FIU Masthead

WHO MUST REGISTER

Non Regulated Financial Institutions

Type of Financial Institution

Interpretation

Laws of Trinidad and Tobago

Credit Union

Within the meaning of the Co-operative Societies Act.

Chap. 81:03

Building Society

Registered under the Building Societies Act.

Chap. 33:04

Money or Value Transfer Services

A financial service that accepts cash, cheques, other monetary instruments or other stores of value in one location and pays a corresponding sum in cash or other form to a beneficiary in another location by means of a communication, message, transfer or through a clearing network to which the money value service belongs.

 

Listed Businesses

Type of Business

Interpretation

Laws of Trinidad and Tobago

Real Estate

Any natural or legal person, partnership or firm carrying on the business of buying, selling or leasing land and any interest in land or any, buildings thereon and appurtenances thereto.

 

Motor Vehicle Sales

Any natural or legal person, firm or partnership, carrying on the business of selling or leasing new or used motor vehicles as defined under the Motor Vehicles and Road Traffic Act.

Chap. 48:01

Gaming House

Any such business registered under the Gambling and Betting Act.

Chap. 11:19

 

Pool Betting

Any such business registered under the Gambling and Betting Act.

 

Chap. 11:19

National Lotteries On-Line Betting Games

The business of lotteries operated in accordance with the National Lotteries Act.

Chap. 21:04

Jewellery

A business licensed under the Precious Metals and Precious Stones Act.

Chap. 84:06

A Private Members' Club

A Members' club which is granted a certificate under Section 5(4) of the Registration of Clubs Act.

Chap. 21:01

An Accountant, an Attorney-at-law or other Independent Legal Professional

 

Such a person is accountable when performing the following functions on behalf of a client:

(a) buying and selling of real estate;

(b) managing of client money, securities and other assets;

(c) management o f banking, savings or securities accounts;

d) organization of contributions for the creation, operation or management of companies;

(e) creation, operation or management of legal persons or arrangements, and buying and selling of business entities.

 

An Art Dealer

An individual or company that buys and sells works of any category of art.

 

Trust and Company Service Provider

Any such person when he prepares for and when he carries out transactions for a client in relation to the following activities:

(a) acting as a formation agent of legal persons;

(b) acting as (or arranging for another person to act as) a director or secretary of a company, a partner of a partnership or a similar position on relation to other legal persons;

(c) providing a registered office, business address or accommodation, correspondence or administrative address for a company a partnership or any other legal person or arrangement;

(d) acting as (or arranging for another person to act as) a nominee shareholder for another person;

(e) acting as, or arranging for another person to act as a trustee of an express trust.

 

Source: Proceeds of Crime Act, Chap. 11:27 as amended

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International Waterfront Complex
1A Wrightson Road
Port of Spain
Trinidad, West Indies

Tel: 1(868) 625-8351

Fax: 1(868) 627-7018

Email: fiutt@gov.tt

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