The Securities Commission of The Bahamas (SCB) has unveiled its 2024 Annual Report, highlighting its initiation of foundational research into the tokenization of real-world assets. This move comes in response to growing interest from licensees and other stakeholders in the digital asset space. The SCB has commenced drafting three comprehensive papers that delve into the characteristics of asset tokenization, its prevalent applications, and the associated benefits, risks, and regulatory challenges. While these papers do not aim to establish policy recommendations, they will serve as preliminary research to guide future regulatory decisions. Tokenization, the process of converting physical assets into digital tokens on a blockchain, enables the digital representation of ownership or rights in assets such as real estate, commodities, art, and intellectual property. These tokens can be traded or sold digitally, offering new opportunities for asset management and investment. Additionally, the report disclosed that 25 firms were registered under the Digital Assets and Registered Exchanges Act (DARE) by the end of 2024. The DARE Act, enacted on 29 July 2024, replaced its 2020 predecessor, introducing significant updates to the regulatory framework for digital assets and exchanges. The SCB’s DARE Unit continued to engage in pre-applicant meetings to facilitate registrations under the Act. On the enforcement front, the Commission reported 18 ongoing matters from 2023, with two new litigation cases and one criminal case initiated in 2024. As of 31 December 2024, 20 enforcement matters remained unresolved, including 13 litigation cases, three administrative issues, and four criminal investigations. Administrative matters primarily involved non-compliance with filing obligations and record-keeping requirements under the Securities Industry Act and Regulations.
标签: Bahamas
巴哈马
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Central Bank warns of deepfake scams targeting financial consumers
NASSAU, BAHAMAS – The Central Bank of The Bahamas has issued a stern warning to the public about an alarming surge in scams leveraging deepfake technology. Fraudsters are exploiting advanced artificial intelligence to produce highly convincing counterfeit videos, audio recordings, and images that impersonate financial institutions, government officials, and prominent individuals. These deceptive tactics aim to manipulate consumers into divulging sensitive information or making unauthorized payments.
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Prisoner escapes Nassau Street Court
NASSAU, BAHAMAS — Authorities in Nassau are on high alert following the escape of a male prisoner from the Nassau Street Court Complex on October 2, 2025. The incident occurred at approximately 3:30 p.m. when D’Angelo Culmer, a detainee whose custody details remain undisclosed, fled from lawful custody. Culmer was last seen wearing a blue T-shirt and light blue jeans. He is described as having a light brown complexion, with distinctive tattoos including lips on his neck and the name ‘Tiffany’ on his right chest. The circumstances surrounding his escape are under rigorous investigation as law enforcement intensifies efforts to locate him. Police are urging the public to come forward with any information that could aid in his apprehension. Individuals with relevant details are encouraged to contact emergency services at 911 or 919, their nearest police station, or the Criminal Investigation Department at 502-9991. Anonymous tips can also be submitted via CRIME STOPPERS at 328-TIPS (8477).
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Lyford Cay Foundations Award 41 New Scholarships to Bahamian Students
NASSAU, BAHAMAS – The Lyford Cay Foundations have unveiled their latest initiative to empower Bahamian talent by awarding 41 scholarships to exceptional students. These scholars will embark on academic journeys at prestigious universities and colleges across the United States, Canada, England, and Europe. This announcement brings the total number of scholarships for 2025 to 94, reinforcing the Foundations’ commitment to higher education and national progress. The 2025 cohort showcases the diversity of Bahamian society, with 51% of recipients being women, 44% representing first-generation college students, and 32% originating from the Family Islands. Additionally, 27% of the awardees are products of the nation’s public school system. The scholars will pursue a wide array of disciplines, including actuarial science, aviation maintenance, mechanical engineering, documentary film, dispute resolution, environmental management, clinical social work, and culinary management. Their academic pursuits span diploma programs, associate degrees, bachelor’s, master’s, and doctoral studies. Dr. Nicola Virgill-Rolle, Executive Director of the Foundations, highlighted the significance of this initiative, stating, “The determination and achievements of these students underscore the immense talent within The Bahamas.” Basil P. Goulandris, Chairman of Lyford Cay Foundation Inc., emphasized the transformative impact of the scholarships, noting, “By investing over $1.2 million in their education, we are investing in the future of our country.” Mary Filippelli-Hall, Chairman of The Canadian Lyford Cay Foundation, praised the resilience and ambition of the scholars, adding, “These students reflect the incredible promise and potential across our islands.” Since the 1980s, the Lyford Cay Foundations have supported Bahamian students through partial scholarships for undergraduate, graduate, and vocational studies abroad, focusing on fields that drive national development. The program remains highly competitive, attracting hundreds of applicants annually. The 2025 scholars will join a growing alumni network of Bahamians making significant contributions to industries and communities both locally and globally.
