FINANCIAL INTELLIGENCE UNIT

Vision

A Sint Maarten community with financial and business sectors that are free of financial crime.

Mission

To protect the integrity of Sint Maarten’s financial system and contribute to the justice system through ever improving expertise in countering money laundering and the financing of terro terrorism.

Investigation

The Sint Maarten government opted in its law for the reporting of unusual transactions. The FIU has an automated registry where mentioned unusual transactions reports are held.

The FIU’s functions as an administrative buffer between the reporting entities on the one hand and the law enforcement on the other hand. The FIU is established because of the necessity of having an entity that, with its analysis, gives added value to the (financial) transactions of the service providers in order to determine whether there is a suspicion of money laundering of terrorism financing. When that suspicion is confirmed, the suspicious transactions are forwarded to the Public Prosecutor’s Office.

Supervision

According to FATF Recommendation 28, the Designated Non-Financial Businesses and Professions (DNFBPs) should be subject to supervision to ensure compliance with the anti-money laundering and terrorist financing requirements. The FIU Sint Maarten is the supervisory body for this group of institutions.

The supervision of these institutions is based on national law which in turn is based on the FATF Recommendations. The two relevant ordinances are the National Ordinance Reporting Unusual Transactions (O.P. 2013, CT no. 479) and the National Ordinance Identification when Rendering Services (O.P. 2013, CT no. 480). One of the supervisory powers the FIU has is to instigate an investigation on-site to determine whether the DNFBP is compliant or noncompliant. In case of non-compliance, enforcement measures can be imposed on the DNFBP.

You can contact the Financial Intelligence Unit (FIU) Sint Maarten / Meldpunt Ongebruikelijke Transacties (MOT) Sint Maarten at:

Tel.: +1(721) 5423025 +1(721) 543 0826 +1(721) 543 0827

Fax: +1(721) 5430828

Email: analyst.department@fiu.gov.sx

Courier mail can be sent to: P.O. box 5095, Philipsburg, Sint Maarten