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?

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

Request a quotation: 868 373-1166

Website: http://asydneygroup.com

Services: AML Audits;

AML Compliance Program;

AML Training;

Consulting

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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

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What does PEP mean? AML Compliance Consultants

PEP is an acronym for Politically Exposed Person. The FATF Recommendations require the application of additional CDD to business relationship with PEPs due to the potential risk associated with PEPs.

This does not only refer to politicians but there are different categories of PEPs:

Category 1Foreign PEP;

Category2- Domestic PEP;

Category #3 -International Organizations;

Category #4-Immediate Family Category # 5- Close associate

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.

Whats app 868 373-1166 for quotation

Website: http://asydneygroup.com

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What does CO mean? : AML Compliance Consultants

Have you been selected for the position of CO in the company? I assure you that it is not a ceremonial position.

We Provide Compliance Officer outsourcing services, request a quotation today Whatsapp 868 373-1166 , Website http://asydneygroup.com

CO is an acronym for “Compliance Officer”. This is someone with a background in law, finance, management, insurance, accounting who will ensure that your company follows all the laws and regulations with respect to anti-money laundering.

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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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What does the FIU mean?AML Compliance Consultants

The Financial Intelligence Unit (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.

Check out my Youtube video!!

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

She is a Certified Professional in the following areas:

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Taxation;

Corporate Training;

Graphic Design.

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What is an AML Compliance Officer?AML Compliance Consultants

This is someone with a background in law, finance, management, insurance, accounting who will ensure that your company follows all the laws and regulations with respect to anti money laundering .

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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.

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

She is a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

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How do you create Cash Flow Projections to open Business Business Bank Account ?

There are two important aspects of a Cash Flow Projection:

1.An estimation of the total income that the business will receive in 1 month;

2.An estimation of all the expenses incurred by the business in 1 month.

For assistance with Cash Flow projections call Sydney 868 373-1166

Income

In order to determine the income that your business generates, you should be keeping a great record of all the money that you receive. It can be as simple as having a receipt book or using an excel sheet to list the amount of money earned. It can be more sophisticated by using accounting software or an application on your phone. As a business owner you must keep track of all the cash earned in order to determine how to make improvements to ensure that the business is sustainable.

For assistance with Cash Flow projections call Sydney 868 373-1166

Expenses

You should also have a well maintained record of the money that you are spending to further the business. You may keep a folder to store all receipts and log the respective sums in it. You may find that some expenses are fixed and are incurred monthly. Some examples of expenses are travelling expenses, raw materials.

For assistance with Cash Flow projections call Sydney 868 373-1166

You will basically subtract your expenses from your income to show whether the business is making a profit or a loss.

The author is an attorney at law based in Trinidad and Tobago. Please see: http://asydneygroup.com 

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How to use your Subconscious Mind to Accomplish Anything in Life ? MUST READ

Your subconscious is a silent observer of your thoughts,words and action . Your subconscious mind does not understand negative commands . Check your thoughts hourly , conduct a weekly audit to see if your thoughts are negative or positive .

Develop positive affirmations that are easy to remember . Purchase the beads used in meditation and repeat your chant at least 108x. Honestly believe that it will come to past ,eliminate all doubt in your mind. See yourself graduating with that degree ,imagine your spouse congratulating you on that new business .

Your subconscious mind will now bring it to reality . It is now important for you to avoid all negativity ,go on a news fast . It is done.

The author is an attorney at law based in Trinidad. She specializes in Financial Crimes and Corporate Law. She is a Certified Corporate Trainer, Certified Anti Money Laundering Expert and Certified Fraud Risk Manager.

Website: http://asydneygroup.com

Call or Whatsapp: 868 373-1166

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What ARE the Benefits Of Incorporating A Company ??!!

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1.A Company Bank Account Can Be Opened In Respect Of The Company;

2.The Company Can Enter Into Contracts;

3.Distinct Liability From The Directors.

4.Lass Forever Whereas A Sole Trader Business Dies With The Individual

The author is an Online Lawyer based in Trinidad and Tobago. She specialises in Corporate Law and Financial Crimes.

She is a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

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What ARE Annual Returns ?

This Document Presents An Up To Date Snapshot Of All Directors And Officers Of The Company, Share Capital As Well As Company Debts.

When Conducting Company Business, Banks And Other Stakeholders Will Request The Most Recent Annual Returns.

When Should A Company File An Annual Return??

The Law States That A Company Should File An Annual Return No Later Than 30 Days After Each Anniversary Date Of Its Continuance, Incorporation Or Amalgamation At The Companies Registrar.

The Author is an Online Lawyer based in Trinidad and Tobago.

She specialises in Corporate Law and Financial Crimes.

She is a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Website : http://asydneygoup.com

Call or Whatsapp 373-1166

Email : asydneysolutions@gmail.com

No Weapon formed Against you will Prosper

She welcomed three bundles of joy last Friday night. She groomed the first kitten and look at him in astonishment. She was a mommy,she gave birth to her kittens under my staircase. The same spot that I placed her,to die comfortably ,six months ago. She suffered an injury to her mouth after she attempted to run across the street and a car ran into her. At the time,she experienced great pain and could not eat her food to regain strength. I put her favorite blanket and chew toy and smiled as I expected her departure.

Six months later,in this same spot,she gave birth to 3 lovely kittens. I reflected on life. Sometimes people think that they have set you up for failure . They devise plans and schemes to orchestrate your demise . The universe will serve you justice and you will prosper where your enemies intended for you to perish.

Great things are on their way to you,because no weapon formed against you will be able to prosper. Every wicked plan for your life will return void unto the sender.

The Author is an attorney at law in Trinidad. She specializes in Financial Crimes .

See her website :http://asydneygroup.com

Whatsapp 868 373-1166

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