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The Anti-Money Laundering Committee Hosts Series of National Money Laundering/Terrorism Financing/Proliferation Financing Risk Assessment Workshops for the Turks and Caicos Islands

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Providenciales, Turks and Caicos Islands – Thursday, 29th May 2025: The Anti-Money Laundering Committee (AMLC) hosted a series of workshops from May 5-13, 2025, aimed at identifying and updating our understanding of the Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF) risks to the Turks and Caicos Islands.

In an effort to bolster national ML, TF, and PF risk understanding and mitigation, the AMLC is pleased to announce a series of multi-stakeholder workshops as part of the Turks and Caicos Islands’ comprehensive ML, TF, and PF National Risk Assessment initiative which is critical not just for regulatory compliance, but for national security, economic stability and good governance. The workshops held from May 5-13, 2025 were designed to gather empirical and qualitative information from local law enforcement, regulatory supervisors, private sector stakeholders, and related agencies to identify and understand the nature and extend of risks posed to Turks and Caicos Islands and by extension the global financial system from ML, TF and PF.

The National Risk Assessment currently being undertaken in the Islands includes an assessment of major proceeds-generating offences, vulnerabilities in the products and services of the financial and non-financial sectors, not-for-profit organizations, and virtual asset service providers. By engaging diverse perspectives and expertise from across sectors, these workshops play a crucial role in fostering a proactive approach to risk management.

“We are excited to launch these workshops as a vital component of our National Risk Assessment strategy. By harnessing the collective knowledge and experience of stakeholders, we aimed to strengthen our ability to mitigate risks effectively. It’s not just about checking boxes or meeting global standards. It’s about building a system that works for us, one that is smart, responsive, and resilient.” said Mrs. Kenisha Bacchus, Managing Director (Ag) of the Turks and Caicos Islands Financial Services Commission and Deputy Chair of the AMLC, who opened the workshops.

Hon. Rhondalee Braithwaite Knowles OBE KC, Chair of the AMLC said, “The outcomes of these workshops and others that will be held focused on private sector stakeholders, will inform our advice to the Cabinet on the relevant policies, with a view to strengthening the Turks and Caicos Islands’ legal and regulatory frameworks, and support the development of an updated national AML/CFT/CPF strategy that is responsive, targeted, and effective.”

This month’s workshops focused on key areas such as the proceeds generated by corruption, human smuggling, drug trafficking, and foreign-generated offences as well as sectors such as banking, real estate, trust and corporate services providers, etc. leveraging insights to develop actionable strategies and policies. Participants had the opportunity to contribute their expertise towards shaping resilient frameworks that safeguard the Turks and Caicos Islands’ reputation as a well-regulated, secure, and stable economy.

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Beaches Turks and Caicos loyal guests celebrate Welcome Home Week 2026  

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Beaches Turks and Caicos resort General Manager Deryk Meany shares with the loyal return guests at the Welcome Home Cocktail reception at the Treasure Beach beach

PROVIDENCIALES, Turks & Caicos Islands: — Beaches Turks and Caicos recently transformed into a massive reunion hub, rolling out the red carpet to celebrate its highly anticipated Welcome Home Week 2026. Held recently, the spectacular five-day event saw more than 2,000 loyal repeat guests return to the pristine shores of Providenciales. For these returning vacationers, it was not just another vacation but a heartfelt homecoming filled with exclusive events, community giving and unforgettable island entertainment.

Welcome Home Week is a staple tradition for the resort, designed specifically to honour and pamper guests who make Sandals and Beaches resorts their preferred vacation destination year after year. This year’s iteration proved to be an extraordinary showcase of hospitality, packed with a wide range of activities tailored specifically to celebrate the resort’s extended family of loyal visitors.

The festivities kicked off with a lavish welcome reception, setting a warm and inviting tone for the days ahead. Guests reconnected with favourite team members and mingled with fellow returning visitors while enjoying signature cocktails and local culinary delights. The momentum continued to build throughout the week with a vibrant line-up of daytime events. A breathtaking catamaran cruise allowed guests to soak in the famous turquoise waters, while the highly competitive yet hilarious pool olympics brought out the playful spirit of attendees of all ages.

Beyond the poolside fun and ocean adventures, the week featured moments of meaningful connection and community impact. Guests enthusiastically participated in the Sandals Foundation’s “Pack for a Purpose” initiative, bringing much-needed school supplies and resources to support local educational programmes in the Turks and Caicos community. This philanthropic effort was beautifully paired with a relaxed sip and paint session, where guests could unleash their inner artists while enjoying fine wines.

