Providenciales, Turks and Caicos Islands – Wednesday, 6th May 2026: The Treasury, under the Ministry of Finance, Investment, and Trade, is implementing new verification standards as part of the recently approved Anti-Money Laundering and Know Your Vendor (AML/KYV) policy.
All individuals and businesses wishing to do business with the Government must complete a verification process before they can be onboarded or receive payment.
No first‑time vendor payment will be processed unless the vendor has been fully verified and onboarded in accordance with this policy. Existing vendors will also be contacted in phases to provide any additional information required to complete their verification.
Vendors should be prepared to provide the following:
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Business details (e.g. business licence, registration documents, contact information)
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Banking details (e.g. bank name, account number, SWIFT/BIC or routing number)
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Proof of bank account (bank letter or recent bank statement)
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Identification documents for individuals and authorised representatives
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Ownership information, including beneficial owners where applicable
Please note that;
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Incomplete or incorrect information will delay onboarding and payments.
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Vendors must inform the Treasury of any changes to their details.
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Verified vendors may be reviewed periodically to ensure ongoing compliance.
This policy forms part of the Government’s continued efforts to safeguard public funds, prevent fraud, and comply with international AML/CFT standards.
For further information or assistance, please contact