Ansary frustrates restructuring of insurance company ENNIA
PHILIPSBURG – Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International B.V. is frustrating the restructuring process the Central Bank of Curacao and St. Maarten (CBCS) has initiated to rescue troubled insurance company ENNIA. This appears from a press release issued by the Central Bank in reaction to what it More...
Beware: Bank card scammers on the loose
PHILIPSBURG — Several residents have reported that they were questioned by some unknown persons posing as bank officials and asking about the status of their accounts. According to a resident of St. Peters he More...
Central Bank warns of counterfeit banknotes in circulation
WILLEMSTAD/PHILIPSBURG — The Central Bank of Curaçao and St. Maarten (CBCS) recently announced in a public statement that it had been informed that counterfeit 100 guilder banknotes are currently in circulation More...
Can you still cash checks in St. Maarten?
We have said it so often now, it is becoming like a mantra. Not because something is common practice means it is legal. Banks have been blocking checks deposited from other banks for so long that it has become More...
Mullet Bay land worth 460 million guilders at the heart of Ennia’s pension problems
PHILIPSBURG – Over the weekend, reports reaching our news desk indicated that the Prosecutor’s Office in Curacao at the behest of the Central Bank of Curacao and St. Maarten (CBCS) requested the assistance of More...
CBCS requested emergency measure for ENNIA
Willemstad/Philipsburg – After having identified that Ennia Caribe Leven NV, Ennia Caribe Schade NV and Ennia Caribe Zorg NV, (ENNIA), has been non-compliant with applicable laws and regulations, the Centrale More...
Central Banks should take leading role in financial innovation
Willemstad/Philipsburg — ‘There’s an important role to play for central banks in adopting a proactive approach and giving direction to the changes and innovations that are currently affecting the financial More...
Consumer organizations on St. Maarten give opinions on role Central Bank
PHILIPSBURG — Yesterday we published the announcement from the Central Bank of Curacao and St. Maarten (CBCS) that on March 28, 2018, the National Ordinance Actualization and Harmonization Supervision Ordinances More...
New banking ordinance to strengthen supervision financial products
PHILIPSBURG — According a recent announcement by the Central Bank of Curacao and St. Maarten on March 28, 2018, the National Ordinance Actualization and Harmonization Supervision Ordinances Centrale More...
Minister of Finance Michael Ferrier visits APS
On June 12th, Algemeen Pensioenfonds Sint Maarten (APS) Director Nadya Croes-van Putten welcomed Minister of Finance, Michael Ferrier to the APS office for an official visit and tour. As part of the visit, APS took More...
