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UK places Barbados on new list citing money laundering concerns

UK places Barbados on new list citing money laundering concerns Article by May 13, 2021 Bridgetown has been placed on yet another list coming out of Europe, at a time when the country is awaiting the removal of its name from another. Barbados is one of three Caribbean countries to be placed on the United Kingdom’s list of “high-risk third countries” when it comes to money laundering and terrorist financing. This comes even as UK officials acknowledged that authorities in Bridgetown have made efforts over the past few years to strengthen anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.

Kirk Cyrus Promoted To Chairman Of SRS

Strategic Risk Solutions announced that Kirk Cyrus, who is currently SRS’s Managing Director in Barbados, has taken on the additional role of Chairman as of May 1, 2021. A spokesperson said, “Strategic Risk Solutions [SRS], the world’s leading independent insurance company manager, today announced that Chris Evans has stepped down from the position of Chairman of Strategic Risk Solutions [Barbados] Ltd. “Kirk Cyrus, who is currently SRS’s Managing Director in Barbados, has taken on the additional role of Chairman as of May 1, 2021. “During the past year, Kirk has proven himself to be a key member of our executive management structure,” said SRS Chief Executive Officer Brady Young. “This well-deserved promotion is a natural next step as we continue to execute our strategy of expanding our customer base and geographic reach as we have done recently in other jurisdictions.

Wood takes over as CEO of Nation Group

Social Share The One Caribbean Media (OCM) Group is pleased to announce the appointment of Noel R. Wood to the position of Chief Executive Officer (CEO) of The Nation Group of Companies effective April 1, 2021. Wood is an experienced leader having worked with the Nation Group over 30 years progressively advancing through the organisation. He served for 15 years as Group Financial Controller/Chief Operating Officer of the Nation Corporation. He currently serves on the boards of Innogen Technologies and SVG Publishers Inc. Wood is a finance professional and chartered accountant with a strong record of financial management and strategy implementation. He is a fellow of the Institute of Chartered Accountants of Barbados (ICAB) and holds an MBA in Finance from City University, London.

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