Financial Crime World

Saint Kitts and Nevis Retailers Warned of Fines and Penalties for Non-Compliance

St. Kitts and Nevis Bureau of Standards Cracks Down on Non-Compliant Retailers

March 15, 2023 - St. Kitts and Nevis

The St. Kitts and Nevis Bureau of Standards (SKNBS) is taking a firm stance against retailers who fail to comply with financial regulations. A stern warning has been issued that non-compliance will result in severe penalties.

Key Regulations

  • Section 3.2 of SRO 35 2023: Labels used for goods displayed for sale must not contain deceptive information.
  • Section 3.3: All labeling must be in English, the official language of St. Christopher and Nevis.

Consequences of Non-Compliance

Failure to comply with these regulations is a serious offense that can result in:

  • Fines
  • Imprisonment

Verification Requirements

Retailers are advised to verify compliance requirements by visiting the SKNBS website at https://www.sknbs.org/ under the “Approved Regulations” tab.

Penalties for Breaches

The Bureau of Standards & Quality Act #19 2021 outlines the penalties for breaches, including fines and imprisonment. The full Act can be viewed on the SKNBS website by selecting “Acts” under the “About Us” tab.

Immediate Action Required

Retailers are advised to take immediate action to ensure they are in compliance with all regulations to avoid facing severe consequences.