Preferred bidder on Nassau’s cruise port delayed

NASSAU, BAHAMAS – The government will delay its evaluation period and ultimate decision on which entity will develop and operate the Port of Nassau until the first quarter of 2019 to allow stakeholders and public servants involved in the process an opportunity to recognize the upcoming holidays, Eyewitness News Online can confirm. Bids were submitted […]

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Majority compliance in FATF re-rating

AG: Major step forward for financial services sector NASSAU, BAHAMAS – The Financial Action Task Force (FATF) yesterday re-evaluated The Bahamas’ compliance with its anti-money laundering and counter-terrorist financing requirements and found the country compliant with the majority of its recommendations. The re-evaluation and increased compliance ratings are expected to stave off any sanctions from […]

Bowe: Despite IMF report, Bahamas still walks a “fine line”

NASSAU, BAHAMAS – Despite a recent review by the International Monetary Fund (IMF), which commended the government for several key policy initiatives, Gowon Bowe, the Chief Financial Officer at Fidelity Bank said the country still walks a fine line towards a promising economic state. “While it was a relatively upbeat synopsis of the visit, it […]