asydneygroup.com #trinidad #company #companies #lawyer #caribbean #aml #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

What happens after registration with the Financial Intelligence Unit (FIU) in Trinidad : Anti Money laundering Training

Thanks for stopping by!! What happens after registration with the FIU in Trinidad? I am so glad that you asked!

After you submit the RG-1 Form to register with the FIU, your certificate will be prepared and you will be contacted via call to collect same.

Please see below for your obligations post registration with the FIU:

Appoint a Compliance Officer who is competent and experienced with the Anti-Money Laundering and Countering the Financing of Terrorism laws and regulations.

https://sydneygroupblog.wordpress.com/2019/08/02/the-role-of-a-compliance-officer/
https://sydneygroupblog.wordpress.com/2019/08/02/the-role-of-a-compliance-officer/

After you appoint this Compliance Officer (CO), the “Fit and Proper” Form must be completed and submitted to the FIU for their approval.

https://wordpress.com/block-editor/post/sydneygroupblog.wordpress.com/1462

An Alternative Compliance Officer (ACO) must also be appointed.

A Compliance Program must be created using a Risk Based Approach.

Know Your Customer (KYC) Forms must then be created.

All staff and directors must attend Ant-Money Laundering and Countering the Financing of Terrorism Training every year.

https://sydneygroupblog.wordpress.com/2019/02/13/aml-training-how-many-times-per-year/

There must be an internal and external Anti-Money Laundering audit conducted (not a Financial Audit).

https://wordpress.com/block-editor/post/sydneygroupblog.wordpress.com/1638

Suspicious Activity Reports must be filed.

For assistance with all of the above whatsapp Sydney 868 373-1166

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. Her entire Law Practice is based Online using technology. Client meetings are conducted at mutually convenient meeting points. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.

Check out my Online Companies: www.asydneygroup.com

Call/Whatsapp for a quotation 868 373-1166

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

Ebooks on Sale:

Only $100 TTD

How to Register a Sole Trader;

How to Register a Limited Liability Company;

How to De-Register a Sole Trader;

How to Register a Partnership;

How to Change from a Sole Trader to a Limited Liability Company Trinidad;

How to Dissolve a Limited Liability Company.

Thank you ,please come again.

#antoinette #sydney #ebook #trinidad #online #lawyer #caribbean #attorney #aml #consultant

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

#Aml #cft #antoinette #sydney #trinidad #risk #consultant #asydneygrouptt #asydneygroup.com #attorney #sydney #antoinette #sydney #onlineattorney #caribbeanonlinelawyer #trinidadonlinelawyer

What does FTF mean?: Anti-Money Laundering Training

FTF is an acronym for “Foreign Terrorist Fighter”.
This is an individual who leaves their home country to fight in a country that is considered to be a war zone . Trinidad and Tobago is considered to be the country with the highest number of Foreign Terrorist Fighters in Syria from the Western Hemisphere. There is a serious and current threat posed by the return of these fighters to Trinidad and Tobago .

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. Her entire Law Practice is based Online using technology. Client meetings are conducted at mutually convenient meeting points. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.

Check out my Online Companies: www.asydneygroup.com

Call/Whatsapp for a quotation 868 373-1166

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Ebooks on Sale:

Only $100 TTD

How to Register a Sole Trader;

How to Register a Limited Liability Company;

How to De-Register a Sole Trader;

How to Register a Partnership;

How to Change from a Sole Trader to a Limited Liability Company Trinidad;

How to Dissolve a Limited Liability Company.

Thank you ,please come again.

#antoinette #sydney #ebook #trinidad #online #lawyer #caribbean #attorney #aml #consultant

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

#amlcomplianceconsultant trinidadonlinelawyer #asydneygroup.com #businessregistration #antoinettesydney #sydneygroup #asydneygroup #trinidad #company #companies #lawyer #caribbean #aml #fiu #cft #frm #fraudrisk #graphicdesign #tax #taxation #taxes #nis #vat #bir #fiu #compliance #complianceofficer #realestate #casinos #cardealer

Carrying on the legacy: Children who take an interest in the family business

I always notice when I see children helping their parents in the family business. Sometimes I am even impressed when the children are actually selling or serving customers.

This allows children to develop many skills such as selling, communication, customer service. These children can carry on the family business or chose to go n their separate paths.

In Trinidad I learned that different tribes of people leave a legacy for their children to inherit while others are indifferent.

“I asked my father for the tools to start my business” he exclaimed as we waited outside the bank waiting for 8:00 a.m. He was glad that his father provided him with the equipment and implements to start his air conditioning installation business. He was looking for an audience ,even one listening ear as we waited. He lamented that parents now are so bent on seeing their children struggle to “earn their stripes”. He considered this to be foolishness because to do this deprives children of getting a head start in life.

I listened as a friend brag ut how many wigs she owned. She valued them to be around $15,000 TTD. My stomach turned. I wondered what her children would do with this. Imagine if this was in mutual funds or actually invested in a wig business that she could pass down to her children.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. Her entire Law Practice is based Online using technology. Client meetings are conducted at mutually convenient meeting points. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.

Ebooks on Sale:

How to Register a Sole Trader;

How to Register a Limited Liability Company;

How to De-Register a Sole Trader;

How to Register a Partnership;

How to Change from a Sole Trader to a Limited Liability Company Trinidad;

How to Dissolve a Limited Liability Company.

Thank you ,please come again.

#antoinette #sydney #ebook #trinidad #online #lawyer #caribbean #attorney #aml #consultant

Check out my Online Companies: www.asydneygroup.com

Call/Whatsapp for a quotation 868 373-1166

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: @asydneygrouptt

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

#legacy #time #children #kids #business #freedom #financial #freedom #independence #goals #hope #success #woman #empowerment #onlinebusiness #movement #hustlers #hihustlers #business #registration