April 13, 2021

Bahamas Insurance Chair fears regulatory ‘Overshoot’

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By NEIL HARTNELL From Tribune 242 Bahamian insurers remain concerned that proposed anti-money laundering reforms risk “overshooting and putting us at a competitive disadvantage as a jurisdiction”. Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, told Tribune Business that plans to define property and casualty (general) insurers as financial institutions under the Financial Transactions Reporting […]

The Editor Speaks: Money laundering still a battle here

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Last week, the Attorney General’s Chambers released findings from the first ever National Money Laundering and Terrorist Financing Risk Assessment (NRA). Attorney General Samuel Bulgin said, “It is important for us to understand the threats, risks and vulnerabilities that face our jurisdiction. These summary results are based on analyses of reports from competent authorities, government […]