Money-laundering affects the first world as well, since a favored shell company investment is real estate in Europe and North America. London, Miami, New York, Paris, Vancouver and San Francisco have all been affected. The practice of parking assets in luxury real estate has been frequently cited as fueling skyrocketing housing prices in Miami, where the Miami Association of Realtors said that cash sales accounted for 90% of new home sales in 2015. "There is a huge amount of dirty money flowing into Miami that's disguised as investment," according to former congressional investigator Jack Blum. In Miami, 76% of condo owners pay cash, a practice considered a red flag for money-laundering.
The islands' population is predominantly Christian. Protestant denominations collectively account for more than 70% of the population, with Baptists representing 35% of the population, Anglicans 15%, Pentecostals 8%, Church of God 5%, Seventh-day Adventists 5% and Methodists 4%. There is also a significant Roman Catholic community accounting for about 14%. There are also smaller communities of Jews, Muslims, Baha'is, Hindus, Rastafarians and practitioners of traditional African religions such as Obeah.
More InfoThe British House of Lords voted to give The Bahamas its independence on 22 June 1973. Prince Charles delivered the official documents to Prime Minister Lynden Pindling, officially declaring The Bahamas a fully independent nation on 10 July 1973, and this date is now celebrated as the country's Independence Day. It joined the Commonwealth of Nations on the same day. Sir Milo Butler was appointed the first governor-general of The Bahamas (the official representative of Queen Elizabeth II) shortly after independence.
More InfoAmerican film-maker Stanley Kubrick had an estimated personal worth of $20 million when he died in 1999, much of it invested in an 18th-century English manor he bought in 1978. He lived in that manor for the rest of his life, filming scenes from The Shining, Full Metal Jacket and Eyes Wide Shut there as well. Three holding companies set up by Mossack Fonseca now own the property, and are in turn held by trusts set up for his children and grandchildren. Since Kubrick was an American living in Britain, without the trust his estate would have had to pay transfer taxes to both governments and possibly have been forced to sell the property to obtain the liquid assets to pay them. Kubrick is buried on the grounds along with one of his daughters, and the rest of his family still lives there.
More InfoDexter Cambridge, Rick Fox, Ian Lockhart, Magnum Rolle, Buddy Hield and Deandre Ayton are a few Bahamians who joined Bahamian Mychal Thompson of the Los Angeles Lakers in the NBA ranks. Over the years American football has become much more popular than soccer, though not implemented in the high school system yet. Leagues for teens and adults have been developed by the Bahamas American Football Federation. However soccer, as it is commonly known in the country, is still a very popular sport amongst high school pupils. Leagues are governed by the Bahamas Football Association. Recently, the Bahamian government has been working closely with Tottenham Hotspur of London to promote the sport in the country as well as promoting The Bahamas in the European market. In 2013, 'Spurs' became the first Premier League club to play an exhibition match in The Bahamas, facing the Jamaican national team. Joe Lewis, the owner of the club, is based in The Bahamas.
More InfoThe Duke was praised at the time for his efforts to combat poverty on the islands. A 1991 biography by Philip Ziegler, however, described him as contemptuous of the Bahamians and other non-European peoples of the Empire. He was praised for his resolution of civil unrest over low wages in Nassau in June 1942, when there was a "full-scale riot". Ziegler said that the Duke blamed the trouble on "mischief makers – communists" and "men of Central European Jewish descent, who had secured jobs as a pretext for obtaining a deferment of draft". The Duke resigned from the post on 16 March 1945.
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