What documents should be obtained from Partnerships for (Know Your Customer) KYC purposes?:

Partnerships may approach you and may want to do business with you.This post will guide you as to the documents that you must collect from Partnerships:

Certificate of Registration;

Partnerships Agreement;

Utility bill as a proof of address, no older than 3 months for each Partner;

Utility bill reflecting the address of the registered business;

If the Partners do not have a utility bill in their name, they must present an authorization letter signed buy the person whose name appears on the utility bill plus a copy of this person’s National Identification.

One form of valid, government issued identification your Compliance Program may provide 2 forms of National Identification for each Partner;

Management Accounts or;

Cash Flow projections for at least 3 years (for companies registered less than 3 years).

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new book now: How to Hustle from Home: 50 Success Secrets


Get a free sample of two chapters here
linktree:https://linktr.ee/asydneygrouptt

Website: www.asydneygroup.com

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

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

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#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 howtohustlefromhome #50successsecrets

Intelligent people write things down,if they didn’t,it never happened

Where is your record? Wrote , write,write! I am so impressed with free blogging sites such as WordPress. It allows me to look back at my years gone by. This is officially my 3rd year writing this blog! It brings me great to return to my previous blog posts! I am impressed with the quality of my thinking and writing! Writing these blogs are extremely enjoyable for me.

Write stuff down. From your “to do lists” to your goals, write it down. I prefer pen and paper,but the sticky note on my computer works just as well.

I encourage you to start your blog!!

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new eBook now: How to Hustle from Home: 50 Success Secrets
Get a free sample of two chapters here
https://linktr.ee/asydneygrouptt

Website: www.asydneygroup.com

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

Youtube: http://www.youtube.com/c/AntoinetteSydney

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#antoinette #sydney #ebook #trinidad #online #lawyer #caribbean #attorney #aml #consultant howtohustlefromhome #50successsecrets

Are Non Profit Organizations (NPOs) supervised by the Financial Intelligence Unit (FIU)?

Recommendation 8 of the Financial Action Task Force mandates that counties assess the adequacy of the laws and regulations with respect to Non-Profit Organizations (NPOs). NPOs are susceptible to being used to finance terrorism. In 2019, the   Non-Profit Organizations Act No. 7 of 2019 (NPOA) was enacted and is in effect.

By virtue of this piece of legislation, NPOs now fall under the ambit of AML/CFT/PF regime in Trinidad and Tobago.

The Financial Intelligence Unit (FIU) is the supervisor of NPOs that earn more than $500,000 in gross annual income.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new book now: How to Hustle from Home: 50 Success Secrets
Get a free sample of two chapters here
https://linktr.ee/asydneygrouptt

Website: www.asydneygroup.com

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#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 howtohustlefromhome #50successsecrets

What is the goal Financial Action Task Force (FATF) Non-Cooperative Countries and Territories (NCCT) List?

The principal aim of the Non-Cooperative Countries and Territories (NCCT) Initiative was to reduce the vulnerability of the global financial system to money laundering by ensuring that all financial centres adopt and implement measures for the prevention, detection and prosecution of money laundering according to internationally standards.

 Jurisdictions that are subject to the FATF’s call for countermeasures or are subject to enhanced due diligence (EDD) due to their strategic AML/CFT deficiencies (black list)[1]

Click to access FATF-Public-Statement-June-21-2019.pdf


[1] http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-november-2017.html

Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new book now: How to Hustle from Home: 50 Success Secrets
Get a free sample of two chapters here
linktree:https://linktr.ee/asydneygrouptt

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#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

Process to escalate a Suspicious Activity Report STR/SAR to Compliance Officer

Staff will submit a written internal Suspicious Activity Report or Suspicious Transaction Report (SAR/STR) to the Compliance Officer.

After an internal SAR/STR is submitted to the Compliance Officer(CO) ,  and the CO determines whether the SAR/STR should be submitted to the FIU.

 The FIU cannot speculate the criminal offence it must be explicitly stated.

The internal SAR is a version of the FIU’s SAR/STR template, it is usually a form contained in the Compliance Program.

The Compliance Officer relies on the in the internal SAR so the intelligence provided by frontline staff is crucial.Intelligence goes from employee to the Compliance Officer, then Compliance Officer to the Financial Intelligence Unit.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new eBook now: How to Hustle from Home: 50 Success Secrets
Get a free sample of two chapters here
https://linktr.ee/asydneygrouptt

Website: www.asydneygroup.com

Email: sydney@asydneygroup.com

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

Youtube: http://www.youtube.com/c/AntoinetteSydney

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#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 howtohustlefromhome #50successsecrets

Should I get a Credit Card?: Trinidad Online Entrepreneur

She was advised that her position was made redundant and that her services were no longer required. She spent 12 years at the bank. She refused to accept the separation package and decided to ask for a transfer to another location or division of the bank. She was approaching 51 years and she considered herself to be a difficult hire. She was aware that the job market was tough and since she did not further her education post secondary school, her chances were limited.

I asked her why did her position suddenly become redundant. She told me that she refused to offer customers credit cards and loan facilities. She said that she lamented the indebtedness of the customers in the queue to pay off their credit cards. It was a refreshing view, that a bank employee did not believe in taking credit cards and loan facilities when it was not needed.

It is loan sale time. As the Christmas season approaches, there are jingles on all radio stations with loan promotions. I visited the bank to make my loan application. The loans officer offered me a credit card and $20,000 extra. I told her that I had no use for $20,000 cash currently. This also meant a longer period to repay the loan. I asked her whether the additional $20,000 could be placed in a mutual fund. That way, a lower interest rate would be offered. Also, the bank will hold the $20,000 as collateral. I agreed to this proposition.

