Parliament St. Maaretn gets insight in unusual transactions

PHILIPSBURG - Members of Parliament (MPs) were given insight into the operations of the Financial Intelligence Taskforce, commonly referred to as the Bureau for Unusual Financial Transactions MOT, in a sitting of Parliament’s Committee for Justice.
 
Justice Minister Cornelius de Weever and MOT Head Ligia Stella outlined MOT’s workings and its place in the country’s financial system. They also highlighted the need for Parliament to pass pending laws related to MOT’s operations as a way to ensure banking in the country does not become more cumbersome for residents and businesses.
 
Parliament has before it a package of laws and law amendments that must be handled by March 1.
 
MPs were also updated on MOT’s staff shortages and given an overview of unusual transactions filed with the Prosecutor’s Office by MOT for review. Less than one per cent of the transactions reported to MOT have been sent to the Prosecutor’s Office for review. It should be noted that not all financial transactions filed with the Prosecutor’s Office result in criminal cases.

Marinier krijgt drie maanden voor veroorzaken auto-ongeluk

PHILIPSBURG/ARNHEM – Meer dan een jaar na dato krijgt Patricia Lynch naar eigen zeggen eindelijk erkenning: de Nederlandse marinier die haar in de nacht van 4 mei 2019 meesleepte in een auto-ongeluk op Sint-Maarten, krijgt drie maanden militaire detentie.

Kabinet verlengt steunpakket voor Caribisch Nederland

DEN HAAG - Het kabinet heeft besloten om het steun- en herstelpakket voor inwoners en bedrijven op Bonaire, Sint-Eustatius en Saba, vanwege het coronavirus, met nog eens negen maanden te verlengen tot 12 juli 2021.

CFT warns St. Maarten that loan is illegal

THE HAGUE--The Committee for Financial Supervision (CFT) on Monday admonished St. Maarten Finance Minister Ardwell Irion for issuing a loan on the local capital market without prior permission.