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Bahamas ‘shooting ourselves in foot’ on insurance regulation
* Bahamas ‘going beyond’ AML standard * AG: ‘We’ll give general insurers one year’ * Fears captive revival undermined
FEARS were raised again yesterday that the Bahamas could be “shooting ourselves in the foot” by including general and captive insurers within its anti-money laundering regime. Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, urged the Government to provide the “benchmarking” studies and data to support its decision to define both market segments as financial institutions under the Financial Transactions Reporting Act (FTRA).
TAX RETURNS PAY FOR $44M DREDGE IN JUST '1.5 YEARS'
By NEIL HARTNELL Tribune Business Editor The $44 million Nassau Harbour dredging costs will be paid back in full within one-and-a-half years in taxes alone, the minister of tourism yesterday telling Tribune Business that any impact on the Bahamas' cruise
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Bank payment charges need ‘legitimate redress’
THE Central Bank yesterday appeared to concede that fees for payment services were too high and “require legitimate redress”, a view shared by 78 per cent of Bahamians.
Bahamas exports decline by 36% to five-year low
The Bahamas’ merchandise trade deficit fell by 12.3 per cent in 2015 to $2.719 billion, as the decline in imports offset a more than one-third reduction in exports.
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
BTC's 18% directory mark-up 'reasonable'
BTC's 18% directory mark-up 'reasonable' By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company's (BTC) proposed 17.65 per cent retail mark-up for directory inquiry calls has been deemed "reasonable" by the sector regulator, alt
GOVERNOR SAYS 2-2.5% GROWTH 'STILL ACHIEVABLE'
By NEIL HARTNELL Tribune Business Editor The Central Bank's governor yesterday said projected Bahamian economic growth of 2-2.5 per cent for 2012 remained "achievable" despite the gathering downside risks, while disclosing that the external reserves were
GOVERNOR SAYS 2-2.5% GROWTH 'STILL ACHIEVABLE'
By NEIL HARTNELL Tribune Business Editor The Central Bank's governor yesterday said projected Bahamian economic growth of 2-2.5 per cent for 2012 remained "achievable" despite the gathering downside risks, while disclosing that the external reserves were
VAT gives Bahamas unwanted world lead
Bahamian businesses have suffered the largest worldwide increase in the time they are forced to spend on tax compliance as a result of Value-Added Tax’s (VAT) implementation, a World Bank report has found.
CHAMBER CHIEF SUPPORTS GOV'T OUTSOURCING '110%'
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has given his "110 per cent support" to the International Monetary Fund's (IMF) call for more services to be outsourced to the private
Florida court blocks $7.59m Bahamas ruling
A contractor’s bid to enforce a $7.59 million Bahamas Supreme Court judgment against a major global hotel chain has been blocked by a Florida appeals court, which ruled the latter was not involved in a $1 billion Bahamian joint venture.
