Financial Regulatory Bodies in Northern Mariana Islands Take Center Stage

The Treasury Division: A Key Player in Financial Regulation

The Treasury Division is a crucial component of the financial regulatory landscape in the Northern Mariana Islands (CNMI). Its primary responsibility is to receive and safeguard all revenues coming into the CNMI government. The division’s commitment to complying with laws governing public funds has earned it a reputation as a reliable and efficient financial regulatory body.

Responsibilities

• Receiving and safeguarding all revenues coming into the CNMI government
• Depositing and securing public funds in compliance with relevant laws
• Paying out money only on requests signed by legally designated persons
• Collecting all monies due to the Commonwealth and investing them in a way that ensures liquidity, safety, and optimum yield

Mission and Goals

The division’s mission is centered around pursuing effective revenue enhancement programs. Its focus is on monitoring, controlling, auditing, and investing government funds to ensure fiscal responsibility.

Accessing Treasury Division Services

Residents of the CNMI can access various forms, regulations, and documents related to the department’s services through the Department of Finance’s consolidated forms page. Additionally, the division is working on compiling a list of helpful tools for individuals and businesses operating in the territory, which will be made available soon.

Promoting Financial Stability and Transparency

The Treasury Division’s efforts are aimed at promoting financial stability and transparency in the CNMI. Its commitment to responsible fiscal management has earned it a prominent place among the territory’s regulatory bodies.