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Warning Puts Spotlight on Governor’s Constitutional Responsibility for Financial Services  

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By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands (July 4, 2026) — The Turks and Caicos Islands Constitution assigns responsibility for the regulation of international financial services to the Governor, making Governor Dileeni Daniel-Selvaratnam’s remarks at the Financial Services Commission’s Annual Industry Meeting on June 30, 2026 more than a ceremonial keynote—they were an assessment from the constitutional office responsible for safeguarding one of the country’s most important economic sectors.

Addressing industry leaders, the Governor said the jurisdiction must strengthen regulatory effectiveness, improve supervision and responsiveness, remain agile in the face of emerging risks, and protect its international reputation as financial services continue to evolve.

Those remarks naturally raise an important question: if these are the priorities confronting the sector, what measurable progress has been made under the constitutional authority charged with its oversight?

The Governor’s address outlined a series of challenges, including cybersecurity, artificial intelligence, virtual assets, anti-money laundering compliance and increasing international scrutiny. However, the speech did not identify specific local regulatory findings, performance measures or actions taken to demonstrate how those concerns are being addressed or what has been accomplished since previous industry meetings.

The most recent publicly available Financial Services Commission Annual Report, covering the 2021/2022 financial year, painted a considerably different picture. It described a financially sound regulator that exceeded its revenue target by 43 percent, generated more than US$14 million in revenue, and transferred US$8.5 million to the Turks and Caicos Islands Government. The report also highlighted a resilient banking sector, profitable insurance operations and continued growth in registry activity.

Under Section 37 of the Turks and Caicos Islands Constitution, responsibility for the regulation of international financial services rests with the Governor, acting in her discretion. That constitutional mandate gives added significance to her assessment of the sector and, equally, invites public interest in understanding what measurable actions, reforms and outcomes have been achieved to maintain the credibility and competitiveness of one of the country’s most significant industries.

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COURT DENIES BAIL; MISICK, HANCHELL AND CHAL MISICK TO REMAIN BEHIND BARS DURING APPEAL

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Turks and Caicos, July 6, 2026 – Former Turks and Caicos Premier Michael Misick will remain in prison as he appeals his conviction in the Special Investigation and Prosecution Team (SIPT) corruption case after the Court of Appeal refused his application for bail pending appeal.

The Court also denied bail to former Cabinet Minister McAllister Hanchell and attorney Thomas “Chal” Misick, meaning all three men will continue serving their custodial sentences at His Majesty’s Prison while the appeals process moves forward.

The ruling is a significant development in one of the territory’s most consequential criminal prosecutions. It means the convictions remain in effect, and the men will stay incarcerated unless the Court of Appeal later overturns their convictions or otherwise orders their release.

The Court found the applicants had not established the exceptional circumstances required for bail pending appeal. It also determined there was insufficient basis to conclude that the appeals were likely to succeed or that the men would complete most or all of their prison terms before their appeals are heard.

Michael Misick was sentenced in May to four years and 26 days after being convicted on three bribery counts. Hanchell received a three-year sentence for bribery, while Thomas “Chal” Misick was sentenced to four years following his conviction for money laundering.

The convictions followed years of investigations and court proceedings arising from the SIPT inquiry into allegations of corruption involving former public officials and government transactions.

While the appeals remain before the courts, Monday’s decision confirms that the three appellants will continue serving their prison sentences. Their legal challenge now shifts to the substantive appeal, where the Court of Appeal will determine whether the convictions or sentences should be upheld, varied or overturned.

 

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Returning Haitians Could Be the Answer Haiti Has Been Praying For  

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Deandrea Hamilton | Editor

What if we rejected the notion that Haitians flourish best only when they are outside of Haiti? What if the next great Haitian success story is not another exodus, but a hearty homecoming? For years, the conversation has been steered toward ushering Haitians out of Haiti. Having witnessed the indomitability of the Haitian people, I feel compelled to point out that a U.S. Supreme Court decision may force us to see what has been staring us in the face all along: the solution may be hundreds of thousands of Haitians themselves.

As thousands of Haitians in the United States prepare for the end of Temporary Protected Status (TPS)—a humanitarian programme created under U.S. law as a temporary protection, not a permanent immigration pathway—the conversation should extend beyond American immigration policy. It should turn to Haiti’s future.

History offers perspective. An estimated 20,000 to 30,000 Haitian revolutionaries defeated Napoleon’s forces and secured independence in 1804, making Haiti the first Black republic and the second independent nation in the Western Hemisphere. Now imagine the force of more than 300,000 Haitians returning with skills, discipline and experience gained in the world’s largest economy.

Add to that, Haiti is itself sending a clear message: the country needs its people.

I found a report from the Armed Forces of Haiti (FAd’H) which recently announced that 17,722 applicants came forward in just 11 days during its latest recruitment campaign. A second recruitment phase is planned and will specifically target professionals in law, engineering, medicine and other technical fields, as the country works to strengthen institutions, restore security and prepare for the future.

