Actually, if the interest is compounded, the amount is slightly in excess of $829,000. The Tribune has done just a simple interest calculation, but if the interest is yearly, it should be compounded on the amount owing + interest owing.
As a player in this industry, I take issue with the BFSB itself. They have done literally nothing to take leadership of the industry, but rather collected fees and did the "Look busy, Jesus is coming" routine without doing anything constructive.
While other jurisdictions like the Cayman Islands have been formulating Beneficial Ownership regulations and advanced, but not onerous AML/KYC (using AI and Blockchain), there has been virtually no leadership or policies coming out of the BFSB. They live in their own little bubble while the immediate world around them slipslides away into oblivion.
They are supposed to provide leadership, representation, stewardship, innovation and advocate for the 2nd pillar of the economy. All they do is go to conferences and put out glossy brochures and have onanistic meetings that amount to nothing. The trip to Dubai was a jolly that was laughable. It's like a lemonade stand going to conference for the likes of WalMart, Lowes and Amazon. Tanya McCartney is the wrong person for this job. It's more like a sinecure. We need someone with real knowledge of the industry, and someone with the will to innovate. The key leadership role is missing.
The government should hire a software engineer / technical architect to examine the code to see if it can even do what it is supposed to do. Then they should chase the contractor to fix the platform.
banker says...
LOL
On ‘Miller went downhill after being dismissed’
Posted 18 December 2019, 12:30 p.m. Suggest removal
banker says...
RBC Caribbean has been quietly on the block for years.
On Bahamas ‘too profitable’ for an RBC exit
Posted 17 December 2019, 11:51 a.m. Suggest removal
banker says...
The system is garbage. Go to the main page and right-click to view page source. It is a template downloaded from the internet about printing.
On Customs won't accept 'garbage information'
Posted 16 December 2019, 1:05 p.m. Suggest removal
banker says...
you are a demented, sick, twisted inhumane man for making a comment like that.
On ‘God has my back’: Hours later, mother of six shot dead and dumped in bushes
Posted 16 December 2019, 1:03 p.m. Suggest removal
banker says...
LOL - guided by the Holy Spirit! I think that a chickcharney would make a better spiritual guide.
On Minnis secures confidence vote as ‘martyr’ Miller quits: ‘FNM will not repent. I shall not recant.’
Posted 12 December 2019, 11:08 a.m. Suggest removal
banker says...
Actually, if the interest is compounded, the amount is slightly in excess of $829,000. The Tribune has done just a simple interest calculation, but if the interest is yearly, it should be compounded on the amount owing + interest owing.
On Leading doctor faces $300k Fidelity payout
Posted 5 December 2019, 4:42 p.m. Suggest removal
banker says...
As a player in this industry, I take issue with the BFSB itself. They have done literally nothing to take leadership of the industry, but rather collected fees and did the "Look busy, Jesus is coming" routine without doing anything constructive.
While other jurisdictions like the Cayman Islands have been formulating Beneficial Ownership regulations and advanced, but not onerous AML/KYC (using AI and Blockchain), there has been virtually no leadership or policies coming out of the BFSB. They live in their own little bubble while the immediate world around them slipslides away into oblivion.
They are supposed to provide leadership, representation, stewardship, innovation and advocate for the 2nd pillar of the economy. All they do is go to conferences and put out glossy brochures and have onanistic meetings that amount to nothing. The trip to Dubai was a jolly that was laughable. It's like a lemonade stand going to conference for the likes of WalMart, Lowes and Amazon. Tanya McCartney is the wrong person for this job. It's more like a sinecure. We need someone with real knowledge of the industry, and someone with the will to innovate. The key leadership role is missing.
On 'How much more can financial services take?'
Posted 5 December 2019, 4:26 p.m. Suggest removal
banker says...
Actually, Macron is a hell of a lot better than Sarkozy.
On Turnquest fury over France’s ‘disgusting’ sudden blacklisting
Posted 5 December 2019, 4:15 p.m. Suggest removal
banker says...
They want us to do that, so there wealthy citizens will pay tax to them.
On France acts alone to put Bahamas on blacklist
Posted 5 December 2019, 11:27 a.m. Suggest removal
banker says...
The government should hire a software engineer / technical architect to examine the code to see if it can even do what it is supposed to do. Then they should chase the contractor to fix the platform.
On Solving Customs system woes 'a matter of weeks'
Posted 5 December 2019, 11:26 a.m. Suggest removal