Frightening!

Those who run the central banks around the world are trying to inventory and monitor every dollar on the planet to the point that they want to know how much money you have in your pocket and how much you left home on your dresser. They claim they are doing it to stop money laundering and the funding of terrorism. Obviously the web shops have thrown a wrench in this project and so the move is on to push towards a cashless economy. World wide.

I don't agree with Web Shops. The government has made "legitimate" businessmen out of criminals. That said, this move is protectionist and exclusionary. They have effectively placed a very deep and wide moat around this industry. This will inevitably benefit the existing players tremendously, who will continue to be enriched. The Web Shop "businessmen" could not ask for a better scenario. No new competition will be allowed into the market for at least 10 years. Wow. Where do they get these ideas from? Who is advising them? Perhaps these Web Shop "businessmen" themselves are advising. We have got to elect politicians that are competent and not corrupt.

I agree 100%!

There is a huge elephant in the room and no one seems to be addressing it. No matter how you dress it up, web shop money in the eyes of major international banks is illegitimate. BoB can happily absorb all this ill gotten money but the big banks won't touch it and so all Flowers et al are doing is moving their cash from one private vault to another.

They already have the answer. Buy or build large expensive homes and sell them legitimately. Open development companies and invest in real estate, office buildings, condos, malls, etc. and collect rent and sell condos. Where there is a will... These people are going to become the first set of Bahamian billionaires. Former numbers people. What a joke

We have so many plagues wrecking havoc with us. Toxic dump smoke, Bunker C oil water pollution at Clifton, crime, webshops and corruption.

Well, Bradley Roberts just said he needed four million dollars for the PLP election campaign. Approved.

It would certainly be interesting to learn what the opposition parties have to say about these so-called web shops. Why has no one called for a LEGITIMATE government-run lottery with drawings limited to once or twice a week? ALL profit should go to back to the people in the form of education, health, infrastructure, etc. and the operation and its financials would have to be transparent. Of course, it would not work with a crooked government.

Lest we forget!

I'm trying to teach my kids to study, get good jobs and become a success. All the while, our society is teaching them to first become successful **criminals** and THEN you can become a legitimate successful businessman.

Sebas, a true Bahamian success story, from criminal to businessman!!

@mudda_sic: You are probably right in saying that Perry Christie as minister of finance and John Rolle as governor of our central bank plan to give banking licenses to both Sebas Bastian and Craig Flowers. This will likely be the quid pro quo for these two numbers' bosses bank rolling a large portion of the PLP party's general election campaign costs. It also explains why both Bastian and Flowers have recently bought and commenced construction on large parcels of ideally located land in high traffic areas which would allow for plenty of parking. Bastian and Flowers seem confident Christie will win the next general election or that whomever does win will not interfere with them obtaining licenses to conduct banking business. Knowing Christie as we all do, he might even try sell the shareholdings in Bank of The Bahamas held by the government and the national insurance fund to Bastian and Flowers for mere pennies on the dollar after the next large injection of capital at either the taxpayers' or national insurance fund contributors' expense.

http://tribune242.com/users/photos/2017…

If Flowers is running the Bank, my money is under the mattress!

Where is the VAT money? PLP got time for doing everything but telling the truth!

This is perhaps the saddest story of all times.
Who cannot see where our country is headed?
An unmitigated tragedy.

Who cannot see where our country is headed?

People like Birdiestrachan and all the other pathetic and deluded PLP apologists.

What a joke of a country we have. Instead of opting for a lottery to directly fund sports, schools or our recurrent deficits we decide to enrich and then protect 8 individuals. Individuals that admittedly broke our laws are now legitimized and benefit from a ten year moratorium. UNFlicking believable. Then we turn around and the Government signs long term leases on their buildings, we turn a blind eye to the private mortgages in the west and now talking about banking licenses??? Y'all better pray that Moody's doesn't figure this mess out - correspondent banking is only the beginning ...#ishame