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TCI not in business with ‘Panama Papers’ law firm says FSC

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Niguel Streete, new Managing Director of the Financial Services Commission confirms that the Turks and Caicos is not involved in the controversial situation dubbed, the Panama Papers where high level G8 country leaders and billionaires are listed as alleged tax evaders.

Since the leak of the documents of some 214,000 offshore companies there has been the threat of the UK imposing direct rule on its overseas territories; the TCI is certainly weary of that ever happening again and the threat of direct rule did cause reaction within the country.

However, the MG of the FSC said: “The TCI Financial Services Commission has confirmed that the Panamanian law firm at the centre of the Panama Papers scandal, Mossack Fonseca, is not licensed and does not operate as a corporate service provider in the TCI.”

Streete encourages TCI companies to remain above board and diligent in their compliance processes. I quote him again, “Despite having no direct involvement with Mossack Fonseca as a corporate service provider, the TCI Financial Services Commission recognises the reputational risk that these events pose to all international financial services centres and continues to actively monitor developments surrounding the Panama Papers.”

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Bahamas News

Bahamas Joins U.S. Embassy Test of Emergency Response  

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#TheBahamas, December 5, 2023 – On Tuesday, November 21, U.S. Embassy Nassau conducted a successful emergency preparedness exercise with Bahamian security partners.

The exercise illustrated excellent coordination between the Embassy, Royal Bahamas Police Force, and Royal Bahamas Defence Force.  During the exercise, the security partners practiced responding to a hostile attack on the Embassy.  In addition to testing communications between partners, the exercise included mock arrests, the evacuation of Embassy staff, and emergency medical services to “injured” civilians.

These emergency preparedness exercises help evaluate the Embassy’s ability to protect its staff and installations during an emergency.  We want to thank our Bahamian partners for participating in the exercise and supporting emergency preparedness.  As our American founding father Benjamin Franklin once said, “If you fail to prepare, you prepare to fail.”

 

 

Photo Captions

Header: U.S. and Bahamian law enforcement officers participated in a joint emergency response drill on Tuesday, November 21.

1st insert: The Royal Bahamas Police Force’s Special Weapons and Tactics (SWAT) team joins the RBDF as it searches for suspects along Queen Street in an emergency preparedness exercise held on Tuesday, November 21.

2nd insert: The Royal Bahamas Defence Force conducts a sweep of Queen Street as a part of the U.S. Embassy emergency response drill.

3rd insert: A U.S. marine detains a gunman in a mock exercise held on Tuesday, November 21.

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Caribbean News

Caribbean, world’s first Blue Justice Hub, convenes first meeting & training to advance regional action on fisheries crime

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#Jamaica, December 5, 2023 – The Caribbean, location of the world’s first Blue Justice Hub, scored another first in its efforts to advance regional cooperation to address organized crime in the fisheries sector, with an inaugural regional meeting and first workshop training in Kingston last week.

Supported by the Government of Norway and the United Nations Development Programme (UNDP) through the Blue Justice Initiative, Blue Justice Hubs help vulnerable regions build effective inter-agency cooperation on organized transnational fisheries crime in-country and regionally.

The inaugural meeting and workshop, also marked by a regional launch, follows an international launch in Copenhagen in March, and brought together fisheries analysts, senior government ministers and officials for national updates, introduction to the community’s online digital portal and other important discussions.

Jamaica’s Minister of Agriculture, Fisheries and Mining, Hon. Floyd Green said the Government is committed to providing the requisite resources to support the regional Hub to create impact. He noted that the Hub’s access to the digitally powered Blue Justice Community enables Jamaica to “use the digital tools afforded through automatic identification systems, radar and satellite technologies to support a wide array of open-source resources to … detect and analyse suspicious activities that are in contravention of our laws.” He said the Hub will also support the detection identification, interdiction, and prosecution of fisheries crimes.

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Senator the Hon. Matthew Samuda, underscored the importance of initiatives like the Blue Justice Caribbean Hub for securing the prospects of a sustainable ocean economy. The Minister said that the ocean provides an amazing opportunity, through the right mix of protection, policies, oversight, and enforcement which promises to yield significant economic gains for Jamaica. He pointed out that Jamaica’s key economic drivers – tourism, fisheries, shipping, and logistics services – are dependent on a healthy ocean and committed to working with the National Fisheries Authority (NFA) to ensure that protection targets with respect to Jamaica’s EEZ (Exclusive Economic Zone) are met by 2030.

