As you know, car dealers are considered “listed businesses” under Anti-Money Laundering laws and regulations in Trinidad and Tobago. This post should be helpful if you want to create a checklist for your Car Sales files.
Sales Tax Invoice
Bank Financing Approval (where applicable)
Insurance Cover Note
For registered Limited Liability Companies in addition to the above):
Certificate of Incorporation or Certificate of Continuance;
Articles of Incorporation;
Identification documents for all directors and authorized account signatories;
Most recent Annual Returns;
Management Accounts or;
Cash Flow projections for at least 3 years (for companies registered less than 3 years)
Signed Director’s statement outlining the nature of the company’s business;
Evidence of authority to enter into the business relationship e.g. copy of the Board Resolution giving authorization to signatories;
Power of Attorney or other authority where applicable;
Company Bye Laws where applicable
Two valid forms of unexpired government issued identification;
Job letter and payslip;
About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.
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