Financial Intelligence Unit’s powers are regulated by law
PHILIPSBURG — In the first quarter of 2025 St. Maarten will be evaluated by the Caribbean Financial Action Task Force (CFATF). “We should have started with the preparations last year but unfortunately we have not managed to do that due to the pandemic,” says Ligia Stella, the director of St. Maarten’s Financial Intelligence Unit (FIU, often More...
Attorney warns against dire consequences of foreign exchange restrictions
PHILIPSBURG – “If this ship sinks we all sink together,” is the conclusion of an opinion HBN Law attorney Michelle Wever wrote about the potential consequences of measures the Central Bank of Aruba took back More...
Plan for deposit guarantee regulation: too little, too late
PHILIPSBURG – The Central Bank of Curacao and Sint Maarten (CBCS) has presented the governments of both countries with a draft national ordinance aimed to establish a deposit guarantee regulation. Such a measure More...
Bank Fees should be justified and approved by Parliament
The Sint Maarten Insurance Brokers Association is calling on the 15 newly elected members of parliament to go to work soonest and focus on some key issues relating to the financial sector. Besides our own experiences, More...
“Public statement is a blemish on the whole Kingdom”
PHILIPSBURG – The Caribbean Financial Action Task Force (CFATF) issued a public statement against St. Maarten during its fiftieth plenary meeting in Antigua last week. This is due to the country’s failure to More...
Central Bank counters complaints by Ennia’s supervisory board
PHILIPSBURG – The Central Bank of Curacao and St. Maarten (CBCS) is not happy with a letter Faroe Metry, president of the supervisory board of insurance company Ennia’s operating units, wrote. The Central Bank More...
A Salute To Men – International Men’s Day Observed At CIBC FirstCaribbean
St. Maarten, Philipsburg, November 21, 2019 – CIBC FirstCaribbean St. Maarten saluted their male staff as the bank observed International Men’s Day (IMD) recently. Under this year’s theme, “Men Leading More...
Foreign investors move in on St. Maarten’s banking sector
PHILIPSBURG – Foreign investors are moving in on the banking sector in St. Maarten, After Trinidad-based Republic Financial Holdings Limited bought the activities of Scotia Bank – that will now become Republic More...
Bob Traa appointed Central Bank president
WILLEMSTAD/PHILIPSBURG — Effective June 13, 2019, Bob Traa has been temporarily appointed by the Supervisory Board (SB) of the Central Bank of Curaçao and St. Maarten (CBCS) as President of the CBCS in anticipation More...
Public Service Announcement CBCS
Public Service Announcement provided by the Central Bank of Curacao & St. Maarten. If you have renovated or purchased big-ticket items for your home, then you need to get an appraisal and adjust your insurance More...
