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 of terrorism. That sobering message came on Thursday morning from Dawne Spicer, the CFATF’s executive director during a central committee More...
Parman loses lawsuit: emergency measure at ENNIA remains in place
PHILIPSBURG — “Okay, then you start the emergency regulation.” With those words Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International BV walked out of a meeting with More...
Ennia gets access to Merill Lynch accounts
WILLEMSTAD – Insurance company Ennia will get access to the approximately $124 million held in accounts at Merrill Lynch in New York, United States Bankruptcy Judge Martin Glenn ruled this week. Hushang Ansary, More...
Kadaster display new software system during Finance Minister’s visit
PHILIPSBURG — The Kadaster Department will soon launch a new innovation in the use of technology to improve its functioning when its ICAD System goes live within short. The innovation in technology will result More...
Presentation CBCS Best Economic Research Award
Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) recently presented the ‘CBCS Best Economic Research Award’ to the winner on Bachelor Level, Ms. Talisha de Vries. Talisha More...
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 More...
Council of Ministers supports airport financing through the World Bank and European Investment Bank
PHILIPSBURG – Over the past months, the Government of Sint Maarten has worked closely with the Netherlands, the World Bank and the European Investment Bank to secure the necessary funding for the full recovery More...
GEBE and KADASTER in serious financial difficulties
PHILIPSBURG — The financial situation of the Kadaster and the island utility company GEBE is said to be in dire straits. According to reliable sources it was stated that the former Minister of Finance Richard More...
Central Bank of Curacao and St. Maarten publishes Financial Statements for 2017
PHILIPSBURG/WILLEMSTAD — Over a week ago, the Central Bank of Curacao and St. Maarten published its financial statements for 2017. In a press release the Bank announced that the 2017 financial statements More...
Questionable behavior
By Hilbert Haar The General Audit Chamber-report about Dutch assistance to St. Maarten in the wake of Hurricane Irma reveals that one of the island’s key state-owned enterprises – utilities company GEBE More...
