CFATF: Anti-money laundering system remains vulnerable

CFATF Caribbean Financial Action Task Force logo

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...

by The Publisher | Published 2 months ago
ENNIA - Photo Extra
By The Publisher On Friday, February 1st, 2019
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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 - Photo Extra
By The Publisher On Thursday, January 31st, 2019
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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 visit 325012019
By The Publisher On Sunday, January 27th, 2019
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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...

CBCS 2018 AWARD
By The Publisher On Thursday, January 24th, 2019
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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...

ENNIA - Photo Extra
By The Publisher On Monday, January 14th, 2019
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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...

SXM Airport ribbon cutting ceremony opening temp terminal building
By The Publisher On Wednesday, January 9th, 2019
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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...

Hurricane Irma Damages GEBE
By The Publisher On Wednesday, December 19th, 2018
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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...

cbcs-headquarters-in-st-maarten
By The Publisher On Wednesday, December 19th, 2018
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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...

Lights on at government building 20180131 - HH-min
By The Publisher On Sunday, December 16th, 2018
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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...