Saturday 24 August, 2019

BATT welcomes JSC on Anti-Terrorism Bill, wants swift passage

The Bankers Association of Trinidad & Tobago (BATT) said it is eager for the swift passage of the Anti-Terrorism Amendment Bill as it said terrorism is threatening the local banking sector and Trinidad and Tobago in general.

In a statement issued on Tuesday, BATT said it is in full support of the Government's decision to convene a Joint Select Committee as a forum that will encourage the full ventilation and resolution of relevant concerns, as it relates to the passing of the Bill.

BATT called for the productive engagement of the JSC as it said Trinidad and Tobago ought to join other countries in the fight against terrorism financing.

"The dialogue on this impending piece of legislation comes at a time when terrorist activity is rife and becomes even more critical in the context of an uptick in violent crime and criminal activity."

"With respect to terrorism financing activities, Trinidad and Tobago’s banking sector faces possible termination of corresponding banking relationships, which ultimately would have far-reaching implications for citizens of Trinidad and Tobago, if adequate measures are not taken to address these activities. Therefore, once this Bill is passed Trinidad and Tobago would have achieved a significant milestone towards satisfying the major requirements of Financial Action Task Force (FATF)."

BATT also noted that it remains committed to working with Government for the benefit of the country, its citizens and future generations.

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