The Sint Maarten participates in the Financial Action Task Force (FATF) as part of the Dutch Kingdom. Pursuant to FATF Recommendation no. 26
countries should establish a Financial Intelligence Unit (FIU) that serves as a national center for the receiving (and, as permitted, requesting), analysis and dissemination of suspicious transactions reports (STR) and other information regarding potential money laundering or terrorist financing. The FIU should have access, directly or indirectly, on a timely basis to the financial, administrative and law enforcement information that it requires to properly undertake its functions, including the analysis of STR.
MOT is the abbreviation for: Meldpunt Ongebruikelijke Transacties. In English MOT is translated as the Financial Intelligence Unit and in Spanish as: Centro de Reportes de Transacciones Inusuales.
FIU Sint Maarten falls directly under the Ministry of Justice. The Minister of Justice is the administrator of its database, however this task, amongst others, was delegated to the Head of the Reporting Center by Ministerial Decree (O.G. 1997, no. 259) to safeguard the secrecy regarding the reports.
Unlike other countries where suspicious transactions are reported, the Antillean government opted for the reporting of unusual transactions as per 10-10-10 this also applies for Country Sint Maarten. If the Reporting Center after proper analysis of an unusual transaction concludes that there is a suspicion of money laundering and/or terrorism financing, this transaction will be reported to the Public Prosecutor’s Office as a suspicious transaction. The FIU's functions as an administrative buffer between the reporting entities on the one hand and the Public Prosecutor’s Office on the other hand. This buffer prevents transactions information submitted by the reporting institutions from being unconditionally forwarded to the investigation services: only if there is a reasonable presumption of money laundering and/or financing of terrorism, will the data be furnished to the office of the Public Prosecutor.
In May 2011 the Minister of Justice Mr Roland Duncan signed the memorandum of understanding in Honduras thus allowing Country Sint Maarten to became member of the Caribbean Financial Action Task Force (CFATF).