'Reputation risk' fear on financial fraudster justice

Thu, Sep 30th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

A leading attorney yesterday expressed concern that the Bahamas was running "a real reputational risk" because very few fraudsters and wrongdoers responsible for financial collapses in this nation had been brought to justice, while the regulators rarely failed to detect such problems in their infancy.

Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune Business that the Bahamas and its financial services industry "had to be concerned" about the message being sent to clients/foreign investors when it came to holding financial criminals and wrongdoers to account for their actions.

And he argued that Bahamian ...

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