In the past two (2) articles the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) discussed six (6) of the twelve (12) considerations related to the International Monetary Fund (“IMF”) – The Bali Fintech Agenda. The Bali Fintech Agenda Policy Paper[1] provides a blueprint for successfully harnessing Fintech opportunities by …
In last week’s article the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) discussed the first three (3) considerations of the International Monetary Fund (“IMF”) Policy Paper – The Bali Fintech Agenda. The Bali Fintech Agenda identifies key considerations for policymakers when implementing Fintech policies and provides a blueprint for …
Joint Public Advisory by the Trinidad and Tobago Securities and Exchange Commission, the Financial Intelligence Unit of Trinidad and Tobago and the Central Bank of Trinidad and Tobago on “Pyramid Schemes” marketed in Trinidad and Tobago. The Financial System Regulatory Authorities are jointly issuing this Advisory to the public to …
In last week’s article the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) discussed the importance of, and some of the risks associated with, Financial Technology (“Fintech”). This week, the TTSEC will be discussing the first three (3) considerations of the Bali Fintech Agenda. Read more here—> Fintech and the …
As Financial Technology (“Fintech”) alters the attributes of financial services and market structures, financial regulation is also adapting. Among other things, Fintech products and service providers are streamlining business processes, which allow customers the opportunity to fulfil their financial service requirements through non-traditional online channels which are generally considered to …
As we come to the end of our AML series, we would like to discuss two final areas: Wire Transfers and Non-Profit Organisations. … Registrants must report large cash transactions and retain records on wire transfers regardless of whether any potential criminal activity is suspected or not. Section 34 of …
TTSEC Market Newsletter – News and Updates from the Commission – Issue #25 TTSEC Bi-annual Market Newsletter Jan- June 2020
In our series on Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”), we continue this week by providing an understanding of individuals that are classified as ‘Politically Exposed Persons’ (PEPs). PEPs are categorised as potentially high-risk customers that receive particular attention under relevant international standards and guidelines such as …
Corruption and money laundering are areas of great concern for the Trinidad and Tobago Securities and Exchange Commission (TTSEC), particularly given our role as the Supervisory Authority for Money Laundering and Terrorist Financing in the securities sector. It is now an integral part of our work because of the negative …
The Novel Coronavirus (“COVID-19”) pandemic has caused disruption of varying levels and continues to affect many nations across the globe. This widespread disruption has impacted companies in different ways and has resulted in new and innovative ways to ensure business continuity and in some cases, has caused a negative impact …
