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?

Respostas de Advogados

Bourgg International Law Firm

Law Office of Charles and Associates

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