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, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. 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.
ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO
Consultation fee is $300 TTD per hour.
I am a Certified Professional in the following areas:
Anti-Money Laundering and Financial Crimes;
Fraud Risk Management;
Anti-Money Laundering (AML) Training for staff, directors;
Anti-Money Laundering Audits;
Compliance Program drafting;
Consulting services and much more.
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