Kangaloo signs FATF Act into law

President Christine Kangaloo has enacted a series of legislative measures aimed at aligning Trinidad and Tobago with international financial and tax regulations. The newly signed laws, published in the TT Gazette on November 16, include the Miscellaneous Provisions (Financial Action Task Force Compliance) Act, 2025, along with specific sections of related acts from 2024 and 2020. These laws, effective from November 17, amend key legislation such as the Prevention of Corruption Act, Anti-Terrorism Act, and Mutual Assistance in Criminal Matters Act. Attorney General John Jeremie emphasized the significance of these reforms, noting that Trinidad and Tobago had previously avoided severe financial repercussions after being removed from the FATF grey list in 2020. Despite progress, the country remains on the EU’s list of non-cooperative tax jurisdictions, alongside nations like Panama and Russia. The government plans to introduce further legislation to address remaining FATF recommendations, with Trinidad and Tobago set to undergo assessment by the Caribbean Financial Action Task Force in March 2026.