PHILIPSBURG:—The Anti-corruption Task Force (TBO) searched two business premises on Sint Maarten under the supervision of the judge of instruction, today. No arrests were made.
Both businesses are suspected of conducting international money transfers, also referred to as money remittance, without being licensed by the Central Bank of Curaçao and Sint Maarten (CBCS) to provide such services. According to Article 2, section 1 of the National Ordinance on money transfer offices, it is prohibited to operate a money remittance office without a license from CBCS. It is also suspected that both companies did not report unusual transactions
To read more: http://www.smn-news.com/st-maarten-st-martin-news/33490-two-unlicensed-money-transfer-business-place-searched.html
View comments
Hide comments