Coincidentally—or perhaps providentially—many of the Haitians now facing the end of TPS are not returning empty-handed. They include thousands of nursing assistants, caregivers, mechanics, delivery drivers, warehouse workers, agricultural workers, hotel employees, cooks, retail workers, security officers, landscapers, school assistants and property managers. They are returning with years of experience gained inside the world’s largest economy. They have learned trades, embraced innovation, worked within structured systems, met professional standards and developed the practical skills every successful nation depends upon.

These are not simply returning migrants.  They may be the human capital Haiti needs most.

For generations, Haitians have become experts at surviving and thriving in other lands. They have endured political upheaval, natural disasters, poverty, insecurity and displacement with extraordinary resilience. But survival and escape  cannot build their nation. At some point, survival must give way to rebuilding. And hope for home must command action. It requires people willing to invest not only in their families, but in the future of the country itself.

For decades, the Haitian diaspora has faithfully sustained families through remittances. That generosity has been indispensable. But rebuilding Haiti will require something remittances alone cannot provide. It will require human capital—teachers in classrooms, nurses in clinics, engineers on construction sites, entrepreneurs creating jobs, police protecting communities, judges strengthening the rule of law, and citizens committed to rebuilding the institutions that hold a nation together.

Anyone who has spent time in Haiti knows it is far more than the headlines. It is a nation of breathtaking mountains, secret waterfalls, fertile valleys and rice paddies. It is a land of remarkable creativity, deep faith, natural entrepreneurs, rich culture and resilient people. It is the oldest republic in Latin America and the Caribbean and the first Black republic in the modern world. Above all, it is a country worth fighting for.

Perhaps the fight itself now needs to change.

For too long, the world has defined Haiti by its crises. Haitians know it by its promise. The next fight should not simply be to survive, but to rebuild—to inject a new generation of skilled workers, professionals and entrepreneurs into a nation that desperately needs their mental muscle, their experience and their vision.

Returning home will not be easy, but what if returning became rewarding and the contribution of these thousands of Haitians became the catalyst for transforming or reforming the nation they call home?

No country can export its builders forever and expect to become stronger. Haiti has spent decades sharing its greatest resource with the world—its people. Perhaps the next chapter in Haiti’s remarkable story is not another exodus, but this very homecoming.

The next chapter of Haiti’s story should not be written at an airport departure gate, nor should it be framed only as horror for those whose TPS protections are ending. The real test now is whether advocates, attorneys, governments and the wider Caribbean do more than wave goodbye. We must help more than 330,000 Haitians find their footing, settle back in, put their skills to work and build the Haiti that generations of Haitians have always deserved.

Research & Development supported by ChatGPT AI

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Saudi Arabia, UAE Among Global Partners Joining CARICOM Summit in Saint Lucia

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Deandrea Hamilton | Editor

 

GROS ISLET, Saint Lucia — The 51st Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) officially opened on Sunday, July 5, with Caribbean leaders joined by influential international partners including Saudi Arabia, the United Arab Emirates, Afreximbank and the Commonwealth Secretariat.

Hosted by Saint Lucia’s Prime Minister Philip J. Pierre, who assumed the rotating CARICOM Chairmanship on July 1, the Opening Ceremony at Sandals Grande St. Lucian brought together Heads of Government from The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Antigua and Barbuda, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname and host Saint Lucia.

Associate Members also participated in the opening, including the Turks and Caicos Islands, British Virgin Islands, Bermuda, the Cayman Islands and Martinique, which is attending as CARICOM’s newest Associate Member. Anguilla was represented by Premier Cora Richardson-Hodge, the territory’s first woman premier, underscoring the growing role of women in Caribbean leadership.

Among the distinguished international guests were His Excellency Adel al-Jubeir, Saudi Arabia’s Minister of State for Foreign Affairs; Her Excellency Noura bint Mohammed Al Kaabi, UAE Minister of State for Foreign Affairs; Dr. George Elombi, President and Chairman of Afreximbank; and Shirley Botchwey, Secretary-General of the Commonwealth.

Their participation reflects increasing international interest in the Caribbean as governments pursue partnerships in climate finance, trade, food security, investment, regional security and sustainable development.

The Opening Ceremony featured remarks from Prime Minister Pierre, outgoing CARICOM Chairman Terrance Drew and CARICOM Secretary-General Carla Barnett. Business sessions continue through July 8, with leaders expected to deliberate on climate resilience, the CARICOM Single Market and Economy, reparations, regional security, food and nutrition security, Community enlargement and foreign relations.

As deliberations begin, the presence of global powers alongside a full complement of Caribbean leadership reinforces CARICOM’s expanding influence—not only as the region’s principal integration movement, but increasingly as a respected voice on the international stage.

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