Declaration Section :
According to the Financial Action Task Force (FATF), “Politically
Exposed
Persons” (PEPs) are individuals who are/ have
been entrusted with a prominent public function. Due to their position
and influence, it is recognized that many PEPs
are in positions that potentially can be abused for the purpose of
committing money laundering (ML) offences and related
predicate offences, including corruption and bribery, as well as
conducting activity related to terrorist financing
(TF). Some examples of PEPs in Trinidad and Tobago are;
› Head of State – the President of the Republic of Trinidad and
Tobago
› Head of Government – the Prime Minister
› Senior Members of the Legislature e.g. The Speaker of the House
and the
President of the Senate
› Senior Politicians e.g. all Members of Parliament, Government
Ministers,
Mayors , Leader of the Opposition, Chairman
and Chief Secretaries of the Tobago House of Assembly, Parliamentary
Secretaries
› Senior Government Officials e.g. Permanent Secretaries, Chief
Technical
Officers, an Ambassador or High Commissioner,
Assistant Commissioner of Police or higher rank
› Judicial Officials e.g. Magistrates, Judges of the Supreme
Court, Judges
of the Industrial Court, Judges of the
Caribbean Court of Justice.
› Military Officials – a Lieutenant Colonel or higher rank
› Senior executives of State owned corporations e.g. Members of
the Boards
of all Statutory Bodies and State Enterprises
including those bodies in which the State has a controlling interest
› Senior political party officials e.g. Chairman, Political
Leader and
Deputy Political Leader of a political party.
› Immediate Family Members who are related to the PEP through
birth or
marriage such as spouse, parents, siblings or
children of that person and the parents, siblings and additional
children of the person’s spouse.
› Close associates who are socially or professionally closely
connected to
a PEP