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Police investigate armed robbery
In a startling early morning event on Wednesday, September 1st, 2025, Nassau, Bahamas, witnessed an armed robbery that has left the local community on edge. The incident occurred off East Street South, specifically on Cox Way, where a male victim was accosted by a masked individual wielding a firearm. According to initial reports, the confrontation took place shortly after 6:00 a.m. The assailant allegedly fired a shot before seizing the victim’s personal belongings and making a swift escape in an unknown direction. Fortunately, the victim emerged from the ordeal unharmed. The Nassau Police Department has launched a full-scale investigation into the matter and is urging the public to come forward with any information that could aid in apprehending the suspect. Authorities have provided multiple channels for reporting tips, including emergency numbers 911 and 919, local police stations, and the Criminal Investigation Department at 502-9991. Additionally, anonymous tips can be submitted through CRIME STOPPERS at 328-TIPS (8477). The police are hopeful that community cooperation will lead to a swift resolution of this case.
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Police investigate stabbing incident
Authorities in Nassau, Bahamas, are currently investigating a violent altercation that unfolded on Wednesday, October 1, 2025, resulting in a man being hospitalized with serious injuries. The incident began shortly after 1:00 p.m. on Seventh Terrace, near Mount Royal Avenue, when a collision occurred between two vehicles. According to initial reports, one of the drivers involved fled the scene but was pursued and intercepted by the other driver. A heated argument erupted between the two individuals, escalating into physical violence. During the confrontation, one of the men was stabbed with an unidentified object. The injured party was rushed to the hospital in a private vehicle and remains in critical condition. Police have launched a full-scale investigation to determine the circumstances surrounding the altercation and to identify those responsible.
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Royal Caribbean Unveils Colorful Ferry Fleet Ahead of Paradise Island Beach Club Launch
NASSAU, BAHAMAS — Royal Caribbean is set to make a splash with the introduction of a dynamic fleet of water ferries, designed to transport visitors to the eagerly awaited Royal Beach Club Paradise Island, slated for a December 2025 opening. The five bespoke ferries, managed by Bahamas Transport Logistics (BTL), a Bahamian-owned company, will serve as the initial touchpoint for cruise passengers heading to the new beach club. These vessels are engineered to blend efficiency with local culture, featuring lightweight aluminum hulls for seamless travel and vibrant, tropical-inspired designs. Philip Simon, President of Royal Caribbean Group Bahamas, emphasized the company’s commitment to delivering an exceptional, sustainable, and authentically Bahamian experience. The ferries, each named and colored after Bahamian wildlife — Flirty Flamingo (pink), Sassy Starfish (blue), Coral Calypso (orange), Twisted Turtle (green), and Lucky Lizard (turquoise) — are equipped with advanced navigation and propulsion systems, ensuring quick turnarounds while embodying the islands’ relaxed, fun-loving spirit. BTL’s involvement highlights Royal Caribbean’s dedication to centering Bahamians in the project, with the company overseeing daily operations and maintaining international safety and service standards. The ferry fleet is part of a broader initiative to infuse Bahamian culture into every facet of the Royal Beach Club Paradise Island experience, from food and entertainment to decor and staffing. This 2025 launch will mark Royal Caribbean’s first private beach club, combining the island’s natural allure with the cruise line’s renowned hospitality. As development progresses on Paradise Island, the ferry fleet’s debut is poised to herald a uniquely Bahamian welcome for the thousands of visitors anticipated upon the project’s official opening.
