Financial Intelligence Unit (FIU)
21st May 2014
On Wednesday May 21, the three regulators in the financial sector, the Trinidad and Tobago Securities and Exchange Commission (TTSEC), Financial Intelligence Unit (FIU) and the Central Bank of Trinidad and Tobago (CBTT), formalised an agreement concerning cooperation and information sharing. This agreement will result in greater co-ordination and co-operation in order to facilitate the investigation and prosecution of persons suspected of money laundering and terrorist financing as well as the criminal activity related thereto.
Some of the main issues which gave rise to the formal execution of this agreement were the absence of a formalised process for the sharing of information; the appearance of arbitrary and unauthorised requests for information; and the concern surrounding confidential information and resulting liability. This Memorandum therefore sets forth a statement of intent by these authorities to establish a framework to facilitate the exchange of information relating to their respective functions and duties. It is anticipated that co-operation will be achieved primarily through written requests, ongoing consultations, periodic meetings, training events and other practical arrangements as may be developed by the Authorities.
Securities Dealers Association of Trinidad and Tobago (SDATT)
8th January 2014
The Trinidad and Tobago Securities and Exchange Commission (TTSEC) conducted its first stakeholder outreach meeting for 2014 with the Securities Dealers Association of Trinidad and Tobago (SDATT) and executed a protocol governing their relationship at the Courtyard Marriott Hotel on January 8th, 2014.
Central Bank of Trinidad and Tobago (CBTT)
6th January 2014
The Trinidad and Tobago Securities and Exchange Commission (TTSEC) was engaged in an historic signing of a Memorandum of Understanding (MOU) with fellow regulator in the financial sector, the Central Bank of Trinidad and Tobago at the Hyatt Regency on January 6th, 2014.