In preparation for the assessment of the Federation of St. Kitts and Nevis for the Fourth Round Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF) to be held during the period 23 March - 3 April 2020, the Government of St. Kitts and Nevis organized a three-day Pre-Assessment Training Workshop during the period 23 – 25 July 2019.
After brief opening remarks by the Honourable Attorney General, Mr. Vincent Byron Jr., the Workshop began with a two-day session for representatives of the various public sector agencies. The attendees included key Senior Officials including Mrs. Hilary Hazel, Financial Secretary, Mrs. Sylvia Gumbs, Deputy Financial Secretary, Mrs. Jacqueline Somersall-Berry, Director, Financial Intelligence Unit (FIU) and Mr. Kennedy DeSilva, Comptroller, St. Kitts and Nevis Customs and Excise Department. The sessions were conducted by CFATF Experts: Mr. Roger Hernandez, Financial Advisor and Mr. Pedro Harry, Law Enforcement Advisor. The participants were apprised of key aspects of the Mutual Evaluation Process to ensure compliance with the Financial Action Task Force’s (FATF’s) Recommendations. The third day of training focused on key stakeholders from the private sector who would also be integral to the Mutual Evaluation process.
RELEASING EC$30 MILLION IN SECOND DISTRIBUTION
The Judicial Manager is pleased to advise that approximately EC$30 million is to be released to make a further Distribution of 4% on agreed Plan Claims that will be paid to Plan Creditors, making a cumulative total of 14%.
In the event that any Plan Creditor has not yet collected a first Distribution to which they are entitled, the amount payable in the second Distribution will additionally include such first Distribution amount.
Plan Creditors eligible for distribution under the Plan are asked to collect their payment at the following locations, at the given times and dates.
Distribution on these dates will commence from 10.00 to 15.00 LOCAL TIME (ATLANTIC STANDARD TIME).
Policyholders are required to provide copies of valid identification in order to receive payments. Persons authorized to receive funds on behalf of policyholders are required to provide appropriate documentation and copies of valid identification for both the policyholder and the authorized personnel.
St. Kitts & Nevis: Toll Free: 1-855-802-8332
UK: Toll Free: 0-800-014-8162
USA/Canada: Toll Free: 1-800-803-9079
Dated August 19, 2019
The Regulator / Director
Financial Services Regulatory Commission - St. Kitts Branch
P O Box 898
South Independence Square Street, Basseterre