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Dr. Charlene Reid extends generosity to Jack Hayward Junior High for a second year
In a remarkable display of community spirit, Dr. Charlene Elizabeth Reid, a prominent Grand Bahama dentist and local entrepreneur, has once again extended her support to Jack Hayward Junior High School. Her latest initiative addresses a pressing need among students: access to hot meals and improved classroom conditions. Dr. Reid’s contributions, which began in 2024, have already made a significant impact on the school’s daily operations and student morale. During a special assembly on September 25, Dr. Reid not only donated essential supplies but also shared valuable oral health tips, urging students to strive for excellence. Her efforts have filled a critical gap, as the school is not part of the government’s breakfast program. Last year, Dr. Reid provided Cup of Noodles to ensure students could start their day with a hot meal. This year, she expanded her generosity by donating fans for classrooms and committing to fund the school’s first air conditioning unit. She also called on the local business community to join her in equipping more classrooms with necessary amenities. Principal Janice Pinder expressed profound gratitude, noting the tangible benefits of Dr. Reid’s contributions. Dr. Reid emphasized her desire to make her support an ongoing initiative, aiming to provide students with healthy breakfasts and lunches. Inspired by Whitney Houston’s famous words, Dr. Reid believes that nurturing children is key to building a brighter future. She also praised the school’s staff for their unwavering dedication and commitment to student success.
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Bahamas Keeps Tier 1 Ranking Amid Scrutiny Over Cuban Labour Contracts
NASSAU, BAHAMAS — The Bahamas has successfully retained its Tier 1 ranking in the U.S. State Department’s annual Trafficking in Persons Report, a testament to its ongoing efforts to combat human trafficking. However, the report highlights significant concerns regarding the country’s labour agreement with Cuba, which has raised alarms about potential forced labour practices. Under the deal, up to 92 percent of Cuban workers’ wages were reportedly withheld by the Cuban government, prompting immediate action from Bahamian authorities. In response, the government has begun terminating contractor-based agreements and will now directly hire Cuban health professionals. Additionally, the recruitment of new Cuban workers has been temporarily suspended following discussions with the United States. Beyond labour reforms, the Bahamas has intensified trafficking prosecutions, increased funding for victim support services, and introduced a new rapid screening tool to enhance victim identification. Despite these efforts, no traffickers were convicted for the second consecutive year, and a new national action plan to replace the one that expired in 2023 remains incomplete. While the report commends the Bahamas for its sustained commitment, it calls for stronger measures to address official complicity, expand victim housing, and ensure equitable labour practices for foreign workers.
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Visitor arrivals to The Bahamas climb 8.5 percent year-to-date
The Bahamas has witnessed an 8.5 percent increase in total visitor arrivals, reaching 7.4 million year-to-date, according to the Central Bank’s latest Monthly Economic and Financial Developments report. This growth was primarily fueled by a 10.5 percent surge in sea passengers, totaling 6.2 million, which compensated for a 1.3 percent drop in air arrivals to 1.1 million. However, July saw a 3.3 percent decline in overall arrivals to 1.1 million visitors, with sea passengers decreasing by 3.8 percent and air traffic slipping 0.9 percent. Regional disparities were evident, as Family Islands experienced a 9.7 percent contraction in arrivals, while Grand Bahama recorded a remarkable 26.1 percent rise, driven by significant increases in both air and sea traffic. Meanwhile, outbound departures from Nassau Airport fell 3.0 percent in August, with U.S. departures declining 5.1 percent and non-U.S. international departures rising 14.5 percent. Short-term vacation rentals also reflected broader tourism trends, with total room nights sold increasing 1.0 percent in August, despite a dip in occupancy rates. Average daily rates (ADR) continued to climb, with entire place listings up 11.8 percent and hotel-comparable listings rising 1.1 percent. Despite localized slowdowns, the tourism sector remains a cornerstone of the Bahamas’ economic growth, supported by robust sea passenger numbers and sustained rental revenue.
