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BAHAMAS: DPM Announced Upcoming Meeting Series on Anti-Money Laundering/Countering Financing of Terrorism

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#Bahamas, April 23, 2018 – Nassau – Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said The Bahamas Government is legislating to ensure that the country continues to meet international expectations for anti-money laundering and countering the financing of terrorism.

“We also support our financial regulators, as they supervise their licensed entities in a fashion calculated to minimise financial crime,” DPM Turnquest said at a press conference at the Ministry of Finance, April 12, 2018 announcing plans for the upcoming 2018 National AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) Conference to be hosted by The Central Bank of The Bahamas and other partners.

The conference is to be the first in a new annual series, and will become the Bahamian flagship event for improving national capabilities in anti-money laundering and countering the financing of terrorism.   It will take place September 17 and 18, 2018 at Baha Mar Convention Centre.

The DPM said the strong regulatory regime that characterises the financial services sector ensures that the integrity of The Bahamas as an international financial centre is maintained.

“As a sovereign nation for more than 40 years, successive governments have consistently demonstrated the country’s commitment to international best practices, cooperation in the administration of justice, international tax transparency, anti-money laundering and the countering of financial terrorism initiatives.

“Bahamian regulators are well-regarded and are active partners with international peer groups and agencies.”

DPM Turnquest said some of the brightest minds will contribute to the national dialogue on AML/CFT risk.  The conference will also engage both national and international expertise.  He said the event will help Bahamian stakeholders improve their capacity to protect against financial crime.  “We will demonstrate to relevant international observers that The Bahamas is becoming more of a thought leader in the global fight against money laundering.”

Governor of The Central Bank of The Bahamas, John Rolle said the Central Bank is pleased to be partnering with other domestic sector financial regulators, comprising the Securities Commission, the Insurance Commission, the Compliance Commission, the Gaming Board, as well as the Financial Intelligence Unit as a relevant governmental agency.

“The National AML/CFT Conference is an ideal opportunity to engage in meaningful dialogue on recent global trends impacting AML/CFT, as well as focus on risk management issues within specific industries.”

He said conference registration details will be announced during the week of May 7 and will provide relevant details about costs, plus a comprehensive conference schedule.

 

By: Llonella Gilbert (BIS)

Photo Caption: Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest (far right) at a press conference to announce plans for the upcoming 2018 National AML/CFT Conference to be hosted by The Central Bank of The Bahamas and other partners.  Also pictured from left at the Ministry of Finance, April 12, 2018: Inspector of Banks and Trust Companies, Charles Littrell and Governor of The Central Bank of The Bahamas, John Rolle.

(BIS Photo/Kristaan Ingraham)

 

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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