What gives the Government the right to touch that money--Didn't the Germans do that in WW2?

Opposition leader did give a well analysed rebuttal using other examples in countries we follow like UK...many accounts fall dormant ...people wid Alzamheimers commonly forgets...in trust for accounts gets forgotton....people die...bad info by persons...beneficiaries...needs lawyers...Banks lessening staff from decades now....dont even answer phone...TRY CALLIN....they should find their customers who made dem who dey is today...plenty accounts likely dormant even other accountsnext branch...SIMPLY BANKS SAYING DEY UNABLES TO FIND WHERE 42,000 CUSTOMERS IS IN BAHAMAS......an dey hardly even has noone answering da bank phpne is not good enuff....!!!

Dimwitted Minnis and the incompetent central bank governor he appointed (John Rolle) are not even proposing to establish a web site that lists all of the dormant account owners so that Bahamian families who may be entitled to bank balances left by their deceased loved ones can rightfully claim what belongs to them. Instead, Minnis and Rolle would rather have the government steal these dormant bank balances. What a joke! LMAO

The other joke is that if purloined, the funds would never hang around to see the first tropical disturbance of the next season.

Bahamas has done seen the cathostrophic......economic....social.....disastrous ......effects of Hurricane damages.......in Grand Bahama.......but did seems..nuttin up to da Minnis efforts.......
Banks been predatory lending ...prior to Hurricanes.....lending up...to 90--95%.....almost..WHOLE PRICE.....Value of da house....an lot....purchase....or Appraised value whichin is lower....LOAN OFFICERS HAV TARGETS TO MEET SO DEY CANS GETS A SALARY INCREASE...2 people loan officer ..an uneducated customer sit in one lil cubicle only the uneducated customer is wrong......never in the HISTORY OF BANK LENDING in da Bahamas no Bank has been everr guilty of NEGLIGLIGENCE....LOL...some Banks offer cash bonuses to loan officers for how much loams they sell.....CRITERIA... is Banks use a...MORTGAGE INDEMNITY INSURANCE ....to facilitate lending almost the Value.....THEN comes a Hurricane in the GUESS WHAT we in a hurricane zone......destroys....LOAN CUSTOMERS OUTTA WORK...BUSINESSES CLOSE....PEOPLE UNEMPLOYED...CANT REPAY LOAN...WHICHIN ....HOUSE AN LOT VALUED LESS THAN LOAN....both bank and noninsired non bank....Banks always holding buildings homes structures ...as Collateral for budiness loans....valued now less....They decreases..BUSINESS.loan...OVERDRAFTS....accordingly....businesses crippled.....less inventory...no painting store...workers further let go......simply dangerous lending practices...affecting..GDP....GUBBERMINT...ERRYONE.......!!!!...time to looks at factors tings whichin can be changes now...in good times...before hurricanes..... towards ...lessening da disaster impact....and speed of recovery.....

Nobody saves money in the hope that the government will have access to it one day AND the government has a poor track record using funds for the purpose they state they will!

Why not have a chain of inheritance from nearest living relative that progresses to the gov't if no one comes forward to claim it after say 15 years, not seven.?

Ma comrades, the old ways Bay Street Boys are made look likes good Methodist Sunday school Boys - compared 10 May 2017 Imperial reds.
But weeks back I posted to these hereto Tribune blog pages, how there was a Imperial red cabinet plot underway force banks turn over private and business banking information in preparations introduce 'income tax' in 2019.........And, they would soon begin stealing customers 'dormant bank account funds' left unclaimed that will simply disappear after being tossed into never disclosed millions and millions wasteful waste buckets. { Some stuff is not just made up }.

Good idea. Then merely change dormant rules later to two years.
Government budget problems solved. Lol

Tal---This time I have to agree---I think income tax is coming---Then you will see an exodus!

It's just a matter of time ....... Jamaicans (and most of the First World) have seven mandatory taxes that they have to pay ......... while we complain about a "little VAT" ............ smt

Ma red shirts appointed comrades running Bahamaland Resolve is 'supposed' to be paying interest payments due to Bank of Bahamaland (BOB) on twice bailed-out 'toxic' loans from BOB balance sheet in exchange for two injections of promissory notes or government bonds, valued collectively at $267 million. Didn't Bahamaland Resolve not foreclose on prominent red shirts properties... did they sell it and to whom and for what amount monies... did they offer purchaser attractive interest and payment terms?

I suggest seizing money's that lay dormant for 2 weeks next. Now the government is robbing the banks. Nice.

Sounds like stealing to me. Pure and simple. These people so brazen they tief in broad daylight! In Germany they are saying Merkel Muss Weg. If Minnis was their Chancellor they would say Minnis Muss Weg!

