Trinidad and Tobago listed as an FATF- Identified Jurisdiction with AML/CFT Deficiencies

Trinidad and Tobago (TT) has been added to the FATF’s list due to the lack of effective implementation of its AML/CFT framework. The Government of TT has made a commitment to work with the CFATF to address the deficiencies.

FinCEN has advised U.S. Financial Institutions to consider the risks associated with the deficiencies in TT and other countries on the list. FinCEN also advised that TT’s inclusion on the list should not be used to put into question a domestic financial institution’s ability to appropriate its relationships with its clients and should not be used as a rationale for indiscriminate de-risking.

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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