Search results for : bica
Securities industry regulator sees AML/CFT breaches in two thirds of licensee examinations
Securities industry regulator sees AML/CFT breaches in two thirds of licensee examinations
NASSAU, BAHAMAS — The Securities Commission's top executive yesterday revealed that the regulator 2024 will begin issuing administrative penalties for Anti-money Laundering and Counter-terrorism Financing, noting that such breaches accounted for nearly two-thirds of breaches in licensee examinations completed so far this year. "So far we have completed 32 examinations. We are in the process ...
BFSB expects captive audience for insurance event
BFSB expects captive audience for insurance event
By STAFFâ WRITER
Guardian Business
The Bahamas Financial Services Board(BFSB)and its association partners the Bahamas Institute of Chartered Accountants(BICA)and the Insurance Institute of the Bahamas(IIB), in collaboration with corporate sponsors KPMG and RBC Wealth Management, will host a one-day insurance orientation seminar for the local business community on Monday, September 20.
The e...
Access Accelerator Southern New Providence Town Hall Meeting
Thursday 18th April 2019 6:00 PM
Hon. K. Peter Turnquest, Deputy Prime Minister and Minister of Finance will bring remarks.
Executive Director, of the Access Accelerator, Davinia Blair will provide economic impact updates on the program to date.
Partners from the Bahamas Institute of Chartered Accountants will also be present to sign a Memorandum of Understanding with the Access Accelerator that provides grant funding for h...
Opposition calls public procurement and financial management changes a step backward
NASSAU, BAHAMAS — Opposition Finance spokesman Kwasi Thompson yesterday expressed disappointment in the proposed changes to the Public Procurement Act, the Public Financial Management Act and the Fiscal Responsibility Act, arguing that many of the amendments were 'regressive". "We are extremely disappointed with the proposed changes to the Public Procurement Act, the Public Financial Managem...
Changes coming for insurance industry
Changes coming for insurance industry
By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com
Changes to financial reporting methods from insurance companies in the country may be on the way with the head of the Bahamas Institute of Chartered Accountants saying the new global standards will be beneficial to the industry.
BICA President Reece Chipman spoke on the topic at the organization's seminar on the insurance industry, he...
NIB chief optimistic
NIB chief optimistic
By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net
THE NATIONAL Insurance Board's (NIB) balance sheet is continuing to reflect growth due to some $100 million in investment projects and $1.6 billion in reserves, its director said, adding that contribution rate increases over the next two years will ensure it continues to be stable.
Algernon Cargill, speaking at the Bahamas Institut...
Insurers ready for accounting transformation
Insurers ready for accounting transformation
By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net
THE BAHAMIAN INSURANCE industry is facing massive accounting changes that are set to be implemented in September 2011, an extension that was given due to the complex and arduous road ahead for sector stakeholders, the president of the Bahamas Institute of Chartered Accountants (BICA) has revealed.
Reece Chipman said the new Interna...
Business reaches 20-year landmark
Business reaches 20-year landmark
ENTREPRENEURIAL Services Limited (ESL) has reached a 20-year milestone providing business solutions to keep Small and Medium-sized Enterprises in business in Grand Bahama.
Sanigest International, creating a utopia with NHI
Sanigest International, creating a utopia with NHI
At Tuesday's meeting of the minds at the Bahamas Institute of Chartered Accountants (BICA), according to press reports, James Cercone, a consultant with Sanigest International, "designers" of the latest incarnation of a national health insurance scheme for The Bahamas, projected lots of savings for consumers and the government if their plan is implemented.
Sanigest's panacea implies that healthcar...
D'Aguilar: Cruise tourist spend could be as high as 130
The government could be very wrong on cruise tourist spend based on value-added tax (VAT) refund requests by those passengers traveling by sea, Minister of Tourism and Aviation Dionisio D'Aguilar said yesterday. D'Aguilar, who spoke at a Bahamas Institute of Chartered Accountants (BICA) Accountants Week [...]
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