St. Kitts – Nevis Supports Finacial Services Sector

Fidela Clarke

Fidela Clarke
Photo by Erasmus Williams

Basseterre, Saint Kitts – Nevis
April 8, 2008 (CUOPM)

Although significant achievements have been made in the regulation of the St. Kitts and Nevis Financial Services sector since the removal of the twin-island Federation from the OECD and FATF Blacklists, several measures are to be taken to ensure a favourable assessment later this year.

Financial Secretary, Mrs. Janet Harris and Director General/Regulator of the St. Kitts Financial Services, Ms. Fidela Clarke, informed the St. Kitts and Nevis Cabinet on Monday of areas which demand immediate attention that fall within the remit of various government agencies including the Legal Department, the Financial Services Commission, the Financial Intelligence Unit, the Office of the Director of Public Prosecutions (DPP), the Customs and Excise Department, and the Police Department if Saint Kitts and Nevis is to achieve a favourable assessment.

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