Search Results for: money laundering

Casino gambling roulette table
By The Publisher On Tuesday, April 30th, 2019
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Volkskrant describes St. Maarten as money laundering center

PHILIPSBURG – Sint Maarten made headlines in the Volkskrant on Tuesday and the news was not good. “An attractive island for tourists – and for criminal gangs that launder money,” correspondent Kees More...

MP Franklin Meyers on FATF regulation in Parliament - 27 Feb 2019
By The Publisher On Thursday, February 28th, 2019
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Resistance against money laundering ordinance

PHILIPSBURG – National Alliance MP Christophe Emmanuel and United Democrats MP Franklin Meyers are not in favor of a national ordinance that aims to regulate the fight against money laundering and the financing More...

PEP - Politically Exposed Person
By The Publisher On Thursday, February 28th, 2019
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Politically Exposed Persons in the crosshairs of money laundering legislation

PHILIPSBURG - The draft national ordinance that aims to regulate the fight against money laundering and terrorism financing embraces all forty recommendations of the Financial Action Task Force. One of these recommendations More...

CFATF Caribbean Financial Action Task Force logo
By The Publisher On Friday, February 8th, 2019
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CFATF: Anti-money laundering system remains vulnerable

PHILIPSBURG – St. Maarten is the only member of the Caribbean Financial Action Task Force (CFATF) that can be considered a risk to the framework of anti-money laundering and the fight against the financing More...

Joint Taskforce OM RST KPSM FIU
By The Publisher On Monday, February 5th, 2018
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Joint approach in registration of reporting agents with FIU against money laundering

PHILIPSBURG — In August 2017, the Public Prosecution Service, KPSM, RST and FIU Sint Maarten launched a criminal investigation into 13 service providers that do not, or insufficiently, cooperate with their More...

Money laundering 20171221 - HH
By The Publisher On Thursday, December 21st, 2017
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Bonaire: hot spot for money laundering

KRALENDIJK – Politicians and entrepreneurs in Bonaire have to be alert on investors that come with beautiful plans, Gijs van den Heuvel writes on Caribisch Netwerk. The island is attractive for people who want More...

Bakker recycling 20170314 - HH
By The Publisher On Wednesday, March 15th, 2017
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Bakker Recycling subject of money laundering probe

GREAT BAY – The nerves are raw at Bakker Recycling on Pond Island after the police raided the place yesterday morning at the request of Dutch judicial authorities as part of a large-scale money laundering investigation. More...

Pallets of Cash
By The Publisher On Thursday, February 28th, 2019
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Invisible money

By Hilbert Haar De-risking has become a buzzword in the financial world. Banks risk huge fines if they do business with clients that are associated with money laundering. Therefore, they create a risk-profile and More...

Ourt Court House by Alphonso Nestor-Hubert
By The Publisher On Thursday, March 8th, 2018
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Court acquits man of possessing counterfeit money

PHILIPSBURG – The Court in First Instance acquitted a man on Wednesday of the possession of counterfeit money, a firearm and ammunition. Levy W., 39, was at the parking lot of the Westin Hotel on May 29, 2016 More...

TBO Anti Corruption Taskforce
By The Publisher On Wednesday, September 11th, 2019
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Two arrested and released in BTP-investigation code name Aquamarine

PHILIPSBURG — On Monday September 2, 2019, a member of parliament of Sint Maarten was detained by agents of the Anti-Corruption Taskforce (TBO). He is suspected of accepting bribes, (co)committing official More...