What is Credit Card Skimming? Anti-Money Laundering Consultant Trinidad

Credit card skimming is a type of credit card theft where a device is used to steal sensitive information when the card is used in a legitimate transaction. The device is called a skimmer and it reads the customers personal information that was stored on the magnetic strip of the card.

In Trinidad in 2019 persons were charged and convicted with being in possession of fraudulent ATM cards and large sums of cash knowing that the money was the proceeds of fraud and for the purpose of money laundering.

These defendants were non nationals who came to Trinidad armed with 182 fradualent ATM cards. They visited different ATMS and were withdrawing sums of money. They arised the suspicion of security personnel of financial institutions.

Law enforcement became involved and the defendants were detained and brought before the courts.

It seems that there is a large international network of cyber criminals who steal credit card information. At our ports of entry in Trinidad, officials are oftentimes unable to identify the skimming devices as they resemble smart phone accessories.

Persons may be making purchases at your company with fradulent credit cads! Want to know how to protect yourself?

Contact Sydney to receive Anti-Money Laundering Training.

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

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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.

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How to reduce Crime in Trinidad and Tobago?War on POVERTY:Entrepreneurship

You have to declare that you will never be poor another day in your life..Believe that you are destined for greatness and your subconscious mind will accept this and oblige. Unless you decide to break free, poverty will pass from generation to generation. It has been likened to a disease that consumes the victim. Poverty has a smell, it is depressing. I reiterate from a previous post, that another failure of the education system is the lack of courses on financial literacy. We, the youth, do not understand mortgages, taxes, or the laws of money. We are not taught how to rise out of poverty and to accomplish what others dream about.

There are different definitions of poverty according to the Sociologists. For the purpose of this post, poverty refers to the inability to be financially free. By this, I mean you are barely making ends meet, you do not have any savings or investments, and you do not have any assets. You have dreams and aspirations but you cannot finance them and you are mad at the world. Conquering poverty requires hard work and dedication. The results are not apparent in the immediate future. Others may see you struggling to come out of poverty and dissuade you from even trying. I beg you, ignore them, misery and by extension poverty likes company.

If you subscribe to fairy tales, and books about imaginary, magical, mystical characters, then you will see wisdom from Solomon when he wrote the book of Ecclesiastes in the latter part of his life. In the Book of Ecclesiastes Chapter 11 verses 1- 2, Solomon advised: “Cast your bread upon the waters, for you will find it after many days. Divide your portion to seven, or to even to eight, for you do not know what misfortune may occur on the earth”. Here, we see our superhero, the wise King Solomon giving us financial advice that is applicable in the economic situation that is plaguing Trinidad and Tobago.In verse 1, he seemed to be suggesting that we should toil in our youth, so that we can reap the rewards when we get older. Solomon admonished on verse 2 that we have at least seven (7) or eight (8) side hustles because we did not know what the future holds. It is not difficult to fathom why surviving on the income from one job is proving to be a Herculean task.

How to develop multiple streams of income

  1. Use your time wisely and discover our personal strengths and weaknesses.
  2. Monetize your hobbies and passions, if you are good at baking cakes, charge a small fee to make your cakes. Your true friends and supporters will patronize. Long gone are the days where we can incur costs and let others indulge freely. I dislike favours, I much prefer transactions.
  3. Get a job, full time or part time. A dollar is still a dollar. It matters not that others tease you because of where you work. I worked at a gas station full time for three (3) years while attending university. I mainly worked the night shifts (10 pm to 6 am) and all the weekend shifts and holidays. Those who laughed at me are now working at that gas station. You will learn valuable lessons about money, business, management and people when you are working for someone else. There are many university graduates who are unemployed with high expectations for a dream job. Life may disappoint you, my friend. You may have to accept a job and a salary that you believe to be incommensurate with your qualifications.
  4. Tutor– You can tutor students on a part time basis to earn extra income. There is a lot of competition, so you must be creative. I have been tutoring since 2009 and it is my favourite job.
  5. You can offer an editing/ proofreading service to students– this may be a good option if you also tutor CXC English.
  6. You can offer to cut the lawns in your neighborhood for a reasonable fee.
  7. You can wash cars– Be creative and offer an exclusive service to executives or taxi drivers or maxi taxis.
  8. Learn a trade– You can start your own business after you learn a trade such plumbing, electrical installation or tiling.

There are endless opportunities to make money in Trinidad and Tobago. Our brothers and sisters come from the surrounding islands, start companies in Trinidad and are buying properties. We live here, and foolishly criticize our brothers and sisters who work hard to provide a better life for their families. Please allow me to reference the employees who were sent home this year by both private and public organizations. Those who thought they had permanent jobs and are now unemployed, there is still hope. The trick is to have multiple sources of income. In the event that you lose your job, you already have another source of income, and now you have the time to develop more.

The successful people that I know are always diversifying their streams of income. They work as though it’s their first day on the job. They work for at least twelve hours (12) per day. They hardly decline an opportunity to make an extra dollar. They are likely to have more than one company, and they offer various services. Whereas the unsuccessful people that I know rely solely on their job for as a source income. They complain that they need to make more money, but they are taking no action to increase their value. They do not want to exit the comfort zone, they go home and watch television or use social media after working an eight hour shift. It has been said that what you do between 4 pm and 8 pm may determine your future. Those who work on their side hustles after 4 pm or study for their exams in this time period will most likely succeed. Thank you for permitting  me to belabour the point that by having multiple streams of income and by working diligently, you will never be poor another day in your life .

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.

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What does AAL mean?: AML Compliance Consultants

AAL is an acronym for Attorney at Law. Lawyers are required to be registered with the Financial Intelligence Unit once they provide certain services. After registering with the FIU, a Compliance Officer and Alternate Compliance Officer must be appointed, a Compliance Program must be created.

