Insider Talking: November 30, 1998

Apart from The Harris Organization of Panama, other financial services providers promoted by Florida-based attorney and offshore author Arnold Goldstein have less than distinguished records over recent years, OffshoreAlert can disclose; After responding to an advertisement in the International Herald Tribune that invited readers to call a Bahamas telephone number for details about obtaining an offshore banking licence without any qualifications, we were faxed details of various licences available; The Bahamas Government appears to have changed its mind about how it should privatize the Bahamas Telecommunications Corporation; The Securities Industry Bill, which will, inter alia, provide for the establishment of a Bahamas International Stock Exchange, was introduced to the House of Assembly this month; and the liquidators of First Cayman Bank try to collect $1 million from former Cayman government minister McKeeva Bush.