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.
Tourism In Fear Over Crime Risk
August 13, 2017
TOURISM Minister Dionisio D’Aguilar said because crime is “such an enormous problem” in New Providence, his ministry is “deathly” afraid every day that a tragic event will happen and the United States will issue another travel advisory. Addressing tourism stakeholders recently at the Hilton, Mr D’Aguilar said visitor safety is a critical concern and the Ministry of Tourism will work with hotels and the Royal Bahamas Police Force to improve “interaction and provide a safer environment.” “Safety is a major concern of the tourism sector and we are deathly scared every day of some tragic event happening and the United States putting out a travel advisory,” Mr D’Aguilar said.