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CHURCHES HAVE A CHOICE TO REGISTER SAYS FSC COMPLIANCE

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Providenciales, 13 Jan 2015 – The Compliance Unit of the Financial Services commission was in touch with Magnetic Media today; saying they want to set the record straight that they are not registering churches for $1,500 per year, that churches are not the only ones who have to comply and I quote now: “Many churches are already a company. In this case the Companies Amendment Ordinance requires a Non Profit company to elect to “Continue” as a Non-profit Company. To do this requires certain changes to the Memorandum and Articles of Association as well as changing the name to have, instead of Ltd, a suffix – one of Incorporated, Inc, Corporation or Corp. For this process the Registrar of Companies charges a flat fee of $200.00.” But that flat fee does not include the attorney’s fees to do this work, that amount varies.

Magnetic Media in its interviews on this story found that some churches are paying as much as $1,500 in total – not only to the FSC – but to the government and to the law firms that are being hired. Paul Coleman, who heads the Compliance Unit is saying there is a lot of misinformation about this process; a process which has been delayed over a year due to the requests and battles with non-profit organizations which claimed not to have enough time to get with this new programme. The legislative side of the FSC falls under the governor of the country and one church pastor told Magnetic Media, the country’s elected leaders should do a better job of defending entities like the church from the Policy which some find intrusive and as one preacher put it, ‘a tax on Jesus.’ Nonetheless, the same church pastor explained there are residents who embrace this documented level of transparency and accountability.

The churches in the country which fall into the category of being an NPO or a registered TCI company have until February 20th to comply; that is the same date for charities and other organizations under the new law.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

Health

Woman dies on Tuesday; 32nd Covid Death for Turks & Caicos

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By Dana Malcolm

Staff Writer

 

#TurksandCaicos, January 20, 2022 – The Turks and Caicos has recorded its 32nd death related to COVID-19.

A Ministry of Health press release informed that the individual who was in quarantine in Grand Turk and requested emergency aid on Tuesday; response came from the public health team in Grand Turk.

The person, who we are told is a special needs young woman – was unvaccinated and had underlying medical conditions.

The death rate in the Turks and Caicos of both vaccinated and unvaccinated persons has climbed alarmingly this year.  In the 21-month period from March 2020 when the country recorded its first case to December 2021, there were 26 deaths recorded in the TCI.

In the 19 days since the start of 2022 that number has increased to 32; which means six deaths already in January.

 

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Bahamas News

Cruising should slow down says PAHO

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By Dana Malcolm

Staff Writer

 

‘Slow down on Cruising’, that’s the word from the Pan American Health Organization, PAHO in their latest recent press conference.

Dr. Ciro Ugarte Director of Health Emergencies at the PAHO was referring to the Bahamas but made sure to note that the advice was highly relevant to many countries in the times of omicron.

“In the context of intense transmission, due to the Omicron variant as we have highlighted several times. It is just logical to suspend or at least limit the cruise ship traffic as an outbreak on board might end up exceedingly high and probably will go beyond the capacity of local health services”

Both the Bahamas and the Turks and Caicos are experiencing a massive uptick in cases and several warnings regarding cruise travel have been issued by the US Centers for Disease Control.

Cruising just resumed for many regional countries this past Summer, Turks and Caicos was among the latest to restart on December 13.

A stop to sailing would be devastating to economies, however, ports of call like Grand Turk which are reeling with rocketing case numbers of COVID are urged to consider the suggestion of slowing down on ships by PAHO.

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Caribbean News

Cayman gets its second ‘Sir’; former Premier Alden McLaughlin knighted on Jan 1

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By Dana Malcolm

Staff Writer

 

#Cayman, January 20, 2022 – Former Premier of Cayman Alden McLaughlin was knighted at the start of 2022; named in the Queen’s New Year Honors List. He is only the second Caymanian to have ever received a knighthood from her Majesty Queen Elizabeth II.

Sir Vassel Johnson, received the honour in 1994; he was Cayman’s first Financial Secretary; he died in November 2008 at the age of 86.

Current Governor, Martyn Roper extended congratulations saying, “This is an outstanding personal achievement for former Premier McLaughlin, one of the most important and impactful political leaders in Cayman over the last 21 years. It is a significant moment for our islands. This historic award is only the second ever Knighthood to a Caymanian since the first in the 1990s. It is a strong signal of the respect in which Cayman is held and a visible demonstration of the progress Cayman has made as a vibrant democracy with strong good governance foundations.”

Sir McLaughlin, who is also now a QC attorney, served two terms as premier and had a career in politics that spanned 21 years. McLaughlin is known for his role in modernizing Cayman’s constitution.

Current premier G. Wayne Panton described the occasion as a unifying moment for the country saying, This is a day of celebration and great pride for all Caymanians as a son of our soil has been bestowed one of the highest honour.  Today marks a new and most unique storyline in the history of the Cayman Islands.  In considering the rarity and magnitude of this occasion, this is certainly a unifying moment for our community.”

Sir Alden McLaughlin, 60, was appointed as a Knight Commander of the Most Distinguished Order of Saint Michael and Saint George on January 1, 2022.

 

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