AGP Executive Report
Last update: 2 hours agoBeneficial Ownership Push: Barbados moved to tighten beneficial ownership disclosure rules, with the Beneficial Ownership Transparency and Register Bill 2026 aimed at forcing companies to reveal their ultimate human owners and strengthening the island’s anti-money-laundering posture ahead of the next CFATF evaluation. Financial Crime Watch: Attorney General Wilfred Abrahams said the fifth-round review will test not just laws on the books, but how effectively they’re applied. Corporate Transparency in Practice: The bill is framed as closing loopholes that let people hide behind nominee shareholders, with penalties for non-compliance. Microfinance Pressure: LASCO Financial Services reported rising loan arrears at its microfinance unit, with $453.8m past due and almost a third of its portfolio overdue, prompting tighter credit approvals. Regional Trade Costs: A proposed regional ferry approach in the wider Caribbean is being pitched as trade infrastructure to cut intra-Caricom shipping costs and boost non-energy exports. Climate and Tourism Hit: New research warns sargassum is becoming a self-sustaining, recurring coastal problem, with public health and harbour impacts. Caribbean Mobility Angle: Dr Dennis McCall argued intraregional travel is declining due to high costs, heavy aviation taxation and weak connectivity.
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