General Manager Deryk Meany was thrilled with the turnout and the vibrant energy that filled the property. He noted that this year’s celebration stood out as one of the most successful Welcome Home Weeks the resort has ever hosted. According to Meany, a major highlight that elevated the 2026 festivities was the introduction of the Treasure Beach Village experience. This new addition provided an immersive, localized atmosphere that gave returning guests fresh memories to take home, proving the resort always has something new to offer.

Orchestrating an event of this magnitude requires seamless coordination, and the resort’s dedicated staff delivered on all fronts. Samantha Bartholomew-Roberts, the loyalty and travel manager, expressed immense pride in her department. She was visibly excited about the incredible work her team achieved, noting that celebrating with loyal guests is one of the most rewarding aspects of their roles. Her team worked tirelessly behind the scenes to ensure every detail was perfect, from the personalized room greetings to the execution of the massive group activities.

The unforgettable week was perfectly capped off with an entertainment-packed farewell dinner. Under the Caribbean stars, the returning guests were treated to spectacular live performances, gourmet dining, and a final toast to the memories made. As the 2026 Welcome Home Week came to a close, it was clear that the bond between Beaches Turks and Caicos and its loyal guests remains stronger than ever.

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Caribbean News

Browne Wins Fourth Term in Antigua & Barbuda Landslide

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Antigua & Barbuda, May 4, 2026 – Prime Minister Gaston Browne has secured a historic fourth consecutive term in office, leading the Antigua and Barbuda Labour Party to a commanding victory in the country’s snap general election held April 30, 2026.

Preliminary results show Browne’s party capturing 15 of the 17 seats in Parliament, tightening its grip on power and dramatically weakening the opposition.

The main opposition United Progressive Party was reduced to just one seat, held by its leader, while the Barbuda People’s Movement retained its single constituency in Barbuda.

The result marks a major political turnaround for Browne, whose party had won a much narrower 9–7 majority in the 2023 election before rebuilding support through defections and by-elections.

Voter turnout figures vary in early reports, with initial estimates indicating participation of around 35.8 percent, or roughly 22,700 voters out of more than 63,000 registered. However, broader election data suggests overall turnout may have exceeded 60 percent, reflecting steady engagement despite political tensions.

The election, called nearly two years ahead of schedule, was shaped by concerns over the cost of living, global economic pressures and fallout from U.S. visa restrictions linked to the country’s citizenship-by-investment programme.

Despite those issues, Browne campaigned on economic stability and continued development, pointing to a strong tourism recovery and ongoing infrastructure expansion.

The decisive victory now strengthens his mandate, but also raises questions about the future of the opposition, which faces internal challenges after significant losses at the polls.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Power Bills Shift As Fuel Costs Fluctuate Across TCI

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Turks and Caicos, May 4, 2026 – Electricity costs in the Turks and Caicos Islands are seeing modest adjustments this month, reflecting ongoing shifts in global fuel prices and their direct impact on what residents pay at the meter.

According to Pelican Energy TCI’s April 2026 fuel factor update, customers in Providenciales, North Caicos and Middle Caicos will benefit from a 2.5 percent decrease, bringing the rate down to $0.1616 per kilowatt hour. The change offers slight relief for households and businesses already grappling with high living costs.

However, the picture is not uniform across the islands.

In Grand Turk and Salt Cay, fuel factor rates have edged up by 0.6 percent, now sitting at $0.1578 per kilowatt hour, while the rate for South Caicos is still pending. Last month, South Caicos recorded a decrease, with the rate falling to $0.1714 per kilowatt hour, one of the highest across the islands.

The fuel factor is a key component of electricity bills, rising and falling in line with international oil prices. As a result, even small shifts in the global energy market can ripple quickly into local utility costs.

The Government’s Department of Trade, Industry and Fair Competition (DTIFC), in its April 16 fuel price report, said it continues to monitor fuel pricing trends as part of its mandate to protect consumers and ensure transparency in the market. The report is designed to give residents a clearer understanding of how fuel costs are determined and how they may change over time.

Regionally and globally, fuel prices remain volatile.

Oil markets have been influenced in recent months by geopolitical tensions in the Middle East, production decisions by major oil-producing nations, and fluctuating demand as economies adjust to post-pandemic realities. While some Caribbean countries have reported slight easing at the pumps, others continue to see elevated prices compared to pre-2020 levels.

For Turks and Caicos, where electricity generation relies heavily on imported fuel, the link is direct and unavoidable.

Consumers are therefore likely to continue experiencing incremental changes rather than dramatic swings, with monthly adjustments reflecting the unpredictable nature of the global energy market.

For now, the slight decrease in key population centres may offer temporary relief—but the broader trend suggests that energy costs will remain a closely watched issue for both households and policymakers.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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