Minister of Agriculture, Forestry and Fisheries, St. Vincent and the Grenadines, Hon. Saboto Caesar said now that the Hub has been established, the region is called to action. He commended the Caribbean Regional Fisheries Mechanism (CRFM), the Government of Jamaica as the Hub-host, and the Norwegian Government for their leadership and committed to tabling the issue within the Organization of Eastern Caribbean States (OECS) grouping with a view to full participation in the Blue Justice Initiative.

Deputy Director General, Norwegian Ministry of Trade, Industry and Fisheries, Olav Norheim said members of the Blue Justice Initiative (BJI) have a common understanding that transnational organized crime in the global fishing economy has a serious effect on the economy, distorts markets, harms the environment, and undermines human rights. He congratulated the Caribbean on its latest milestone in convening its inaugural meeting and training and stressed the importance of working together through common understanding as the path to success.

Through intelligence sharing, knowledge adoption, improved awareness and coordinated law-enforcement efforts, the region will create a “formidable force” against those who seek to exploit Caribbean oceans and its resources unlawfully, declared Executive Director, CRFM, Milton Haughton. “The establishment of this hub underscores the regional determination to address these challenges head on with a united front and a comprehensive, coordinated approach,” Mr. Haughton stated.

Ava Whyte-Anderson, Officer in Charge/Assistant Resident Representative from UNDP Jamaica, emphasized the importance of bolstering capacities to address fisheries crime in order to reinforce strategic interests in harnessing the Blue Economy for sustainable economic growth and livelihoods. She called the Blue Justice Initiative’s digitally powered Blue Justice Community a stellar example of how UNDP intends to leverage digital transformation to underpin transformative actions that improve the quality of people’s lives and livelihoods.

UNDP Regional Technical Specialist for Water, Oceans, Ecosystems and Biodiversity, AnaMaria Nunez said the Blue Justice Hub in the Caribbean is pivotal to underscoring UNDP’s support for interventions that enable sustainable use of natural resources. She said Small Island Developing States (SIDS) remain a priority of the UNDP as fisheries play a leading role in supporting lives and livelihoods and are critical to advancing human development through a sustainable and fair blue economy.

“The creation of the Blue Justice Caribbean Hub is a testament to our shared commitment to address food security and the growth of the Blue Economy in the region. Our collaboration with the Norwegian Blue Justice Initiative and UNDP’s Blue Resilience project is essential for fostering strategic inter-agency collaborations that benefit all Member States, in addressing crime that threatens the fishing industry” said Dr Gavin Bellamy, CEO of the NFA Jamaica.

The Blue Justice Caribbean Hub (BJCH) emerges as a direct response to the CRFM Ministerial Resolution No. MC 15(6) of 2021 which emphasizes regional support for the International Declaration on Transnational Organized Crime in the Global Fishing Industry (Copenhagen Declaration) and the Norwegian Blue Justice Initiative. These collective efforts underscore the urgency of cooperative action to safeguard food security, marine ecosystems, and uphold the rule of law amidst challenges posed by illegal fishing and fisheries crime in the Caribbean region.

Jamaica serves as the host of the Blue Justice Caribbean Hub, with the National Fisheries Authority as its focal point.

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Health

90% of strokes are avoidable with a few lifestyle changes!

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Cleveland Clinic Expert Shares Six Simple Steps to Prevent Vast Majority of Strokes

  

December 5, 2023 – According to the World Stroke Organization (WSO), stroke is the leading cause of disability worldwide. The WSO says one in four people will have a stroke in their lifetimes, and each year over 12 million people worldwide have strokes. However, it adds that 90% of strokes are preventable by addressing a small number of risk factors that are responsible for most strokes. In The Bahamas, on average 224 people (or 9.56%) die annually from strokes. 

