Financial Crime World

High Court Outlines Arrangements for Listed Entities in Trinidad and Tobago

The High Court of Trinidad and Tobago has outlined arrangements for listed entities in Section 5 of the respective Economic Sanctions Orders (ESOs).

Application Process for Designated Entities

According to Section 5, a designated entity, which is an individual or entity designated as a terrorist entity by the United Nations Security Council, the 12267, 1989, and 2253 Committee, or the 1988 Committee, can apply for review of an order within 60 days of its publication.

  • The application must be filed with the High Court and include reliable, relevant information about proposed transactions and justification for the request.
  • The Anti-Terrorism Unit, Office of the Attorney General, and Ministry of Legal Affairs must also be notified and served a copy of the application.

Requirements for Variations of Orders

Additionally, if the application concerns a designated entity, prior consent or non-objection from the United Nations Security Council or respective Sanctions Committee is required to permit financial arrangements by way of variation of an order.

  • The High Court will ensure that this requirement is met before granting any order.
  • It is critical to note that unless the High Court makes arrangements within the initial prohibitory order or thereafter varies an order accordingly, all property of a listed entity remains frozen and any dealings with same are not permitted.

Contact Information

For further information, members of the public can contact:

  • Anti-Terrorism Unit, Office of the Attorney General and Ministry of Legal Affairs at (868) 223-AGLA(2452), Fax: (868) 226-5145, or E-mail: antiterrorismunit@ag.gov.tt

Important Notes

  • This document has been prepared for information purposes only and does not relieve individuals of any obligation under the laws of Trinidad and Tobago.
  • Members of the public should familiarize themselves with the Anti-Terrorism Act, the Economic Sanctions Act, the Iran ESO, the DPRK ESO, and all other relevant laws.
  • This document is not intended as and does not constitute legal advice. Each case is unique and members of the public should seek the advice of a qualified attorney-at-law with respect to their particular case.