Trinidad and Tobago Ministry of Finance highlights FIUTT message on VASP suspicious activity reporting as eight VASPs receive TTSEC sandbox certificates

The Ministry of Finance published a release on remarks by the Financial Intelligence Unit of Trinidad and Tobago at the Trinidad and Tobago Securities and Exchange Commission's first Industry Dialogue Series on Virtual Assets, held on May 8, 2026. In that context, the FIUTT stressed that virtual asset service providers are now subject to oversight under the Virtual Assets and Virtual Asset Service Providers Act and, like banks and other financial institutions, have a legal duty to report suspicious transactions and activities to the FIUTT. The release says this oversight is intended to help detect and disrupt money laundering, terrorist financing, and other financial crime involving virtual assets. It also notes that the TTSEC has granted certificates to eight VASPs that met the Act's requirements to operate in the sandbox. Other presentations at the event covered the virtual asset risk landscape, the legislative and regulatory framework for VASPs, and law enforcement approaches and challenges in the crypto sector, with participation from the Central Bank of Trinidad and Tobago and the Trinidad and Tobago Police Service. The FIUTT said it will continue to support the TTSEC in its future work as VASPs are assisted in meeting their obligations under the Act.