Search Results for: money laundering
Law Enforcement Council: Efforts to combat money laundering are insufficient
PHILIPSBURG — “Don’t tell me what you value; show me your budget and I’ll tell you what your values are,” is a quote attributed to American president Joe Biden that easily comes to mind after reading More...
Court verdict reveals how Frans Richardson is guilty of accepting bribes, money laundering and tax fraud
PHILIPSBURG – The Court in First Instance sentenced former Member of Parliament and leader of the United St. Maarten party (USp) Frans Richardson on January 29 to 3 years of imprisonment. The court also took away More...
COCI calls for Urgent Action by Parliament and Caretaker Government on Anti-Money Laundering Legislation and Terrorism Financing Regulations
PHILIPSBURG – The St. Maarten Chamber of Commerce Board is requesting urgent action by the House of Parliament and the Caretaker Government with respect to pending Anti-Money Laundering (AML) Legislation and More...
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...
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...
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: 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 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...
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 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...
