FIU Requirements and Regulation
An Individual, company or partnership acting as an agent engaged in buying or selling land / buildings for gain
What is a Real Estate Business
DAILY DOUBLE (Earns 3 X the Points value)
All updates to customer’s FATCA and CRS static information should be made in the BLANK (CRM) system, which maps to BLANK (PhxSys).
What is Customer Relationship Management system & Phoenix system
In compliance, sudden wire transfers, incoming transfers of round dollar amounts, apparent over or under invoicing of goods and service. These are what types of activities
What are Red Flag activities
This document allows Financial Institutions to capture and report on any foreign accounts held by an Individual or Entity for Tax purposes
What is the FATCA form/ AML 6A/6B
No facilities can be granted if any one of these persons hold certain positions within the Gambling sector and earns income from those business operations.
Who is the Shareholder and/or Owner (On-boarding Circular)
Civic, Hilux, Navara and BYD are all types these and sold by listed businesses of this industry
What is the Car/ Motor Vehicle Sales Business
Annual homeowner’s renewal notices in the company’s or individual’s name on the insurer’s letter head, is an accepted form of this compliance document.
What is the Proof of Address
Internet checks on Customers, requesting credible supporting docs, justifying the purpose of a transaction
What are Examples of Due Diligence/ Enhanced Due Diligence
The Acronym FATCA means this in financial terms
Foreign Account Tax Compliance Act
Customers who are Manufacturers and Sellers of Arms and Munitions (Govt’s current agenda); Cryptocurrency Exchange Business (e.g. Bitcoins); Marijuana Related Businesses is a list of these
What are PROHIBITED CUSTOMERS found at the end of the AML 5 form
This business carries on its operations without financial or monetary gains except reasonable compensation for services rendered.
What is a NPO Non-Profit Organisation
All company registration information can be found and validated on this document which is renewed annually.
What is the Annual Return/ Form 28
DAILY DOUBLE (Earns 3 times the Points value)
With a population of 9 million and sometimes considered the “Lungs of Europe”. Belarus is labelled this in Compliance
What is a High Risk country
A FATCA form is completed with an identifiable TIN number which is the abbreviation or shorten version of this
What is the Tax Identification Number
Mr. John of No. 42, 10 Acre Lane Piarco is a company signatory and joint party on a Mortgage Loan facility with Mr. Faris Al Rawi. Mr. John's AML 5 will note that he is this
Who is / What is a PEP Associate- AML 5
Jewellers, Motor Vehicle Sales, Art Dealers, Accountants managing client’s money or other assets and Societies are considered by the FIU as
Listed Businesses/ Unregulated businesses
Internet checks on Customers, requesting credible supporting docs, justifying the purpose of a transaction are all examples of this
What are Examples of EDD/ Enhanced Due Diligence- Non Personal
All company registration information can be found and validated on this document which is renewed annually.
What is the Annual Returns/ Form 28
Trinidad and Tobago also carries its own TIN number described by this 3-letter acronym
What is the BIR number (Board of Inland Revenue)
Cash deposits are/ will be in excess of TTD500K (or its foreign equivalent) per month describes a H-CIB
What is a Cash Intensive Business- AML 5
The FIUTT was established as the Supervisory Authority to secure compliance with AML/CTF Legislative regime of T&T. These legislative regimes in BOLD above are otherwise known as
Anti Money Laundering & Counter Terrorist Financing
An individual or entity owning more than 10% stake in another company is considered this
What is the Beneficial Owner/ Ultimate Beneficial Owner
As a Director, Mr. Hinds has been asked to provide 3 months IB statements in absence of a bank reference letter. This type of customer is considered
What is a Foreign National, Non-National
The AML 6A is not required to be completed for Key Persons within a Company if they Do Not have or hold this with RFHL…
What is a personal/ account in their name
DAILY DOUBLE (Earn 3 times the Points Value)
I, John Smith, confirm that I am not engaged in any of the following functions on behalf of Smith & Company.
Buying and selling of real estate; Managing of client money, securities and other assets; Management of banking, savings or etc.
What type of professional is John declaring himself to be
Who/ What are Attorneys and Accountants
AML 8