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EU Demands Money Laundering Convictions

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The Bahamas ‘Stubborn’ with Global Financial Obligations

Deandre Williamson

Journal Staff Writer (Bahamas Press Club)

#Brussels, March 8, 2019 – Belgium – European Union Member of Parliament Sven Giegold called The Bahamas a “stubborn case” as he insisted that the country must carry out money laundering convictions before the nation can be considered for removal from the European Union’s blacklist.

“According to the figures I have, there are no convictions on The Bahamas because of money laundering,” Giegold, who was in Germany, said during an exclusive Skype interview with The Bahama Journal in Brussels, Belgium.

Last month, The Bahamas was blacklisted by the European Union and labeled as a high-risk jurisdiction for financial crime.  However, the EU wants action from The Bahamas, which includes enforcing the financial services laws.

According to Giegold, all large financial sectors, like The Bahamas, have money-laundering problems and there are globally agreed standards, which are violated by fraudsters and people who have money to hide.

“If in certain jurisdictions, although it has a larger financial place, a larger financial center, and nobody is convicted, that is a clear sign that your regime doesn’t deliver,” Giegold said.   “That is the reason why The Bahamas was seen as a country that has not solved all the problems and this is not about destroying anyone’s business.”

Giegold, who is also the coordinator on the Economic and Monetary Affairs Committee for European Parliament’s Greens Group, pointed out that The Bahamas’ position in the international debate was that the government would fight crime, not money laundering.

“The position of your government was we will fight drug dealers, we will fight corruption, we will fight trafficking humans and so on, but we will not go after money laundering,” Giegold said, adding that “this is why there is a basically zero positive track record in The Bahamas.”

“This is exactly what is a very unfortunate position because fighting the money coming from crime is one of the most promising levers to fight crime.  So it is not enough to say we fight the original criminality.  We also have to try best to fight dirty money, so that the incentive to do crime is reduced because if you cannot use the money you make with crime, you’ll be less inclined to become criminal. 

“This is the reason why there is this global standard and The Bahamas have to show that you are cleaning up your financial sector and convict the fraudsters and close the accounts of those who have dubious track records of where they got the money from.”

The EU’s decision to blacklist The Bahamas was based on an evaluation by the Financial Action Task Force and an additional evaluation by the EU. 

An analysis was made which indicates that The Bahamas has a number of deficiencies in areas such as criminalization and convictions, customer due diligence in the financial sector, customer due diligence in the nonfinancial sector, powers of competent authorities, sanctions, international cooperation, beneficial ownership information, and targeted financial sanctions.

“The Bahamas is a particular stubborn case and that is the result of the evaluation that has been done,” Giegold said.

Earlier this year, Prime Minister Dr. Hubert Minnis and Attorney General Carl Bethel met with members of the European Union in Brussels, Belgium about the country’s involvement in international financial markets. 

According to Giegold, solving the issues behind the analysis is more important than Bahamian politicians visiting Europe for meetings. 

“For this, we don’t need meetings in Europe,” he said.  “We want to see convictions and effective cooperation.”

Following the EU’s decision to blacklist The Bahamas, Bethel told the Senate that the government has addressed the concerns of the EU, which involves the criminalization of money laundering and terrorist financing by implementing the Proceeds of Crime Act (since 1996) and the Anti-Terrorism Act 2018.

Also, Bethel said the customer due diligence and record keeping requirements were addressed in the Financial Transactions Reporting Act 2018, and its predecessor law with the same name, since 2000.

But according to Giegold, passing laws isn’t sufficient, and he explained that The Bahamas must also demonstrate to the public and global community that laws are not only passed, but also applied rigorously.

“This means people who have broken rules such as due diligence, have opened offshore companies for criminal people, that they have to come to justice and the respective financial institutions lose their licenses.  There must be real consequences of these laws and then you are credible,” he said, adding that there are also other measures that must be taken before The Bahamas is clean.

Giegold, who is also an economist with specialization in financial crimes, hopes The Bahamas would work cooperatively with the EU because the EU has no intentions of destroying the country’s financial services sector.  He said the EU just wants The Bahamas to conduct business in accordance with globally agreed rules.

“Our subject is that you are a part of a global financial system, an important financial center, and at the same time do not respect the rules which go with open capital accounts.  That is the basis,” he said.” Our cup of tea is, there are global rules and they have to be enforced regardless who is in government.”

Release: The Bahamas Press Club

For further information contact: Secretary Lindsay Thompson at (242) 434-5643. Email:thebahamaspressclub@gmail.com.

Website: www.bahamaspressclub.org

Photo Caption: Bahamas Press Club Member, broadcast journalist Deandrè Williamson attended the 7th World Conference Against Death Penalty, in Brussels from February 26 to March 1st, 2019. Pictured is European Union Member of Parliament Sven Giegold, who commented on Blacklisting as it relates to The Bahamas.

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Federal Investigation into Florida Turnpike Tragedy that Killed Three Children of Bahamian Mother

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NTSB examining roadside assistance driver’s actions, SUV speed and seat belt use after six people perish in fiery collision

ORLANDO, FLORIDA — October 29, 2026 — Federal investigators have joined the investigation into a horrific Florida Turnpike collision that claimed six lives, including all three children of a Bahamian mother, as questions intensify over what caused the deadly crash.

The United States National Transportation Safety Board (NTSB) has confirmed that it is opening an investigation into the October 23 accident, which occurred around 9:31 p.m. near mile marker 252 in Orange County.

