What licensing steps and ongoing compliance are required to operate a non-bank financial institution in Trinidad and Tobago under CBTT and FIU rules?

Question

I want to start a microfinance or payment services operation in Trinidad and Tobago and need clarity on licensing, AML/CFT reporting, and ongoing supervision by the Central Bank and the FIU. Could you outline the steps, required documents, typical timelines, and penalties for non-compliance, and advise if hiring a local attorney is advisable?

Bourgg International Law Firm · Accepted Answer

Dear we are prepared to assist you with the licensing steps and ongoing compliance requirements for operating a non-bank financial institution in Trinidad and Tobago under CBTT and FIU rules.

Our team can guide you through: Constitution of the Company / Licensing Application before CBTT / Registration and Compliance with FIU / Ongoing Legal and Regulatory Support

We believe this is the most effective way to establish your institution, safeguard your investment, and ensure compliance with both financial and anti-money laundering regulations.

Should you wish, we can schedule a consultation to outline the timeline, required documentation, and the strategy for moving forward.

Law Office of Charles and Associates · Answer

Given the fluid and ever changing nature of the reporting and licencing requirements, it may be advisable to hire a local Attorney to advise comprehensively on what is required.

What licensing steps and ongoing compliance are required to operate a non-bank financial institution in Trinidad and Tobago under CBTT and FIU rules?

Risposte degli avvocati

Bourgg International Law Firm

Law Office of Charles and Associates

Hai bisogno di assistenza legale personale?

Esperti legali correlati