St. Maarten Private Eye

"SMN News also learnt via reliable sources that many local banks rejected Loor as a client as he wanted to deposit large sums of monies almost every week and could not give the bank a valid source of acquiring the monies which they suspected were from illegal activities."

When someone wants to deposit more than a certain amount at a bank the person will have to reveal the source where it came. If not possible, they should refuse. Logical huh?

However, the law on reporting of unusual transaction should have urged the bank to file documentation with the CBNA to the extent, that someone wanted to deposit a large sum of moneys, just due to the fact that something illegal was going on.........

So the thing was simple. The bank clerk did not want to accept the deposit and thus exonerated him/herself of the duty to report.

Yeah right......... look the other way next time you see someone pull a gun on someone else......... right?

What a world............