Nevis, West Indies. ?A Non-Tourist-Trap? Blog About Nevis.

Laurie Lawrence – Nevis Ministry of Finance

Charlestown, Nevis
February 17, 2011

The Nevis Island Administration’s [NIA] Ministry of Finance “will continue to work hard along with service providers: forging a partnership, crafting new laws and improving the regulatory framework.”

This is according to Permanent Secretary [PS] in the Ministry of Finance Mr. Laurie Lawrence who was at the time addressing representatives from the financial sector at the seventh annual Anti-Money Laundering [AMT]/Caribbean Task Force [CFT] Awareness Seminar.

In the absence of Nevis’ Premier and Minister of Finance the Honourable Joseph Parry, Mr. Lawrence spoke of the NIA’s commitment towards to the offshore sector and its plans to strengthen the public and private sectors.

“I can assure all of you here that we will not give up in terms of the offshore sector. Throwing in the towel is completely out of the question for us,” Mr. Lawrence said adding that the NIA was “trying to forge a corporation between [the] public and private sector[s].”

“From what I’m seeing, the future is bright for improved cooperation so that we could continue to work together as a team to advance the interest of Nevis in the offshore arena,” he added.

According to the permanent secretary, “significant efforts” had been made by jurisdictions to “strengthen the legislative and regulatory system” with “several legislations being passed in St. Kitts – Nevis.”

“We have improved regulatory infrastructure [and] we have done a tremendous amount of work in improving our standards,” he said.

With the continued aim of “eliminating negative perceptions and maintaining the integrity of the financial system,” PS Lawrence highlighted his ministry’s plans to continually host financial seminars.

“Seminars such as these become even more important in providing industry players and government with a forum in which we can become more informed on developments and standards of best practice and where practitioners can share experience which will ultimately lead to improved business practice,” Mr. Lawrence said.

Related posts:

1. Nevis Ministry of Finance Hosts Workshop
2. Ministry of Finance Committed To Produce Quarterly Reports
3. Nevis Finance Ministry To Hold Economic Consultation
4. Nevis Pushes For Top Spot In Financial Services Industry
5. Nevis Finance Ministry Receives New Building

Money Laundering Seminar To Educate

Charlestown, Nevis
January 29, 2011

Premier of Nevis, Hon. Joseph Parry will open the 7th Annual Anti Money Laundering (AML)/Caribbean Financial Action Task Force (CFATF) Awareness Seminar, hosted by the Nevis Financial Services Regulation and Supervision Department. The event is scheduled for Tuesday, February 1st from 8am, at Occasions Event Center at Pinneys.

The theme for this year’s Financial Seminar is “Perspectives on Money Laundering & Terrorist Financing Risks and Vulnerabilities”.

The keynote address will be delivered by Ms. Dawne Spicer, Deputy Executive Director of the Caribbean Financial Action Task Force (CFATF).

These annual seminars provide financial institutions, designated non-financial businesses and professions information of their obligations under the Federation’s anti-money laundering and anti-terrorism laws, as well as on new developments and initiatives being undertaken by international bodies such as the CFATF, Financial Action Task Force (FATF) and Organization of Economic Co-operation and Development (OECD).

This year’s Seminar will focus on Money Laundering Terrorist Financing risks and vulnerabilities, relevant to the significant sub-sectors served by financial services businesses in Nevis.

Presenters will include President of the Nevis International Service Providers’ Association Mrs. Jackie Hunkins-Taylor; Attorney-at-law ,Mr. Adrian Scantlebury; General Manager of The Bank of Nevis, Mr. Everette Martin and Head of the St. Kitts an Nevis White Collar Crime Unit, Inspector Franklyn Belgrove.

Attendees will also participate in group discussions on some of the money laundering cases which have been successfully prosecuted in a number of Caribbean Islands.

Related posts:

1. Nevis Premier Speaks At Financial Services Seminar
2. Nevis Premier To Speak About Money Laundering
3. Harmonised Efforts Essential In Money Laundering Fight
4. Nevis To Provide Enhanced Financial Services
5. St. Kitts – Nevis Financial Service Sector Reviewed

Christoph Peleikis and Denzil Douglas(r)
Photo By Erasmus Williams

Basseterre, St. Kitts – Nevis
October 19, 2010 (CUOPM)

The Federation of St. Kitts and Nevis and the Republic of Germany signed a Tax Information Exchange Agreement (TIEA) on Wednesday afternoon.

St. Kitts and Nevis Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas and Germany’s Port of Spain, Trinidad Charge d’ Affaires, Mr. Christoph Peleikis signed the agreement for the exchange of information relating to tax matters.

Prime Minister Douglas has welcomed the signing of the agreement. “It is very important to the economy,” he said just before signing the necessary documents in the English and German languages.

With this agreement, both St. Kitts and Nevis and Germany commit themselves to provide assistance through exchange of information relevant to the administration and enforcement of the respective fiscal laws of the contracting states.

The agreement accommodates the mutual desire for a fair competition in tax matters and especially for implementing the standards the Organisation for Economic Cooperation and Development (OECD) developed in the framework of their programme to contain harmful tax competition.

St. Kitts and Nevis played a very active role in the OECD in the last few years.

Related posts:

1. St. Kitts – Nevis Signs Another Tax Information Exchange Agreement
2. St. Kitts – Nevis Signs TIEA’s With Four Countries
3. St. Kitts – Nevis Negotiating Tax Information Exchange Agreements
4. St. Kitts-Nevis Has Executed Zero Tax Information Exchange Agreements
5. St. Kitts – Nevis To sign TIEA’s With Nordic Nations