sx St. Maarten

New Documents

The Organisation for Economic Co-operation and Development’s Global Forum on Transparency and Exchange of Information for Tax Purposes evaluated Sint Maarten’s regulatory framework for transparency and concluded that for the most part, the country has complied with the international standard.

The Caribbean Financial Action Task Force congratulated the financial intelligence units of Jamaica and St. Maarten for recently being added to the Egmont Group’s membership. Separately, CFATF also congratulated St. Lucia and St. Kitts and Nevis for exiting the group’s ICRG monitoring.


Enforcement Actions

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Important Facts

  • The U.S. State Department labels St. Maarten, or Sint Maarten, as a major money laundering jurisdiction. The jurisdiction is autonomous, though the Netherlands retains responsibility over the jurisdiction's international conventions. Although the jurisdiction has implemented international tax standards, in 2019 the CFATF issued a public statement raising concerns of deficiencies in the jurisdiction's AML/CTF regime. The jurisdiction's favorable investment climate and rapid economic growth over the last few decades has drawn wealthy investors to the island to invest in large-scale real estate developments, including hotels and casinos. Visitors to the island, including gaming houses and casinos have been sources of money laundering activities on the island. The jurisdiction has yet to pass and implement legislation to regulate and supervise such casinos and gaming sectors.
Source: 2020 International Narcotics Control Strategy Report (INCSR) 


FATF i | 2004 Methodology

Technical Effectiveness
Compliant : 6 High :
Largely Compliant : 10 Substantial :
Partially Compliant : 22 Moderate :
Non-Compliant : 11 Low :


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Tax Justice Network i

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