Know thyself!

Know your enemy and know yourself.

Figure VI

Please describe any due diligence' or know your customer' requirements.

The due diligence' and know your customer' requirements are specified in Section 4 of the Central Bank of Trinidad and Tobago Guidelines on Combating Money Laundering and Terrorist

The investments in the transmitting State by the foreign persons could be made in the name of the foreign intermediary, which confirms to the payors of income in the transmitting State that the beneficial owner is a foreign person and that all applicable know your customer requirements are complied with.

Dealers are therefore required to take measures to prevent money laundering and terrorist financing by exercising customer due diligence, introducing know your customer rules, keeping records, reporting suspicious transactions and undergoing regulation and supervision procedures.

For example, the transmitting State may provide that foreign persons investing in the transmitting State can channel those investments through a foreign intermediary (a foreign financial institution) that agrees to comply with applicable know your customer requirements similar to those in the transmitting State.