A word to the wise, you may be offered a credit card or additional money by your friendly, neighborhood banker. But remember that if you do not need it, do not take it. The banks thrive on excessive interest rates and credit card late fees. If you do not need it, do not take it.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new eBook now: How to Hustle from Home: 50 Success Secrets
Get a free sample of two chapters here
https://linktr.ee/asydneygrouptt

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

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

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#antoinettesydneytt #asyndyegroup #author #trinidad #caribbean howtohustlefromhome #50successsecrets

Are you happy ? INSPIRATION FOR Hustlers: Antoinette Sydney

Have you lost your individuality by confirming to the New Age ? Are you a mindless dummy walking around on your phone 24/7 ? It is easy to fit in, just follow the crowd. Are you happy ? It is pleasing to look at the little things and be grateful. The birds in the sky laugh at us,as we rush to get to our meaningless jobs ,then we rush to return home,enduring hours of traffic,each day. What kind of life is that? I observe people as they pass by, long faces , no joy and a general lack of zest for living . At the end of the month,after the rent is paid,the bills are covered,the bank account loses more weight. We then wait for the next salary to repeat the process. Be brave,be strong. Now is the time for innovation,follow your passion.

Sometimes when you follow your dreams,you are heart broken,then you wake up and the dream is over. But if you follow your passion and listen to your heart ,if you are disappointed,you will try again. Don’t lose yourself in the crowd . Walk in the opposite direction. Make up your mind to go on a journey of self discovery. Explore yourself ,find out exactly just how likeable you are. When you find yourself,there will be a peace within you. You will be happy,when you are happy with yourself, the world will be happy with you. You must be content with the person that you are NOW. It is a hopeless quest to find happiness in someone else.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

Youtube: http://www.youtube.com/c/AntoinetteSydney

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#antoinette #sydney #ebook #trinidad #online #lawyer #caribbean #attorney #aml #consultant #ebooks #writer #sydneygroup #sydneyprintery #asydneyprintery #trinidad howtohustlefromhome #50successsecrets

What happens after a SAR/STR is made in Trinidad

The Financial Intelligence Unit (FIU) receives the SAR/STR and analyses it. If there is a criminal offence the FIU prepares an Intelligence Report (IR) and forwards it to the Fraud Squad or the Financial Investigative Branch (FIB) of the Trinidad and Tobago Police Service (TTPS) or the Anti-Corruption Unit of the TTPS.

An investigation is then launched based on the intelligence contained in the Intelligence Report. The FIU is supposed to “sanitize” the information by removing names of reporting employee and the Compliance Officer.

Fraud Squad, Financial Investigative Branch , or the Anti-Corruption Investigative Branch (ACIB)  will start visiting the premises of the suspect, asking questions, looking for witnesses, providing the DPP with information in order to receive instructions to start preparing charges.

FIU may be asked for additional information such as any other SARs/STRs reported in the past.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Order her new eBook now: How to Hustle from Home: 50 Success Secrets
Get a free sample of two chapters here
https://linktr.ee/asydneygrouptt

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

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

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#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 howtohustlefromhome #50successsecrets

What should Customer Information Form(CIF) for Companies contain

Company Name

The registered name of the limited liability company. In law, a limited liability company has its own legal personality.

Date & country of incorporation ;

This will reveal whether the company is an external company registered in another country. The date is indicative of the age of the company.

Registration Number

This registration # also indicates the length of time that the company was in existence because it contains the year that the company was registered accompanied by other numbers.

Permanent Address;

Registered office address of the company, this should be reflected on the Form 4 or Notice of Address and or the Forms 28(Annual Returns).

Mailing Address

A PO Box or Bag #, that the company uses will suffice because the registered office address was already captured above.

Telephone #

Please ask for a current number and extension where applicable.

Email address

Preferably the company’s email address.

Purpose of Intended Nature of Business Relationship

This is not the services offered by the Company, but it is the reason for the customer approaching your entity.

Name, Addresses of Directors/Secretary/Officers/Authorized Signatories

Full name, as it appears on their Government issued Identification documents;

Position ;e.g.  Directors, Secretaries;

2 forms of valid, government issued identification;

Expiry date, will assist in determining whether the ID is valid;

Country of Issue; Helpful in identifying Non Residents or countries that are High Risk.

Identity of Shareholders holding more than 10% Paid Up Share Capital.

Paidup capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paidup capital is created when a company sells its shares on the primary market, directly to investors -Most Applicable to Public Companies, trading on the Stock Exchange reference: https://www.investopedia.com/terms/p/paidupcapital.asp

The Name of the Beneficial Owner

“The natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement.” FATFWhy would an individual choose to be the beneficial owner?

Two forms of IDs for the beneficialowner

Valid , government issued photo identification

Address of Person ;

Permanent address of the UBO

Occupation;

Source of Funds Declaration

Source of funds refers to the origins of the activity that generated the particular funds or assets which are used in the transaction between the customer and the FI/LB. eg $136,000 from bank loan proceeds from ACB Arima ,  or $136,000 from Company Account, Tobago Branch chq # XXX

Customer Declaration;

Signature of Customer;

The Company Stamped should be used by the customer, who is acting for and on behalf of the company.

Official Use Only;

For Compliance Review;

There should be a check box or Yes/No option to confirm whether these Sanction Lists were consulted:

UN 2253 List;

FATF Non-Cooperative Countries and Territories;

TT Consolidated List of Court Orders

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

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

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

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

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

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

Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#cif #customerinformation #trinidad #caribbeanonlinelawyer #legal #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