Welcome To The Financial Services Regulatory Commission (FSRC)

Formation & Registration of a Non-Government Organisation (NGO)

An NGO is a non-profit making non-government body whose aims and objectives shall be to achieve sustainable human development on a voluntary non-profit basis. Any organization desirous of being registered under the NGO Act (Cap.20.59) shall apply to the Registrar in writing, and submit the Constitution or Memorandum and Articles of a Company limited by Guarantee, a statement of the objectives of the NGO, Organization Structure, and list of its membership and management.

Every NGO registered under the NGO Act shall implement internal accounting and administrative proceedings, and must comply with utilizing its financial and other resources for attaining its aims and objectives. These Entities are subjected to the provisions of the Anti-Money Laundering Regulations (No.46 of 2011) made under the Proceeds of Crime Act (Cap.4.28) and any other pertinent legislation, to promote good governance and financial accountability to safeguard against money laundering and the financing of terrorist activities.

NGOs must comply with the provision of filing Annual Audited Statements, certified copies of its financial standing and a Report of its program of activities and policies during the financial year to the Registrar of NGOs

Any NGO registered under the NGO Act (Cap.20.59) shall be exempted from the payment of Corporate Income Tax and the payment of Business Tax.

• Non Government Organization Amendment Act 2024
• NGO Annual Statement
• Non-Government Organisation Act - Application for Registration
• Non-Government Organisations General Information
• Newsletter: Non-Government Organisations

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.

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IN THE MATTER OF BRITISH-AMERICAN INSURANCE COMPANY LIMITED (“BAICO”) (JUDICIAL MANAGER APPOINTED)

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.

Nevis

St. Kitts

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.

If you have any questions, please contact one of the helplines below or email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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