ABN-AMRO pacifies clients in St. Maarten
PHILIPSBURG — The ABN-AMRO bank has temporarily withdrawn its intention to terminate relationships with clients who live outside of the European Economic Area. The measure would have affected account holders in St. Maarten like BZSE-attorney Roeland Zwanikken and other attorneys who bank with ABN-AMRO. In January the bank informed Zwanikken and More...
US $1.7 million distributed to help restore local small business economy; businesses encouraged to apply
PHILIPSBURG — To date, US $1.7 million has been disbursed to enterprises within the St. Maarten small business community who have taken advantage of the combination grant/loan financial assistance offered More...
Large part of Girobank NV’s customers credit balances will soon be available
Willemstad/Philipsburg – On December 10, 2019, a moratorium was set at Girobank N.V. (Girobank), freezing all credit balances in excess of NAf 10,000 on Girobank’s current and/or savings accounts. A large part More...
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 More...
Central Bank announces introduction of Caribbean Guilder in 2021
~ A StMaartenNews.com review of the 2020 Budget of the Central Bank of Curacao & St. Maarten ~ PHILIPSBURG – If it is up to the Central Bank of Curacao and St. Maarten, then the Antillean guilders will disappear More...
The ENNIA-saga: How Ansary fought the Central Bank every step of the way
PHILIPSBURG – After ignoring instructions from the Central Bank of Curacao and St. Maarten for years, the court in Curacao placed insurance company ENNIA under the rules of the emergency measure in July 2018. More...
Former Minister Gibson among recipients of excessive payments from ENNIA
PHILIPSBURG – The petition attorneys Karina Keizer and Sabine Altena submitted to the court in Curacao on behalf of insurance company ENNIA alleges that three St. Maarteners benefited excessively from questionable More...
Central Bank response to recent media coverage of ENNIA
Willemstad/Philipsburg – Following recent media coverage, the Centrale Bank van Curaçao en Sint Maarten (CBCS) reports as follows. In early July 2018, at the request of the CBCS, the Court of First Instance 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...
Millions available for Enterprise Support Program (ESP)
PHILIPSBURG – The National Recovery Program Bureau (NRPB) launched its Enterprise Support Program (ESP) with a virtual presentation. There is $35 million available for the next four years for eligible projects. More...
