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Office of the Attorney General and Ministry of Legal Affairs Hosts Risk Assessment Workshop

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#TheBahamas, April 26, 2022 – Non-Profit Organizations were invited to participate in a workshop to assist the government in meeting its goal of becoming fully compliant to Recommendation 8 of the Financial Action Task Force’s Risk Assessment Criteria in relation to Non-Profit Organizations. The country’s rating as it relates to Non-Profit Organizations is currently ‘Partially Compliant’ since the last assessment in 2021.  A two-day workshop was conducted by the Office of the Attorney General and Ministry of Legal Affairs at Baha Mar April 5-6, 2022 led by Attorney General and Minister of Legal Affairs, the Hon. Ryan Pinder.

Among the participants were church leaders, controllers and presidents of charitable organizations and other stakeholders. Also in attendance was the Minister of State in the Office of the Attorney General and Ministry of Legal Affairs, the Hon. Jomo Campbell.  Moderators for the event included Dr. Cassandra Nottage, National Identified Risk Co-ordinator and Tiffany Moss, Senior Counsel/Chief Compliance Officer at the Office of the Attorney General.

Minister Pinder said that the NPO Risk Assessment Training and Workshop is a very important and necessary exercise, given the important role that the sector plays in the country’s economy.

“As most of you would know, The Bahamas is a founding member of the Caribbean Financial Action Task Force (CFATF) , the regional Financial Action Task Force (FATF) body. In 2015, The Bahamas underwent an assessment of its implementation of the FATF 40 Recommendations. Of these, Recommendation 8, which deals with non-profit organizations, was evaluated as “Partly Compliant” by examiners.  A partially compliant rating essentially means that The Bahamas has not fully implemented the requirements of Recommendation 8, and there are deficiencies within its legislative framework.”

The objective of Recommendation 8 is to ensure that NPOs are not misused by terrorist organizations:

1.To pose as legitimate entities.

2.To exploit legitimate entities as conduits for terrorist financing, including for the purpose of escaping asset freezing measures.

3.To conceal or obscure the clandestine diversion of funds intended for legitimate purposes, but diverted for terrorist purposes.

Mr. Pinder said that currently, there are approximately 1,047 NPOs registered in the country.  He explained that the Compliance Unit has completed the process of a preliminary assessment of the sector by conducting a desktop review to enable the risk profiling of each individual NPO.

The team, he said, has employed risk rating criteria, which when coupled with the detailed analysis of information obtained from questionnaires, and interviews, will allow an identification and comprehensive assessment of the types of NPOs that are likely to be at risk of terrorist financing abuse.

“The results of the risk assessment exercise will inform a risk based or, in other words ‘targeted’ supervision and monitoring of the NPO sector in The Bahamas,” he said.

“I am sure it will bring much comfort to many of you if the outcome of this risk assessment demonstrates that you are at little to no risk for terrorist financing abuse. This will, no doubt, place you in a low risk category with little supervision and monitoring. If the outcome, however, if there are risks to terrorist financing abuse, and corresponding vulnerabilities due to the nature of your activities and engagement with international elements, then by all means, enhanced monitoring and supervision would be warranted.”

He noted the vital role NPOs play in the local economy, but said they also play a role in the global economy. “Your efforts complement government activities in providing essential services as well as comfort and in many cases, spiritual guidance and hope to those in need, “he said. “NPOs have been a critical partner in providing much needed assistance with disaster relief efforts in The Bahamas and throughout the world. We have seen this first hand with our own experiences with Hurricane Dorian in 2019. Our NPOs were on the ground providing support to thousands of Bahamians; along with many of our churches, which were involved. These efforts are commendable.”

He said, however, that despite legitimate efforts, the events of September 11 coupled with the ongoing international campaign against terrorist financing have demonstrated that terrorists and terrorist organizations exploit the NPO sector to raise and move funds, provide logistical support, encourage terrorist recruitment or otherwise support terrorist organizations and operations. This misuse, he emphasized, undermines donor confidence and compromises the integrity of NPOs.

The Minister explained that in May 2021, The Bahamas applied to the CFATF for a re-rating of FATF Recommendations, which were rated as partially compliant and two recommendations were revised since the Bahamas’ Mutual Evaluation.  During The CFATF Plenary in December 2021, The Bahamas received nine upgrades, one downgrade and two ratings were maintained. Recommendation 15 was downgraded from Largely Compliant and Recommendation 8 maintained a rating of Partially Compliant.

“The completion of the risk assessment, with your input through questionnaires and interviews, will enable The Bahamas to further comply with Recommendation 8.  In May 2022, next month, The Bahamas will make an application for an upgrade from “partially compliant” to “largely compliant” or better yet “fully compliant.”

During her overview of The FATF Recommendation 8, Tiffany Moss pointed out that several criteria increased the risk of NPOs as it relates to terrorist finance abuse, including those with annual turnovers of $75,000 or higher and cross-border movement of cash (such as those with parent companies or affiliates in another jurisdiction), among other risk levels.

 

Letisha Henderson

(BIS)

Bahamas News

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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Rosewood Exuma: A precedent-setting case for environmental law and future development in The Bahamas  

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By Eric Carey, ONE Consultants, former Executive Director of the Bahamas National Trust. 

We are facing an extraordinarily important moment in judicial history in The Bahamas as we await a decision on the trial of allegations in the Yntegra group’s Rosewood Exuma project.

