Category: Finance

About

Mission Statement

The Financial Services Regulatory Commission was established to regulate providers of financial services except for financial services covered by the Banking Act. It is the ultimate regulatory body for anti-money laundering for St. Kitts and Nevis. The Commission for the purpose of carrying out its function is divided into two operational departments, one located in Saint Kitts and the other in Nevis. 

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About

Mission Statement

The Customs Department is committed to the execution of its mandate to collect all the various description of revenues for which it is responsible. The undertaking will be done at least cost to the public and in a manner that engender the highest degree of public confidence in our integrity, efficiency and fairness.

Functions

  • The assessment and collection of customs revenue on commodities imported into and exported out of state.
  • The interpretation and application of local and external tariffs.
  • Certifying authority for exports of manufactured and wholly produced goods to CARICOM, E.E.C and USA under the respective international trade conventions.
  • Institution and formulation of tax policies under customs and excise laws and any other relevant legislation.
  • To enforce customs law and prosecute all who have contravened.
  • Boarding and clearing of vessels entering and departing our waters.
  • Supervision of bonded warehouses and other customs controlled areas
  • Supervision of distilleries and breweries.
  • Agency duties for other departments with respect of import / export restrictions.

Key Priorities of the Customs Department

Revenue Collection

Efficient and effective administration of customs duty.

Counter Smuggling/Improved Quarantine Intervention

  • Support extensive screening and intervention verification levels/examination cargo and passengers
  • Implement systems and procedures that improve national security but minimize disruption to legitimate activity, where possible.

Border Protection

  • Regulate prohibited and restricted goods including firearms.
  • Maximize the detection of illicit drugs and precursor chemicals.
  • Utilize technological tools to meet border requirements and detect revenue fraud.
  • People Smuggling.
  • Maintain high levels of civil maritime surveillance and response.
  • Innovation and Technology.
  • Deliver, implement and manage the transition of innovations and technology which would enhance the management of people finances and information. 

Supply Office’s Mission Statement

To protect, promote and encourage local production and industries through the import/export license process and to also insure that quality staple products are readily available to all Nevisians at an affordable price.

Vision

Enhancing the lives of Nevisians through supplying affordable basic need supplies and small business development.

Department Goals for 2010 – 2011
  • Promote the Supply Office and all products through more effective marketing strategies.
  • Increase revenue and decrease expenditure.
  • Work closely with small businesses to encourage animal husbandry.
  • Work with the Agriculture Department to provide assistance, support and educational materials to local farmers.
  • Effectively re-instate the restricted imports license program.
  • Provide accurate data of imported commodities (meat, produce and construction supplies).
  • Expand product line with the addition of more basic need items.
  • To ensure that all Nevisians benefit from the basic need items supplied.
  • To develop and provide more efficient and adequate storage.
Funtions
  • Process applications for import and export license.
  • Control the cost of government subsidized items.
  • Provide data for marketing  and market research.
  • Import and sale of basic food items and animal feed.
  • Co-ordinate educational and training workshops for livestock farmers and bakers.
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