Pictured: DPM Peter Turnquest gives the welcome address at Luciano’s of Chicago in Nassau April 29. (BIS Photos/Raymond A Bethel Sr)

Members of the Washington, DC Chamber of Commerce were hosted to a welcome networking reception at Luciano’s of Chicago on the first day of their trade mission to The Bahamas, which runs April 29-May 2, 2019.

Deputy Prime Minister and Minister of Finance Peter Turnquest gave a welcome address.

Charge d’Affaires of the US Embassy Stephanie Bowers and CEO of the Washington DC Chamber of Commerce, Vincent Orange were present.

The trade mission also made a courtesy call on Governor General Dame Marguerite Pindling on April 30, at Government House along with members of The Bahamas Chamber of Commerce and Employers’ Confederation.

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The Central Bank of The Bahamas has released its 2018 Annual Report, which contains a summary of the bank’s operations over the year, an analysis of regulatory developments affecting the financial sector and a review of monetary policy, as well as payment systems developments.

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Prime Minister Dr Hubert Minnis April 26, 2019 addressed the official opening and ribbon cutting ceremony for Poinciana House corporate centre on East Bay Street, which houses the Insurance Commission of The Bahamas, Securities Commission of The Bahamas, and Compliance Commission of The Bahamas, as well as other financial offices.

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Projected numbers for the five-day period April 18-22 estimate that more than 75,000 passengers moved through the three terminal buildings at Lynden Pindling International Airport (LPIA) in Nassau.

Some 27,000 passengers were processed through the US Departures pre-clearance facility and Bahamas Immigration and Bahamas Customs processed more than 30,000 arriving passengers over the Easter weekend.

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Deputy Prime Minister and Minister of Finance Peter Turnquest addressed the Money Laundering Reporting Officers’ Forum at the British Colonial Hilton April 24, 2019.

Here follows his remarks:

Good Morning. Thank you for the invitation to speak today. I’m very pleased to see the Financial Intelligence Unit (FIU) continue its efforts to strengthen our Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework by upgrading its digital infrastructure, strengthening its processes, and most importantly empowering its personnel and partners through training and stakeholder engagement.

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MONTREAL, April 2019 /PRNewswire/ — Equisoft, a global provider of digital business solutions for the insurance and wealth industries, proudly announced today the successful implementation of the Oracle Insurance Policy Administration (OIPA) system for Family Guardian Insurance Company, a leading insurer in The Bahamas.

The firm is also spearheading a number of other core and front-end system integrations to help the Caribbean insurer become more competitive in the Bahamian market.

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StarPort Resorts has released more details about the planned Port St George marina and waterfront destination on Long Island, which it announced towards the end of last year.

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Royal Fidelity Merchant Bank & Trust has announced that it served as Co-Placement Agent with CIBC World Markets Corp, New York to the Nassau Airport Development Co (NAD) in its recently completed Placement of $134,750,000 in participating debt notes.

Royal Fidelity also acted as sole Escrow Agent for the deal. NAD is the government selected company that manages the development and operation of the Lynden Pindling International Airport.

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The Bahamas Maritime Authority (BMA) has announced the appointment of Captain Dwain Hutchinson as its new managing director and chief executive officer.

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Minister of Foreign Affairs Darren Henfield led a delegation from The Bahamas to Miami, Florida, for a one-day Ministerial Meeting that resulted in the launch of the US-Caribbean Resilience Partnership April 12, 2019.

The Meeting, which took place at the US Southern Command headquarters in Miami, was hosted by US Deputy Secretary of State John Sullivan, who led an interagency team of US senior officials and experts.

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