SUITE OF LEGISLATION PASSED IN THE NATIONAL ASSEMBLY FURTHER STRENGTHENS THE FEDERATION’S FINANCIAL SECTOR

Basseterre, Saint Kitts, June 18, 2026 (SKNIS): The Government of Saint Kitts and Nevis today (June 18, 2026) successfully passed a comprehensive suite of legislation in the National Assembly aimed at further strengthening the Federation’s financial sector and reinforcing its standing as a respected and reputable member of the global community.

The five Bills approved by the Honourable House were 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.

The suite of legislation was piloted through the House by the Minister of Public Infrastructure, Energy and Utilities, Domestic Transport, Information, Communication and Technology and Posts, the Honourable Konris Maynard, with the support of fellow Members of Parliament.

In presenting the Bills, Minister Maynard underscored the government’s unwavering 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 emphasised that the measures adopted by Parliament are critical to preserving the country’s reputation, maintaining confidence among international partners and investors, 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.

Minister Maynard noted that the amendments align Saint Kitts and Nevis with evolving international standards and best practices in financial regulation, anti-money laundering and counter-terrorism financing, while strengthening oversight mechanisms across key sectors of the economy.

The passage of these key pieces of legislation reflects the government’s proactive approach to addressing emerging global risks and demonstrates its commitment to transparency, accountability and robust regulatory governance. It also reinforces Saint Kitts and Nevis’ determination to remain a competitive, secure and well-regulated international financial centre.

The Government of Saint Kitts and Nevis continues to work closely with regional and international partners to ensure that its legislative and regulatory framework remains modern, effective and responsive to the evolving global financial landscape.

Today’s legislative milestone represents another significant step in the Federation’s ongoing efforts to protect its financial system, enhance investor confidence and secure sustainable economic growth for current and future generations.

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