KRyS Global, an international fraud investigation and dispute resolution firm with offices in Nassau, has announced the opening of its London arm this week, the eighth office in the firm. The office will facilitate and assist current and potential clients in the UK and Europe, and in particular those who have needs in the offshore world, in the areas of fraud investigation, asset recovery, dispute resolution, corporate restructuring and insolvency.

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Here follows a statement from the Ministry of Foreign Affairs in response to the recent terrorist attacks in Paris:

The government of The Bahamas stands with the international community in expessing its deep regrets over the loss of life from the horrific shootings in Paris.

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The Bahamas Financial Services Board (BFSB) has announced that Betty Roberts has been selected as the Recipient for the 2015 Lifetime Achievement Award for outstanding, sustained contribution to the industry.

BFSB CEO Aliya Allen says: “This role model for women in the industry has always demonstrated her commitment to the sustainability of the financial services sector, no matter what hat she has been wearing at any given time. She has been an Ambassador of the industry and has taken time to give back to the sector and to the business community at large, while retaining a self-effacing persona that belies the giant of a woman that she is.”

In 2001 when BFSB introduced its FSI Excellence Awards programme, Roberts was the very first Executive of the Year, with peers and BFSB singling her out in recognition of her outstanding contributions to the financial services industry.

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Prime Minister Perry Christie opened The Bahamas’ third annual Data Protection Symposium this morning, calling for a “coordinated approach to complex issues” and praising his government for its work in developing the country’s information protection framework.

Addressing the conference at the Melia resort in Nassau, the Prime Minister spoke of the need to balance data protection with the right to information.

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PARADISE ISLAND, Bahamas, November 2015 /PRNewswire/ — An exquisite Georgian estate once known to Hollywood’s elite as a lavish party hub, set on two of the most lush and private acres at the coveted western end of Nassau’s Paradise Island in The Bahamas, will sell at auction next month through leading luxury firm Concierge Auctions. An infamous property that once entertained the likes of The Rat Pack and The Beatles in the 1960s, Kilkee House – two sprawling acres with both beach and bay frontage – is one of four luxury estates that will sell at Concierge’s winter portfolio sale on December 3rd at Trump SoHo in New York City. Previously offered for $18.925 million, the property will sell at or above $10 million in cooperation with Lamond and Robyn Davis of Sterling Bahamas Realty.

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The Bahamas Financial Services Board has released the names of the industry practitioners to be recognised at its upcoming awards gala dinner on November 20. At that time, the 2015 recipients in each category will be announced.

The awards programme was introduced in 2001, as part of an overarching Financial Centre Focus outreach, an integral part of which is the profiling of the depth and breadth of talent within the financial service sector. The nominees for the 2015 Awards are:

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Preliminary indications are that the domestic economy sustained its mild growth path during the month of September, based on modest gains in tourism output, and on-going foreign investment-led projects which supported construction activity. Amid the downward trajectory in global oil prices, domestic fuel costs continued to moderate over the review period. Monetary sector developments were dominated by the seasonal firming in foreign currency demand, which contributed to declines in both bank liquidity and external reserves.

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The board of directors of the Bahamas Financial Services Board (BFSB) has named attorney-at-law and chartered banker Tanya McCartney as CEO and executive director, effective December 1, 2015.

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Monday, November 9, 2015 (Tribune)–According to sources close to the negotiations, The Tribune has learned that a deal in principle has been struck for Baha Mar between Island Capital Group LLC, a private real estate merchant bank led by Andrew Farkas and partnered by hotel magnate Sol Kerzner, the Export-Import Bank of China and China State Construction Engineering Corporation Ltd.

This will ultimately lead to the two billionaire investors being exclusively responsible for the restructuring, financing, completion, opening and operating of the beleaguered $3.5 billion resort on Cable Beach. It would bring to an abrupt end any further actions by Supreme Court appointed receivers.

The Tribune has learned that representatives from Island Capital Group have been in Beijing working out the details of the agreement, which is understood to be awaiting the rubber stamp. The Tribune also understands that the final aim is to analyse the debts, contracts and other financing needs with a view to concluding what is definitively required to be undertaken to make the resort ready for its long-delayed grand opening over the next six to nine months.

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November 7, 2015 (Business Recorder)–High Commissioner Jalil Abbas Jilani presented his credentials to Her Excellency Marguerite Pindling, Governor General of the Commonwealth of the Bahamas as non-resident High Commissioner of the Islamic Republic of Pakistan in an elegant ceremony held at the Government House at Mount Fitzwilliam on Thursday.

High Commissioner Jalil Abbas Jilani, while presenting his credentials to the Governor General, conveyed the greetings and good wishes of the President and the Prime Minister of Pakistan and expressed the desire of the Government of Pakistan to strengthen the cordial ties existing between Pakistan and Bahamas. Jilani emphasised that the co-operation between Pakistan and Bahamas in various multilateral forums including the United Nations and the Commonwealth of Nations have contributed to promoting shared interests of the developing countries in areas of economic development, climate change, peace keeping, trade, tourism and human rights.

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