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Changes have been made to the process of becoming a money laundering reporting officer (MLRO) in The Bahamas, with the head of the local compliance organization saying it will filter out those who are not fully qualified for the job.
President of the Bahamas Association of Compliance Officers (BACO) Kesna Pinder told Guardian Business the revised guidelines for becoming a MLRO in the country wi...
Debate on a modified Freedom of Information Bill is expected to begin when the Senate meets this morning.
Government Leader in the House of Assembly Tommy Turnquest said yesterday the anticipated legislation will be passed before the Free National Movement's term in office comes to an end.
The government withdrew the original Freedom of Information (FOI) Bill tabled in the House in 2011 and replac...
Senators passed the landmark Freedom of Information (FOI) Bill after a marathon session in the Upper Chamber, which ended just before 1 a.m. yesterday.
However, the bill has yet to be debated and passed in the House of Assembly.
Two weeks ago, the original FOI Bill was withdrawn from the Senate and replaced with a new one.
Attorney General John Delaney, who led debate on the proposed legislation i...
Bahamians must be educated on the correct process of purchasing land and securing its financing, as to avoid losing thousands of dollars in investments, according to Dwayne Gibson, partner at Gibson, Rigby & Co. law firm. Gibson told Guardian Business he has noticed over the years that many Bahamians are still "very clueless" when it comes to looking at capital purchases for homes.
He said the e...
The government is confident that adopting value-added tax (VAT) will lead to a significant reduction in cases of tax fraud, a legal expert in the Ministry of Finance has stated.
"VAT will reduce fraud because it creates more transparency at every stage from production, to importation, to point of sale," attorney Renee Fisher told public servants at the Department of Housing during a recent seminar...
Projected losses from Tropical Storm Hanna in cruise ship taxes and tourist spending are estimated at just under $761,000 for the period Sunday, August 31 to Thursday, September 4, the Ministry of Tourism reported yesterday.This is based on estimations of head tax and spending per passenger
A U.S. bankruptcy judge approved a revised version of Barclays' deal to purchase the core U.S. business of Lehman Brothers.
In a Manhattan court hearing that started on Friday and lasted past midnight, U.S. Bankruptcy Judge James Peck approved the sale, saying he had found no better alternative for the assets Lehman sought to sell.