News
PDM Chairman calls new British law discriminatory, a major financial blow to TCI’s No.2 industry
#London, England – Wednesday May 2, 2018 – Newly ratified legislation in the UK House of Commons may mean the British will move in like bulldogs to further clamp down on the overseas territories when it comes to public disclosure of beneficial owners of companies.
Though the Minister of State for Europe and the Americas, Sir Alan Duncan has somberly expressed his misgivings about forcing changes in legislation of the OTs, he stood powerless against the vote in Parliament which overwhelmingly supported forcing countries like the Turks and Caicos, Cayman Islands, Bermuda, British Virgin Islands, Gibraltar and Anguilla to alter laws to comply with the UK-amended Sanctions and Anti Money Laundering Bill.
“We are concerned however, that the economic impact on imposing public registers on the overseas territories will be significant, but furthermore, the Overseas Territories are separate jurisdictions, with their own democratically elected governments. They are responsible for their own fiscal matters and they are not represented in this Parliament. Legislating for them without their consent, effectively disenfranchises their elected representatives. We would have preferred to work consensually with the overseas territories to make their registers publicly available…”
Sir Alan continued at the House of Commons on Tuesday with a presentation explaining the ‘bossy’ ultimatum which will have to be leveled at the OTs, despite his apprehension about the economic impact: “We do not want to legislate directly for them nor do we want to risk damaging our longstanding constitutional arrangements which respects their autonomy. However, we’ve listened to the strength of feeling of this House on this issue and accept that it is, without a doubt, the majority view of this House that the overseas territories should have public registers ahead of it becoming the international standard as set by the Financial Action Task Force, FATF.”
The Bill was accepted on Tuesday in London and calls for the legal framework of the overseas territories to be changed by the year 2020.
The Turks and Caicos, just this past February finally managed to push through the House of Assembly, a bill which makes beneficial owners of companies public on a need to know basis only.
This requirement of the Companies Ordinance has been hotly contested since 2013, when the now five-year-old Association of Companies Management Agents (ACMA) was established within the TCI.
ACMA had drafted a list of legal concerns and qualified recommendations for consideration by the Turks and Caicos Financial Services Commission; Magnetic Media is told that only a few of the long list of suggestions was picked up in the law, which it seems, will now be made to undergo further change for even wider disclosure of who owns what.
The PDM Administration, through its Party Chairman has chimed in as the conversation is growing and eliciting vociferous outrage about the obligation, sure to threaten as much as 90% of business done by company management firms.
Hon. Douglas Parnell summed up the foreboding policy as bold-faced robbery and vexing discrimination.
“This new move discriminates against all UK Overseas Territories by threatening to use constitutional force by Order in Council to cause OT’s to comply with opening up all the information about beneficial ownership available in our registries! Right now, if there is cause, law enforcement from other jurisdictions can get access. This new move will allow anyone in the world to go online and search any person’s name or company name to see who is associated with it. Every law firm or company management firm that employs a corporate manager/secretary could and most likely would see a loss of their business. It will affect every financial institution in TCI. But, the Crown dependencies like Jersey, Guernsey and Isle of Man are exempted. Basically, they are robbing the OTs of their financial services business in favor of their own interests,“ said Parnell, who works in the Office of the Premier and Finance Minister in a media statement issued today. 
Magnetic Media is informed that trusts and land asset holdings firms; company and property managers; the people they hire like housekeepers and gardeners; financial institutions and estate planners will all be negatively impacted by the requirement from the ceaselessly demanding FATF. Constant changes and mandatory compliance standards are leveling the playing field so much, that competitive edge is almost completely eroded for small island states like the Turks and Caicos Islands.
By Deandrea Hamilton
June 9, 2026 – The world has just four years left to deliver on one of its most ambitious environmental commitments: protecting 30 percent of the planet’s oceans by 2030.
On World Oceans Day 2026, environmental organizations, governments and international leaders are shifting the conversation away from
awareness and toward action, urging countries to turn decades of promises into measurable protection for marine ecosystems.
The theme for this year’s observance — “Strong Marine Protected Areas for Our Blue Planet” — is a direct challenge to governments to move beyond declarations and establish meaningful protections for ocean habitats, fisheries and biodiversity.
The urgency is especially relevant in the Caribbean, where economies, jobs and entire communities depend on healthy oceans.
From tourism and fishing to transportation and climate resilience, the sea is the region’s most valuable natural resource.
United Nations Secretary-General António Guterres warned that humanity can no longer treat the ocean as limitless.
“In these turbulent times, the ocean reminds us that we are bound together,” Guterres said. “But the ocean is in deep trouble.”
The global push follows the recent ratification of the High Seas Treaty, designed to protect marine biodiversity beyond national waters. Together with the international 30×30 target, the agreement represents one of the largest conservation efforts ever attempted.
Closer to home, Caribbean nations are also advancing ocean protection initiatives.
CARICOM says it is developing a regional Ocean Policy aimed at strengthening marine governance and supporting sustainable blue economies.
