The Foreign Exchange Commission of Suriname has raised alarms over a significant surge in foreign currency outflows through local foundations, prompting stricter regulatory measures. Chairman Arun Sankatsing revealed that tens of millions in foreign currency are being transferred abroad without proper accountability. In response, the Commission has intensified its scrutiny of fund origins, aligning with the 1947 Foreign Exchange Regulation and international anti-money laundering (AML) and counter-terrorism financing (CFT) standards. The Commission emphasized that foundations must comply with these regulations and provide transparent documentation of their financial sources. Sankatsing clarified that these enhanced controls are not new but a reinforcement of existing laws and international obligations. However, notaries representing these foundations have expressed concerns, citing delays in transaction processing and increased administrative burdens due to the stringent verification requirements. The Commission maintains that these measures are essential to safeguard Suriname’s financial integrity and comply with AML/CFT laws. The surge in foreign currency outflows, particularly through foundations, has been labeled a high-risk category under international standards, necessitating additional documentation to mitigate risks and protect monetary stability. The Commission’s actions come ahead of Suriname’s evaluation at the upcoming CFATF meeting in Barbados, where compliance with AML/CFT regulations will be assessed. Sankatsing stressed that cooperation from all stakeholders is crucial to address these challenges effectively.