The author is the first Online Lawyer based in Trinidad and Tobago. She specialises in Anti-Money Laundering Compliance.

Website: www.asydneygroup.com

Call/Whatsapp for a quotation 868 373-1166

Services include:

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

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

Ebooks available for 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.

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How to Register with the Financial Intelligence Unit (FIU) in Trinidad?AML Compliance Consultants

What is the FIU?

The FIU is the  primary institution for the collection of financial intelligence and information and the analysis, dissemination, and exchange of such financial intelligence this will also include information among law enforcement authorities, financial institution and listed businesses

Which businesses are required to register with the FIU?

Non Regulated Financial Institutions[3]

  • Credit Union
  • Building Society
  • Money or Value Transfer Services

Listed Businesses[4]

  •  Motor Vehicle Sales
  • Real Estate
  • Gaming House
  • Pool Betting
  • National Lotteries On-Line Betting Games
  • Jeweler
  • A Private Members’ Club
  •  An Art Dealer
  • An Accountant, an Attorney-at-law or other Independent Legal Professional
  • Trust and Company Service Providers 

The FIU Form RG 1 must be printed from the FIU website and completed. This form must be submitted to the office of the Financial Intelligence Unit within three months of the registration of the company or business. Within 14 days the FIU will confirm receipt of your registration documents by email or phone call. The FIU will indicate whether your certificate is ready for collection.

What is the penalty for failing to register with the FIU?


What is the penalty for failing to register with the FIU?

See my New Youtube Video now!!!!

The author is the first Online Lawyer  based in Trinidad and Tobago. She specializes in Corporate Law and Financial Crimes.

http://asydneygroup.com/contact.html

Website: http://asydneygroup.com

Services: AML Audits;

AML Compliance Program;

AML Training;

Consulting

Ebooks available for 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.

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[1]http://www.investopedia.com/terms/a/aml.asp

]http://www.fiu.gov.tt/about_fiu.php?mid=3

3]http://www.fiu.gov.tt/about_fiu.php?mid=4

[4]http://www.fiu.gov.tt/about_fiu.php?mid=4

What does AML mean?:AML Compliance Consultants

AML is an acronym for “Anti-Money Laundering”. Anti-Money Laundering refers to the laws and regulations that mandate supervised entities to implement measures to prevent, detect and report money laundering.

Check out my Youtube video, like, share, subscribe.

Whatsapp 868 373-1166 for all your AML Compliance needs.

Website: http://asydneygroup.com

The author is the first Online Lawyer  based in Trinidad and Tobago. She specialises in Anti-Money Laundering Compliance.

She is a Certified Professional in the following areas:

Anti-Money Laundering and Financial Crimes;

Taxation;

Corporate Training;

Fraud Risk Management;

Graphic Design.

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NPO Defined !! AML Compliance Consultants

NPO is an acronym for “Non-Profit Organisation”. This is an institution that is designed to pursue a certain purpose. The focus is not on making a profit as distinct from a limited liability company.

In Trinidad and Tobago, there is no comprehensive law governing NPOs and they are often abused and used to finance terrorism.

For all your AML/FIU Compliance Needs Whatsapp 868 373-1166

Website: http://asydneygroup.com

The author is the first Online Lawyer  based in Trinidad and Tobago. She specialises in Anti-Money Laundering Compliance.

She is a Certified Professional in the following areas:

Anti-Money Laundering and Financial Crimes;

Taxation;

Corporate Training;

Fraud Risk Management;

Graphic Design.

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Time to Change: Your Season is here!!!!

I have been blessed by 10 butterflies this week. Butterflies are in abundance, have you noticed? Fluttering with the wind they dance with nature. The Universe is talking to you.

I approached my home and saw my neighbor who always calls me “young lady”. He had long hair but about a year ago he cut it. I usually comment on his hair growth and he smiles as he sips his coffee. Today , I asked him if he noticed a lot of butterflies lately. He advised me that the butterflies are a sign that the seasons of your life are changing.

If you know me personally, I am easily fascinated by learning new information. My mind was blown. I walked home confident that my season is here.

Young man, young woman, your time is now. Make no excuses. This is your life. Your season has arrived, your life will change in a positive way. In all things, give thanks.

The author is the first Online Lawyer  based in Trinidad and Tobago. She specialises in AML Compliance.

Services range from AML Training, AML Audits, Drafting AML Compliance Programs, Consulting.

She is a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management; Graphic Design

Check out my Youtube Channel

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What to do if Your Business Name is Queried ?

  1. If the proposed business name is queried, carefully review the comments made by the Legal Officer, this can be seen at the bottom portion of the Search Results.
  2. If the name is already reserved or registered, you may have to use another name.
  3. If the name is too close to another name, further information may be requested to clarify the origin of the name.
  4. You should draft a letter including your name, the date, the proposed name of the business, the response to the query and your name and signature. A template of the letter is available at the Ministry of Legal Affairs.

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The Author is an Attorney at Law based in Trinidad. Website : http://asydneygroup.com Contact 868 373-1166

She specializes in Business Law and Anti Money Laundering. She is a Certified Professional in the following disciplines:

Fraud and Risk Management;

Corporate Training;

Taxation in Trinidad and Tobago;

Graphic Design.

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How to Register an External Company in Trinidad ?

File the following documents at the Companies Registry in Trinidad :

Form 20-the Application for Registration of an External Company;

Certified copies of the corporate instruments of the external company;

An Affidavit or Solemn Declaration of an Officer of the Company;

Form 32-a Statutory Declaration of an Attorney at Law;

Form 22-a Power of Attorney.

The Author is an Attorney at Law based in Trinidad and Tobago. She specialises in Financial Crimes and Commercial Law.http://asydneygroup.com

868 373-1166

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