MPs meet today about draft laws on financial transactions | THE DAILY HERALD

PHILIPSBURG–Parliament continues its plenary sitting on several draft laws regulating financial transactions in Parliament House at 4:00pm today, Wednesday. Justice Minister Cornelius de Weever will be present for the sitting.

The meeting was originally scheduled for April 23, but was not held due to no quorum.

On the agenda is the amendment to the National Ordinance on the obligation to notify cross-border money transfers in response to recommendations 32 and 33 of the Financial Action Task Force (FATF), the national ordinance containing rules to comply with FATF recommendation 29 concerning financial intelligence units, and the amendment to the national ordinance containing rules to prevent and combat money-laundering and terrorism-financing in response to the FATF recommendations.

The parliamentary session is open to the public and will be carried live on St. Maarten Cable TV Channel 115, SXM GOV radio 107.9FM, Pearl Radio 98.1FM, , and of Sint Maarten.

Source: The Daily Herald