AML/CFT/CPF Compliance

Effective anti-money laundering, counter-financing of terrorism and counter-proliferation financing controls help prevent gambling businesses from being used to facilitate financial crime.

Licensees must maintain risk-based controls appropriate to the nature, size and complexity of their operations and comply with applicable AML/CFT/CPF legislation, FIUTT requirements, licence conditions and regulatory directions.

Access PRYME Portal

Home > Compliance > AML/CFT/CPF Compliance

Regulatory Obligations

Regulatory Roles and Coordination

Section 31 of the Gambling (Gaming and Betting) Control Act, 2021 identifies the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) as the Supervisory Authority responsible for the AML/CFT/PF supervision of gambling establishments.

FIUTT:

Supervises gambling establishments for compliance with applicable AML/CFT/CPF legislation; receives and analyses suspicious transaction and activity reports; issues reporting standards and guidance; and takes supervisory action where necessary.

GCC:

Regulates and licenses the gambling sector; considers AML/CFT/CPF risks during licensing and suitability assessments; examines compliance with licence conditions and internal-control requirements; conducts inspections; and coordinates with FIUTT where deficiencies or relevant concerns are identified.

A licensed gambling establishment must apply for registration with FIUTT within five (5) business days of obtaining its licence to operate as a gaming or betting establishment.

Compliance with GCC requirements does not replace a licensee’s obligations to FIUTT.

Similarly, a submission made to FIUTT does not replace a separate notification or report required by GCC.