Ma comrade DDK, sounds like?
If your neighbour obtained case with 12 tins Sardines and you accepted any tins Sardines and if you had any suspent believe they were obtained by illegal means - AG Carl Wilshire can charge your backside with accepting questionable property..... But the government accepted back payments penalties in the millions dollars from several of of Numbers men's - even though they had to have had a high suspect that the millions dollars used pay penalties - came from proceeds criminal Numbers operations. ( Some red things you just can't makeup that the levy back penalties in the millions of dollars were for exactly for having operated illegal gambling operations }.Sounds so Trumplike when as long as Prince gives US lots monies - he can do as he damn well pleases.

Many other First World countries do the same thing ......... are they asses???

The short answer is ...yes!

Note that much of the $$ is in US dormant accounts,
with estates and inheritors unaware of its existence.
However, the proper mechanisms aught to also be put in place to give a structured process to claims.
Discovery is an important part of law is it not?

Pity the individual who likes most us have tucked away some cash just in the case a rainy day..... But when they shows up in front bank's teller to withdraw their money - the comrade discovers, not only did the bank turns over all cash to Minnis and KP but they spent every dollar it and kept no accounting what for? { Can't just make such disturbing nonsense up }.

They bought a hotel for 65 million to save 400 jobs. Now they want 41 million to start a disaster relief fund for the entire country. You can't make this up. Then they found out more than half the people they were saving wanted severance pay. This one will blow up in their faces too. They'll just show up on some island handing out random cheques to attempt to **disastr**ously buy the next election. That money is as good as gone. Remember the Isacs man and his 16 million disaster cleanup contract

The FNM Ingraham ( PAPA DOC) robbed the Real Bahamians of their National Insurance Small Pension Benefits in 2010 and NOW the FNM Minnis ( DARK HITLER) will take the Savings of the Real Bahamians. These funds belong to the Bank clients or they are deceased, their families. It is the Bank responsibility to search the whereabouts of the clients or their immediate family and disburse the funds to them. To open an account with any bank in the Bahamas, one must disclose how many times they have a bowel movement each day, they can obtain a beneficiary for the account. If the proceeds of any Bank account contain Funds from the commission of a crime then those funds become the property of the state only. This is economic desperation.

Why not try find the relatives if the owners have passed. This is stealing!

THe BANKS CONTINUE TO GOOSIE DA GUBBERMINT....!!!.,DA BANKS CANT LOCATE.......42,000......BANK ACCOUNT HOLDERS....WHEN TO OPENS DA BANK ACCOUNT IN THE FIRST PLACE.......THE ANTI MONEY LAUMDERI G LAWS REQUIRE BANK ACCOUNT APPLICANT..RULES......PROVIDES......BANK
WID..... .WID BAHAMIAN ADDRESSES...ST..LOT...SUBDIVISION...HOUSE NUMBER.....P.O. BOX MAILING ADDRESS......2 PIECES OF PHOTO ID TO OPEN BANK ACCOUNT.....PASSPORT....NIB CARD...PHOTOCOPIES...EVIDENCE MONEY TO DEPOSIT CAMES FROM LIGITIMATE SOURC...DAS JOB..LETTER.WID EMPLOYER..DEY LOCATION...PHONE..NUMBER...POBOX NUMBER..........EVIDENCE BY WAY OF UTILITY BILL..PHOTO.COPIED...TO PROVE THE PERSON HAS A BAHAMIAN STREET ADDRESS TO...... COUNTER KYC COMPLY CENTRAL BANK LAWS..DOCUMENTS PHOTOCOPIED....EVIDENCE KEPT....,!!,..............ABSOLUTE CRAP....BANKS CANNOT LOCATE....42,000 DERE CUSTOMERS......,!!!....unless it appears..banks do not have info to track down 42,000 customers an passing it on to gubbermint to now be responsible.......

I wouldn't really care if the government didn't have these obscene deficits year on year. The Christie administration and now the Minnis administration both massively increased government revenues and still fail to curb spending. We have baboons and monkeys making our financial decisions. These people make bad deals and are destroying this already backwards country. SAD!

Baboons and monkeys are known to be quite intelligent. You do them an injustice.

The vat charge on bank accounts don’t suck it off quick enough for them!

Banks cannot LOCATE....OVER 42,000 BANKING ACCOUNT HOLDERS......FOR YEARS..AN YEARS....AN BANK ACCOUNT DECLARED ...DORMANT....mind you certain measures to obtain identification docunents....to comply with Anti Money..laundering...Proceeds of crime....Money account Compliamces.......QUESTION.....IF BANK HAS 42,000 ACCOUNT HOLDERS THEY CANNOT ....LOCATE.....HOW WILL THEY BE ABLE TO LOCATE ANY MONEY LAUNDERER...OR CRIMINA....IF THEY CANNOT DONE LOCATE 42,000.....REGULAR CUSTOMERS WHO ACCOUNT NOW DORMANT.....???L