that, in january 2015, trinidad and tobago will be the first caribbean jurisdiction to undergo the fourth round mutual evaluation utilizing the revised financial action task force ’ s ( fatf ) forty recommendations. in this regard, trinidad and tobago is inter alia required to demonstrate cooperation and coordination among all stakeholders at the national level. while the signing of this mou and other forthcoming agreements will definitely help us to bridge gaps that previously impeded our aml / cft efforts, the fourth round is rigorous, time - consuming and will call for considerable resources, both technical and financial. the central bank is concerned that the national aml / cft committee, which plays a crucial role in enabling national stakeholders to work with each other to combat money laundering and terrorism financing, has not met since july 2013. we are of the view that this committee needs to expeditiously recommence its activities, given the extremely short timeframes in which trinidad and tobago has to remedy its third round deficiencies as well as prepare for the fourth round. as financial regulators, we have a shared responsibility when it comes to the effectiveness of the regime in place to protect our country and its citizens from organized financial crime. the law enforcement authorities also have a responsibility to adapt their efforts and capacities. in closing, ladies and gentlemen, the challenges facing financial policymakers are daunting but we must maintain the momentum for undertaking courageous and bold reforms of our financial system. this is a journey we must make collectively, and the signing of today ’ s mou is an excellent opportunity to make further progress. both the sec and the central bank are demonstrating that we are incorporating international best practices into our own regulatory and supervisory regimes. the central bank certainly looks forward to increasing collaboration with the sec and with the fiu in the year ahead. i end as i began, with a number : we have only 360 days to prepare for the fourth round mutual evaluation scheduled for 2015. i thank you. bis central bankers ’ speeches

and confidence. if i may say so myself, the redesigned website is more aesthetically pleasing. it highlights the bank ’ s new corporate logo, and colours and really does justice to the bank ’ s image as the industry leader and regulator, and a major player in the financial sector of trinidad and tobago and in the region. the site has been redesigned to offer something to the casual browser ( who can get a quick idea of the scope of our activities ), to the researcher ( more interested in statistics and financial analysis ) or to someone looking for information on how to book the auditorium or to plan a tour to the money museum. there is transparent information on the financial institutions act and on the process of bank and insurance supervision ; the website will be linked to that of the financial services ombudsman which would expose the user to a whole new set of information. we like to feel that we are the employer of choice, so we have also included information on career opportunities and competency profiles for jobs within the bank. the new website is easier to navigate and attractive. information on the website is classified into simple groupings to meet the needs of out core publics : employees, financial institutions ; researchers and academics ; other central banks ; external financial institutions ; the media and the national community as a whole. the scope of statistical information has also been expanded to meet user needs. information on monetary policy developments, economic developments, bank information, data and statistics are now available. the financial environment is changing very rapidly – more so now than at any period in our history and this is being driven by the proliferation of modern information technology. as we respond to these changes, we invite the public to access our resources to find out more about us, so that you can enable us to better serve you. let me emphasise that the media will continue to be an important part of our communications strategy - even if you misquote us sometimes. you have a ready audience that our website will never be able to rival. the advantage of our website is that it creates an expanded and direct communications channel between the bank and its publics. also, while in the media, the message is mediated and the quality and accuracy are beyond our control. in our website we have no excuses, since we have full control of the message. i wish to thank all the persons responsible for bringing us to this point. i encourage the media and the public at large to be vigilant in ensuring that the site is adequately maintained and