Flowers: International opinions on local gaming sector ‘ill-informed’
October 28, 2017
CEO of FML Group of Companies Craig Flowers said comments from international institutions about The Bahamas’ gaming industry are “certainly not factual”, adding that they are “ill-informed”. A recently released International Monetary Fund (IMF) working paper that included a case study on The Bahamas stated: “Anecdotal evidence suggests that international correspondent banks are uncomfortable providing services to domestic banks that do business with either money transmission businesses (MTBs) or online gaming operators (so called web shops), which are perceived as a higher anti-money laundering/counter terror financing risk.
The country’s slipping credibility
March 19, 2016
Numerous headlines over the past three years, including those of late, have made it obvious that those who have been elected to ‘serve’ the Bahamian people are only interested in serving themselves and their benefactors.[…] Click here to view original page – The country’s slipping credibility