Topic: banking

4 years ago

Banks Concerned Over Web Shop’s Dirty Money

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Banks Concerned Over Web Shop’s Dirty Money

“Dire consequences” for the financial sector and the Bahamian economy could result from a perception among international agencies monitoring issues of money-laundering and terrorist financing that The Bahamas is being “lax” in its handling of web shops.

4 years ago

BOB Headed Towards Bankruptcy?

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BOB Headed Towards Bankruptcy?

Just a few weeks ago, Paul McWeeney, Managing Director at Bank of The Bahamas, threatened to sue the PUNCH newspaper for reporting that the bank was in serious financial trouble. Turns out the paper was right.

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