Flowers to challenge banks over web money

Fri, Jun 26th 2015, 12:40 PM

 

FRESH off a major Court of Appeal victory, FML Group of Companies CEO Craig Flowers may now be turning his sights to a new, bigger legal challenge: fighting Canadian banks operating in the Bahamas over their refusal to conduct business with the legalised web shop sector.
After attorney Wayne Munroe said Wednesday that Bahamian web shop operators could sue Canadian-owned commercial banks for discrimination over their refusal to accept deposits from the sector, Mr Flowers told The Tribune yesterday that he would “absolutely” present a legal challenge to the banks. He added that web shop operators would likely pursue such action collectively to produce a victory for the entire industry...

FRESH off a major Court of Appeal victory, FML Group of Companies CEO Craig Flowers may now be turning his sights to a new, bigger legal challenge: fighting Canadian banks operating in the Bahamas over their refusal to conduct business with the legalised web shop sector.

After attorney Wayne Munroe said Wednesday that Bahamian web shop operators could sue Canadian-owned commercial banks for discrimination over their refusal to accept deposits from the sector, Mr Flowers told The Tribune yesterday that he would “absolutely” present a legal challenge to the banks. He added that web shop operators would likely pursue such action collectively to produce a victory for the entire industry...

 

Click here to read more at The Tribune

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