Search results for : accounting
March 08, 2023
Justice rules RBC excessive in freezing organization's bank accounts
A Supreme Court judge has ruled that a local commercial bank restricted a women's rights advocacy organization for an inordinate and excessive length, when it froze that organization's bank accounts for four months in 2016.
WHY THE NO-SHOW AT PUBLIC ACCOUNTS COMMITTEE? Pintard wants answers as Attorney General advises PS to stay away
February 22, 2023
WHY THE NO-SHOW AT PUBLIC ACCOUNTS COMMITTEE? Pintard wants answers as Attorney General advises PS to stay away
FREE National Movement leader Michael Pintard is "concerned" that Permanent Secretary Luther Smith was a "no show" before the Public Accounts Committee yesterday.
Adrian Gibson removed from Public Accounts Committee
February 21, 2023
Adrian Gibson removed from Public Accounts Committee
FREE National Movement Leader Michael Pintard has requested that Long Island MP Adrian Gibson be removed from the Public Accounts Committee and be replaced with Central Grand Bahama MP Iram Lewis.
January 20, 2023
Scotiabank to allow personal accounts to be opened remotely
Scotiabank will soon allow personal bank accounts to be opened electronically and remotely. Vice President and District Head of Scotiabank for the Caribbean Roger Archer said the service is in the testing phase. He added that customers in the Family Islands will be able to open accounts remotely and almost immediately begin transacting. Archer, who made the remarks during ...
The post S...
January 17, 2023
Bahamas shares accounts of pandemic maternal care in Global OB-GYN Newsletter: COVIDhighlighted the need for durable infrastructure
In the latest issue of the Massachusetts General Hospital (MGH) Global OB-GYN Newsletter, obstetricians and midwives from several countries, including The Bahamas, shared their stories of caring for pregnant women during the pandemic.
January 11, 2023
Eleuthera credit union liquidation leaves many without access to accounts for months
Chairman: "Everybody will get every penny back" ELEUTHERA, BAHAMAS — Hundreds of Eleuthera residents are awaiting cheques of compensation for funds they put into the One Eleuthera Credit Union before the cooperative went into liquidation early last year. The fund had some 780 members at the time of the closure, according to an executive from [...]
January 11, 2023
Bahamas shares accounts of pandemic maternal care in Global OB-GYN Newsletter
In the latest issue of the Massachusetts General Hospital (MGH) Global OB-GYN Newsletter, obstetricians and midwives from several countries, including The Bahamas, shared their stories of caring for pregnant women during the pandemic.
Dormant accounts fund at $88 million
December 14, 2022
Dormant accounts fund at $88 million
The country's dormant accounts fund is currently at $88 million, Governor of the Central Bank of The Bahamas John Rolle told Guardian Business. According to Rolle, after the legislation that governs dormant accounts was changed in 2018, the government received an initial transfer of 36.7 million. He explained that to date, $47.4 million has been ...
The post Dormant accounts fund at $88 million ap...
Six months for stealing from account
December 05, 2022
Six months for stealing from account
A WOMAN was sentenced to six months in prison on Friday after admitting to stealing $2,600 from someone's Bank of the Bahamas account.
November 22, 2022
Moody's on FTX: better accounting, disclosures rules are needed
The cryptoassets sector is in need of improved accounting standards and strong disclosure rules, credit ratings agency Moody's wrote in its latest Credit Outlook report, speaking on the collapse of cryptocurrency exchange FTX. "On 18 November, FTX updated its bankruptcy filing. The initial 11 November filing and subsequent update have elevated concerns about cryptoassets, especially those whose .....
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