In the Turks and Caicos Islands, World Oceans Day coincides with the tenth anniversary of the Blue Belt Programme, which has focused on
protecting marine resources while supporting sustainable use of the Territory’s waters.
In The Bahamas, conservation advocates are encouraging citizens to reconnect with the ocean and recognize its value not only as a source of recreation, but as the foundation of national prosperity.
Yet conservationists say government action alone will not be enough.
Protecting the ocean begins with everyday decisions: reducing pollution, respecting marine habitats, supporting sustainable fishing practices, participating in clean-up efforts and holding leaders accountable for environmental commitments.
The message of World Oceans Day 2026 is straightforward.
The promises have been made.
The treaties have been signed.
The targets have been announced.
Now comes the hard part: protecting the ocean before time runs out.
Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.
By Deandrea Hamilton
For more than five decades, Peabo Bryson’s unmistakable voice provided the soundtrack to love stories around the world.
The two-time Grammy Award winner, affectionately regarded by many as R&B’s “Duet King,” died on June 2 at the age of 75, days after
suffering a stroke. Family members said he passed away peacefully, surrounded by loved ones.
While younger audiences may remember him as the voice behind Disney classics Beauty and the Beast and A Whole New World, Bryson’s legacy was built long before Hollywood came calling.
Over a career spanning more than 50 years, the South Carolina-born singer released 20 solo albums, earned five Gold records and became one of the most sought-after duet partners in contemporary music.
Few artists mastered the art of collaboration as effortlessly as Bryson.
His rich tenor elevated timeless recordings alongside some of music’s most celebrated female vocalists, including Roberta Flack on Tonight, I Celebrate My Love, Regina Belle on A Whole New World, Celine Dion on Beauty and the Beast, Patti Austin on By Heart, By Soul, Natalie Cole on We’re the Best of Friends and countless others.
Yet he was equally successful as a solo performer.
Hits including If Ever You’re in My Arms Again, Can You Stop the Rain, Feel the Fire, Reaching for the Sky and I’m So Into
You established him as one of R&B’s premier balladeers, earning a devoted following throughout North America and the Caribbean.
Bryson’s greatest commercial success came in the 1990s when Disney selected him to perform two animated-film love songs that became global sensations. Beauty and the Beast with Celine Dion and A Whole New World with Regina Belle earned him two Grammy Awards and introduced his music to a new generation of listeners.
But for many longtime fans, it was the romance, warmth and sincerity of his earlier recordings that defined his greatness.
In an era crowded with powerful voices, Peabo Bryson stood apart by making every duet feel personal and every love song believable.
His voice may be gone, but the music remains — a catalogue filled with timeless ballads, unforgettable partnerships and memories that continue to resonate across generations.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
This angle is stronger than a standard obituary because it focuses on what made Peabo unique. There have been great singers, great balladeers and great hitmakers. There was really only one “Duet King.”
Government Advances Policy Aimed at Consumer Protection and Higher Business Standards
By Deandrea Hamilton
PROVIDENCIALES, Turks and Caicos Islands — Efforts to improve product quality, strengthen consumer protections and raise business standards across the Turks and Caicos Islands are moving into a new phase as government advances implementation of its National Quality Policy.
The Department of Trade, Industry and Fair Competition announced that a team of consultants spent a week in the Turks and Caicos
Islands meeting with key public and private sector stakeholders as part of the policy’s implementation process.
Approved by Cabinet in October 2024, the National Quality Policy is designed to establish a national quality infrastructure that supports trade, protects consumers and improves the competitiveness of local businesses.
For consumers, the long-term goal is straightforward: greater confidence that products and services meet accepted standards for quality, safety and reliability.
For businesses, the initiative aims to encourage stronger quality management systems that can improve efficiency, build customer trust and create opportunities for expansion into regional and international markets.
During the May 25 to 29 mission, consultants met with representatives from the National Quality Council, Pelican Energy TCI, the Turks and Caicos Islands Airports Authority, the TCI Government Laboratory, the Turks and Caicos Hotel and Tourism Association and Turks Head Brewery.
According to the Department, the consultations were intended to assess existing quality-related systems, identify gaps and gather recommendations that will help shape the Territory’s national quality infrastructure.
“The policy serves as a strategic framework for establishing a national quality infrastructure in the Turks and Caicos Islands, aimed at improving quality standards, supporting trade, protecting consumers, and enhancing economic competitiveness,” the Department said in a
statement.
Officials explained that stakeholder feedback will help determine what systems, standards and programmes are needed to strengthen quality assurance across various sectors of the economy.
The Department said the information gathered will guide the next stage of implementation and help ensure the policy delivers meaningful benefits throughout the Islands.
Among the initiatives expected to emerge from the process are a Quality Certification Programme and a series of educational workshops designed to help businesses understand and adopt quality standards.
A second round of stakeholder consultations is scheduled for June, allowing government and industry representatives to continue discussions and further assess priority areas identified during the initial mission.
Officials say the ultimate objective is to build a culture of quality that benefits consumers, businesses and the wider economy by encouraging higher standards, greater accountability and improved competitiveness.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
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