Legislation has keep pace with technology, says Jordan

According to Barbados Nation, Minister of Labour Colin Jordan is adamant that Barbados’ financial reputation is one of its most valuable assets, and that it can only be protected if legislation keeps pace with fast-moving technology. He made that clear while speaking in the House of Assembly yesterday during debate on the Virtual Asset Service Providers Bill, 2026. The MP for St Peter said the legislation, which aims to combat money laundering and terrorist financing, matters to “every single Barbadian.” Cubana Air Flight He noted that the debate fell on the 50th anniversary of a terrorist act, namely the bombing of Cubana Air Flight 455 just off the west coast of Barbados. Terrorism, he argued, disrupts prices and the supply of goods, and ultimately damages the standard of living in small island developing states like Barbados. Jordan said technology is evolving rapidly, and only those “who live on the rocks” would