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Basseterre, St. Kitts, June 18, 2026
— A significant suite of legislation aimed at strengthening the Federation’s financial sector and reinforcing its international reputation was passed in the National Assembly on June 18, 2026.
Approval was granted by the Honourable House for five Bills: the Financial Services Regulatory Commission (Amendment) Bill, 2026; the Gaming (Control) (Amendment) Bill, 2026; the Anti-Proliferation (Financing of Weapons of Mass Destruction) (Amendment) Bill, 2026; the Virtual Asset (Amendment) Bill, 2026; and the Anti-Terrorism (Amendment) Bill, 2026.
Leadership of the legislative process in the House was provided by the Minister of Public Infrastructure, Energy and Utilities, Domestic Transport, Information, Communication and Technology and Posts, the Honourable Konris Maynard, who guided the Bills with the support of fellow parliamentarians.
During his presentation, Minister Maynard reaffirmed the Government’s commitment to safeguarding the integrity, stability and international credibility of the Federation’s financial system.
“Today’s discussions reinforced a simple but important truth: protecting the integrity of our financial system is not merely a regulatory exercise, but rather a national responsibility,” Minister Maynard stated.
He further stressed that the measures adopted by Parliament are essential for preserving national reputation, maintaining investor confidence, sustaining correspondent banking relationships, and ensuring continued access to global financial markets.
“Madam Speaker, we would agree that these measures are essential to safeguarding our reputation, preserving access to financial services, maintaining our correspondent banking relationships, and ensuring that our beautiful Federation remains a trusted and respected jurisdiction for legitimate business and investment,” he said.
Alignment with international standards in anti-money laundering, counter-terrorism financing, and broader financial regulation was identified as a key objective of the amendments, alongside strengthened oversight across priority sectors.
Parliament’s approval of the legislation reflects a continued commitment to proactive governance in addressing emerging global financial risks, while reinforcing transparency, accountability, and regulatory strength within the Federation.
Ongoing collaboration with regional and international partners remains central to ensuring that Saint Kitts and Nevis maintains a modern, resilient, and responsive regulatory framework in an evolving global financial environment.
With the passage of these Bills, the Government has advanced its broader agenda of protecting financial integrity, strengthening investor confidence, and promoting long-term sustainable economic growth for the Federation.
Source: SKNIS
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