Delegation of the European Union to Trinidad and Tobago

EU supports campaign to increase transparency in the extractive sectors

31/01/2019 - 19:23
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The project, entitled, 'Lifting the Veil on Secret Company Ownership: A Public Sensitization Campaign on Beneficial Ownership Disclosure' is the first of its kind in Trinidad and Tobago.

The European Union  has provided funding to the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) and the Trinidad and Tobago Transparency Institute (TTTI) to implement a 12-month national public awareness and sensitization campaign on Beneficial Ownership Disclosure (BOD).  The campaign is to assist Trinidad and Tobago to better comply with its international obligations related to secret company ownership disclosure and the disclosure by public officials of their holdings in the oil, gas and mining sectors.  The campaign also aims to deter tax evasion, white-collar crime and terrorist financing.   EUR 75,000 (more than TT$500,000) has been provided from the EU's Civil Society Organizations and Local Authorities (CSO/LA) thematic budget line.

Read more in the press release below.

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