Who Should Register with the FIUTT
All businesses, companies and individuals that perform the functions defined in Section 2 and the First Schedule of the Proceeds of Crime Act (FIUTT List of Supervised Sectors) are required to register with the FIUTT. These entities, collectively called Supervised Entities, are categorized as non-regulated financial institutions or listed businesses.
Please consult the FIUTT List of Supervised Sectors to confirm whether you need to be registered with the FIUTT.
How to Register with the FIUTT
The FIUTT’s registration process is simple 4 stage process:
- Confirm your business is required to register;
- Download and complete the Registration of Listed Business form either electronically or manually with a blue ink pen;
- Print and sign the form;
- Submit the form to the Director of the FIUTT along with copies of IDs and Certificate of Incorporation.
- Complete all fields
- Include accurate information
- Insert details for all directors, owners or partners
- Submit in a sealed envelope to:
Financial intelligence Unit of Trinidad and Tobago
Level 25, Tower D
International Waterfront Complex
1A Wrightson Road
Port of Spain
Trinidad, West Indies
Where do NPOs Register?
All NPOs are required to register with the Registrar General Department (“RGD”) (http://www.legalaffairs.gov.tt/index.html) in accordance with Section 5 of the Non-Profit Organisations Act, No. 7 of 2019 (“NPOA”) (http://www.ttparliament.org/legislations/a2019-07.pdf) for the purpose of identifying yourself as an NPO.
Your application for registration under Section 5(4) of the NPOA must be submitted to the Registrar Generals’ Department and must include the following:
- a prescribe form from the RGD;
- copies of constituent documents of the NPO;
- copy of photo identification (i.e. passport, drivers’ permit or national identification card) of the controller;
- a completed AML/CFT/PF risk assessment questionnaire (http://www.legalaffairs.gov.tt/Forms/NPOSectorRiskAssessmentQuestionnaire.pdf );
- a fee prescribed by Rules; and
- such other information as may be prescribed by Rules.
Failure to register is an offence. A person who fails to register as an NPO under the NPOA with the RGD commits an offence and is liable on conviction on indictment to a fine of fifty thousand dollars ($50,000) and to imprisonment for seven (7) years.
NPOs are also notified of their anti-money laundering/counter financing of terrorism (AML/CFT) legal obligations to mitigate and report suspicious transactions/activities or possession of terrorist funds once identified in their due diligence processes. Further only those NPOs with an annual income of over Five Hundred Thousand Dollars ($500,000) will be supervised by the FIU. For detailed information on your AML/CFT obligation, please consult the FIU’s AML/CFT Guidance Note for NPOs.