Here, Andrew Russman, DO, Medical Director of Cleveland Clinic’s Comprehensive Stroke Center and a vascular neurology specialist, offers advice on how to reduce stroke risk by better managing existing health conditions and also through implementing lifestyle changes. “These tips are interrelated as most of the lifestyle changes mentioned also play a role in improving management of hypertension, high cholesterol and diabetes, which all increase stroke risk,” Dr. Russman points out.

  1. Reduce hypertension

Uncontrolled hypertension – that is, blood pressure that is consistently above 130/80 – is the single most important modifiable risk factor in stroke worldwide, says Dr. Russman.

Aside from medication, an important step in reducing blood pressure is to reduce salt intake, which Dr. Russman says is good advice even if you don’t have high blood pressure. “We recommend consuming no more than 2g of salt per day. I advise my patients to check food labels and nutritional websites for sodium levels as their intake is usually far higher than they realize,” he adds.

  1. Be wary of diabetes

It is important to be tested for diabetes, and if diagnosed, to manage the condition wells, says Dr. Russman. He explains that diabetes causes narrowing of small, medium and large blood vessels in the body, including vessels of the eyes, kidney, heart and brain. Owing to this, diabetes can contribute to a variety of vascular, cardiovascular and cerebrovascular problems including stroke. In addition, for patients who have survived a stroke, the risk of having a second is three times higher in those patients whose diabetes is not controlled.

Dr. Russman says that as part of their treatment plan, people with diabetes should have their condition monitored through HbA1C tests, which provide a three-month snapshot of their blood sugar control. “We                                      recommend that these individuals aim for an HbA1C result of 7.0 or less. Taking prescribed medication correctly, watching their diet, exercising regularly, and following their healthcare provider’s recommendations                          will help them achieve this.”

  1. Address atrial fibrillation

The WSO says atrial fibrillation is associated with one in four strokes, and Dr. Russman says these strokes tend to be more severe and disabling than strokes associated with other risk factors.

“Atrial fibrillation is a heart rhythm condition characterized by very rapid heartbeats that don’t allow the top left chamber of the heart – the left atrium – to contract normally. Instead, it fibrillates and flutters so blood                         is not ejected normally from the chamber,” he says. “Anytime blood is stagnant for too long, it can form a blood clot that can travel elsewhere in the body. This clot could cause a stroke by blocking a blood vessel in the brain, depriving that part of the brain of the oxygen and nutrients it needs.”

Dr. Russman says atrial fibrillation is the most common acquired heart rhythm disorder in older adults, and its associated risk is strongly related to age. “The older you are, the more at risk you are of acquiring the condition, but also the higher the risk of stroke associated  with the condition,” he says. “It is estimated that up to half of all patients with a heart rhythm condition are not aware of it. However, once diagnosed, atrial fibrillation can be treated with a blood-thinning medication. These do carry some risks, but the benefits far outweigh these in the vast majority of patients.”

  1. Manage cholesterol levels

In addition to reducing high levels of low-density lipoprotein (LDL) or ‘bad’ cholesterol through diet, for example, by avoiding saturated fat, individuals might be prescribed statin medications that reduce future risk of heart attacks and strokes. Dr. Russman says these medications, particularly rosuvastatin and atorvastatin, may benefit patients beyond simply reducing cholesterol levels in that they also appear to reduce inflammation and stabilize plaque build-up in blood vessels.

  1. Stop smoking

“Any type of smoking is associated with increased risk of cardiovascular disease and stroke, and is strongly associated with accelerated hardening of the arteries and narrowing of blood vessels in the brain, heart and   elsewhere,” says Dr. Russman. “We therefore strongly recommend everyone completely stop any form of nicotine ingestion to significantly reduce their long-term risk for a multitude of diseases.”

  1. Adopt a healthy lifestyle

Dr. Russman recommends following an eating plan that is low in saturated fats and sodium, and to avoid alcohol and excessive caffeine consumption. Regular physical activity is also important as it can reduce the risk of stroke directly, but also indirectly as it helps to lower high blood pressure and blood sugar levels. Exercise can also help to reduce stress, as can other activities such as meditation or deep breathing, which is important as stress causes the body to release chemicals that can increase blood pressure, affect hormones and raise blood sugar levels, says Dr. Russman.

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