Conviction puts Standard Trust Co’s license at risk

POSTED: 11/23/10 5:09 PM

St. Maarten – The Standard Trust Company stands to lose its license if the Court in First Instance sentences the business and its three directors for money laundering, forgery and failing to report unusual financial transactions to the MOT, defense attorney Mr. J.J. de Vrieze said yesterday during the second leg of the trial that started last Thursday. After last week’s four-hour session, yesterday’s hearing lasted for another six hours straight.

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