The agency’s involvement brings federal scrutiny to a tragedy that has devastated several families and prompted an extraordinary outpouring of sympathy and disbelief.

Among those killed were siblings Charles Milton, Jakara Milton and Dalvena Green, the three adult children of Marshall Clarke-Milton and her husband, Charles Milton Sr.

The siblings were traveling with three others to Universal Orlando’s Halloween Horror Nights, reportedly on their first trip together.

They never arrived.

FEDERAL INVESTIGATORS EXAMINE WHAT WENT WRONG

The NTSB confirmed to FOX 35 Orlando that its investigation will examine the training and performance of the roadside assistance driver, the actions of the SUV driver, including speed, and whether the occupants were wearing seat belts.

The agency investigates serious transportation accidents to identify safety failures and recommend measures that could prevent similar tragedies.

Its involvement does not establish wrongdoing by either driver.

The Florida Highway Patrol is conducting a separate investigation into the collision.

According to the preliminary police account, a Road Ranger roadside assistance truck had been parked in the highway median before its driver received instructions to assist a disabled box truck on the opposite shoulder.

As the Road Ranger moved across the northbound lanes, it collided with a 2023 Chevrolet Traverse carrying six adults.

Both vehicles left the roadway and caught fire.

All six occupants of the SUV died at the scene. The Road Ranger driver survived with minor injuries.

MOTHER CHALLENGES EARLY ACCOUNT

Witnesses reportedly told investigators that the SUV was traveling at high speed without its headlights illuminated.

However, those observations have not been established as the definitive cause of the collision.

Clarke-Milton has challenged suggestions that her children or their companions were responsible, urging investigators to examine the evidence before reaching conclusions.

She wants investigators to establish the SUV’s actual speed and determine whether its headlights were operating.

The family’s concerns underscore the importance of the continuing investigations, particularly given the movement of the roadside assistance vehicle across active highway lanes.

ALL THREE CHILDREN LOST

For Clarke-Milton, the investigation unfolds against an almost incomprehensible personal tragedy.

She lost all three of her children simultaneously.

In an emotional interview with FOX 35 Orlando, the grieving mother described the terrible feeling that overcame her when she could not reach them.

“My heart sank,” she said, recalling the moment she feared her children were involved.

The siblings were among six people whose lives ended during what should have been an enjoyable evening together.

The other victims included Timothy Williams and Shawn Palmer. A sixth person’s identity had not been publicly confirmed in the latest reports reviewed.

The family’s heartbreak has resonated across The Bahamas and beyond, with expressions of sympathy accompanying calls for answers.

SEARCH FOR ANSWERS CONTINUES

The Florida Highway Patrol has indicated that a crash report is expected within approximately ten days of the accident.

The NTSB’s investigation will examine broader transportation safety concerns, including the operation of roadside assistance vehicles and the circumstances surrounding the collision.

For the grieving families, the findings cannot reverse the tragedy.

But they may establish what happened on that stretch of Florida’s Turnpike and whether anything could have prevented six people from losing their lives.

For one Bahamian mother, the loss is especially devastating.

Three children left for an evening of entertainment. Not one came home.

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Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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Energy Minister Delivers Electrifying Keynote Opening Address at CAREC 2026  

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NASSAU, The Bahamas – The Bahamas’ Minister of Energy, Utilities and Aviation, The Honourable JoBeth Coleby-Davis, delivered an electrifying address during the opening ceremony of the 2026 CARILEC Resilient/Renewable Energy Community (CAREC) Conference and Exhibition, being held October 18–22, 2026, at the British Colonial Hotel in Nassau, The Bahamas.

Under the theme “Empowering Progress: Strategic Policy and Planning for the Energy Transition,” the event draws more than 200 industry leaders, policymakers, regulators, and energy professionals committed to advancing practical strategies for sustainable and reliable Caribbean power systems through renewable energy and emerging technologies.

During her address, titled “The New Energy Era: Transforming Policy into Progress,” Minister Coleby-Davis reminded attendees that The Bahamas’ national motto, “Forward, Upward, Onward, Together,” aptly describes what the region’s energy transition demands.

“Empowering Progress speaks directly to our national motto. Not waiting for progress, but creating the conditions that allow progress to happen. Meaningful progress, however, does not occur by accident. It requires vision, sound policy, strategic planning, strong institutions, and the determination to turn decisions into results,” said Minister Coleby-Davis.

Participants acknowledged that small island developing states share similar pressures, compounded by geographical challenges, small electricity markets, ageing infrastructure, geopolitical influences, and the growing threat of severe weather.

Tasked with ushering in a new energy era across the islands while addressing the challenges posed by The Bahamas’ unique archipelagic composition, Minister Coleby-Davis said, “Every island needs a different answer, but the same logic. As an archipelagic nation, we must provide electricity across many islands, each with its own demand and infrastructure needs. Our strategy, therefore, must be national in direction, but responsive to individual communities.”

Restating her Ministry’s three core messages—that energy is an economic and security priority, technology must be viewed as a tool to support strong institutional leadership, and natural gas should be considered a bridge, not a destination—Minister Coleby-Davis reiterated that “progress must now be reflected in functioning infrastructure, effective institutions, and better electricity services: from policy commitments to coordinated implementation, and from fragmented investment decisions to long-term planning.”

Organised by CARILEC and co-hosted by Bahamas Power and Light (BPL) and Grand Bahama Power Company (GBPC), the annual Conference and Exhibition brings together the Caribbean energy community to advance practical solutions to the region’s most pressing energy challenges and accelerate progress towards more resilient, reliable, and sustainable power systems.

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