Categories: Top News

Trinidad and Tobago Strengthens Financial-Crime Framework

President Christine Kangaloo of Trinidad and Tobago has initiated three pieces of legislation aimed at bolstering the nation’s financial-crime framework. The legislation, which becomes effective on November 17, is another step in the government’s ongoing effort to modernize its laws against money laundering, terrorism financing, and proliferation financing. The legal notices activate various amendments related to the Financial Action Task Force (FATF) that were passed between 2020 and 2025. These amendments address several laws, including the Proceeds of Crime Act, the Anti-Terrorism Act, and the FIU Act, and aim to enhance supervision, reporting, and enforcement across the financial sector. These changes also encompass non-profit regulation, asset recovery, and information sharing – areas previously highlighted in FATF evaluations. All three pieces of legislation require a presidential proclamation to become effective and will be enforced collectively.

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