Tag archive for ‘banks’
MP Claude Chacho Peterson avatar
By The Publisher On Tuesday, May 7th, 2019
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MP Peterson: “St. Maarten can not afford to be blacklisted post-Irma”

For the past months we have had meetings in Parliament to try to address the laws pertaining to the FATF (Financial Action Task Force) guidelines. We even had members of the Caribbean FATF come to parliament and More...

Pallets of Cash
By The Publisher On Thursday, February 28th, 2019
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Invisible money

By Hilbert Haar De-risking has become a buzzword in the financial world. Banks risk huge fines if they do business with clients that are associated with money laundering. Therefore, they create a risk-profile and More...

Robbie's Lottery Head Office St. Maarten
By The Publisher On Thursday, February 28th, 2019
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De-risking strategy targets casinos and lottery companies

PHILIPSBURG - The Risk Based Approach banks in St. Maarten and Curacao have developed to get an angle on the risks certain clients represent has resulted in long court battles the banks so far have consistently More...

cbcs-headquarters-in-st-maarten
By The Publisher On Sunday, June 17th, 2018
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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...

Lee - Klarenbeek - Carty - Photo by Roland Bryson
By The Publisher On Saturday, February 24th, 2018
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Hospital financing agreement: “A dream coming true”

PHILIPSBURG – The timing may suggest it, but both Public Health Minister Emil Lee and Kees Klarenbeek, director of the St. Maarten Medical Center, made abundantly clear that the signing of the financing agreement More...

Hurrican Irma Damages 8
By The Publisher On Sunday, October 1st, 2017
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Too good to be true

GREAT BAY – In the aftermath of Hurricane Irma at times stories and announcements came out that seem too good to be true. An example is the announcement by the Windward Islands Bank that clients with a loan in More...