As former Minister of the Environment, Romauld Ferreira, put it in the Supreme Court last week: “A lot is at stake…a  great deal of what will be considered in this case sets the stage for what’s to come for future development in the country.”

In the trial of the judicial review of government approvals given to Yntegra for their Rosewood Exuma resort this week, we’ve heard technical arguments about failure to make key environmental documents like Yntegra’s Environmental Impact Assessment and Environmental Management Plan available to the public, failure of key documents to assess some of the most controversial aspects of the project, an unlawful consultation process, and a failure to conduct further consultation following major changes to the development.

Lawyers for Turtlegrass described how there was a “salami slicing” of the project into chunks as a way to circumvent the approvals process and disguise its full impact from public scrutiny. Only certain portions came before the public and key stakeholders like Turtlegrass and Over Yonder Cay for scrutiny, while some of the most controversial aspects did not. This is particularly problematic given what is at stake – the dredging of a beautiful Exuma bay, the North Bay, to transform it into an industrial shipping channel, complete with an enormous seawall, dock, back-of-house facilities and other industrial infrastructure.

It is unfortunate that it has had to come to this – an expensive judicial review process that calls out the government for falling down on its duties to protect the environment and follow the law – but it is important and the broader implications should not be overlooked. When Justice Leif Farquharson rules on this case, he’ll set a precedent that could echo in The Bahamas for years to come, one that answers the question: are the 2019 environmental laws that Ferreira took to parliament after many years of advocacy by environmentalists toothless tigers that are just for decoration – or are they capable of protecting the environment that we all depend on and the rights of those affected by projects to have a genuine say in them?

What is curious is that at the same time as these points are being raised in court as part of the judicial review, we are seeing personal attacks about Bob Coughlin – the person spearheading this legal action and test of environmental laws – by online trolls. Coughlin, an Exuma resident for almost a decade, has long been established as an environmental advocate and a passionate philanthropist – one who has donated almost $4 million to causes in The Bahamas since 2018, including millions to the organisation I once led, the Bahamas National Trust.

For reasons one can only speculate about, these trolls have been trying to make out all sorts of absurd things: that his legal action in support of environmental protection is a petty dispute born out of fears of competition. That Coughlin no longer even wants to pursue his eco-tourism project, when the reality is that he was forced to put it on hold because of the destructive environmental plans that are in dispute. That he is the only one who has an issue with this Rosewood Exuma resort, when in fact, neighbouring resort, Over Yonder Cay – one of the top rated resorts in the Caribbean – as well as the Save Exuma Alliance – consisting of most of the local islands and businesses in the Exuma area, and thousands of petition signers have expressed their concern with the project – over 9,000 to date. Most ironically, they claim, wrongly, that Coughlin received crown land for personal use, when in fact it is Yntegra who received crown land while having no development track record, when Coughlin instead bought his lease on Sampson Cay from a private owner.

The timing of these claims, in the week of the trial, suggest a patronising and cynical attempt to distract from the gravity of the case being heard, what it represents, and how important this decision is. With their simplistic, jingoistic and factually-dubious references to crown land, white foreigners, and the like – it’s not hard to imagine that those involved are engaged in a ploy to push the buttons of Bahamians who they apparently believe can be too easily distracted into ignoring the real issue here: that the government, has – in the words of those in the Supreme Court this week – “run roughshod” over environmental laws with its approvals for Yntegra’s Rosewood Exuma project and that this is truly a landmark case and the decision will have a long-lasting impact on future development. This is at a time when foreign direct investment (FDI) inflows into the Bahamian economy are forecast to increase by as much as two thirds over the next two years, according to the Inter-American Development Bank (IDB).

So I call on my fellow Bahamians to stay focused. This is not a story about one man – it is a story about the future we want for our country and whether we are willing to sacrifice our ability to demand environmental accountability in all developments moving forward. There is too much at stake to be thrown off the track by trolls.

As Ferreira says of the judicial review that now awaits Justice Leif Farquharson’s judgement: “This is the first set of litigation, serious litigation, that takes a deep dive into the Environmental Planning and Protection Act and the environmental impact assessment regulations…There’s a lot at stake here.”

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Monument Supports Hands for Hunger With Paradise Plates Debut  

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NASSAU, Bahamas — Caribbean Wines & Spirits (CWS), The Bahamas’ leading wine and spirits distributor, proudly supported Paradise Plates, Hands for Hunger annual fundraiser with a flavorful offering of its newest product, Monument Beverage Co.

Monument, which launched this July and is available across six major islands, made its Paradise Plates debut. Guests enjoyed three bold flavors: Peach Passion, Ginger-Lime and Melon Fizz as they socialized throughout the evening.

Monument brand ambassadors engaged guests with knowledge on the ready-to-drink beverage’s unique taste and look. Many attendees were delighted to learn that Monument is 100% Bahamian-made and owned and enjoyed seeing the various national landmarks on the packaging.

The booth was adorned with vibrant brand colors, striped arches, tropical florals and a photo worthy backdrop featuring Monument cans filled with florals cascading down the wall.

At the end of the event, the entire Monument inventory had finished, making Monument’s Paradise Plates debut a huge success.

For more details on Caribbean Wines & Spirits, new products and specials, visit www.cwsbahamas.com today.

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