Posts Tagged ‘#businewssnews’

Jim Pantelidis Announces Retirement from Parkland Board of Directors – Steven Richardson appointed as new Board Chair

CALGARY, AB, July 28, 2023 /PRNewswire-HISPANIC PR WIRE/ — Parkland Corporation (”Parkland”, “we”, the “Company”, or “our”) (TSX: PKI) today announced that Jim Pantelidis, Parkland’s Chair of the Board, has announced his retirement from the Board effective today. Although Mr. Pantelidis will no longer be a director of the Company, he will remain as an advisor to the Board, with the honourary title of “Chairman Emeritus”, until the next annual general meeting of shareholders in recognition of his significant contributions to the Company.

For over two decades, Mr. Pantelidis guided the company through its evolution from a small regional player to an international organization operating in 25 countries.  “On behalf of the Board of Directors I would like to thank Jim for his invaluable contributions to Parkland’s growth and strategy,” said Bob Espey, President, and CEO of Parkland. “We wish him well in retirement and look forward to his support as an advisor to the company.”

Effective immediately, the Board has appointed Steven Richardson as Chair of the Board. Mr. Richardson joined the Board in 2017 and currently serves on the Human Resources and Compensation Committee and is the Chair of the Audit Committee. Mr. Richardson has over 30 years of experience in the financial and retail sectors. From 2003 to 2009, Mr. Richardson held senior financial positions at Hudson’s Bay Company, including Chief Financial Officer from 2006 to 2009. Previously, Mr. Richardson held senior executive positions with financial services companies, including Chief Financial Officer of Wells Fargo Financial Canada, Executive Vice President and Chief Financial Officer of Associates Financial Services of Canada, and Chief Financial Officer of Beneficial Canada.

Mr. Richardson currently serves on the Board of Directors of SupremeX Inc., where he chairs the Audit Committee. He previously served on the Board of Directors for RONA Inc. and easyhome Ltd. (currently goeasy Ltd.), where he served on both Audit Committees.

Mr. Pantelidis’ retirement, and Mr. Richardson’s appointment as Chair of the Board, form part of Parkland’s ongoing Board refreshment process.

About Parkland Corporation

Parkland is an international fuel distributor and retailer with operations in twenty-five countries. Our purpose is to power what moves people, and every day, we provide over one million customers with the essential fuels, convenience items and quality foods on which they depend.

With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. In addition to meeting our customers’ needs for essential fuels, we provide a range of choices to help them lower their environmental impact. These include carbon and renewables trading, solar power, renewables manufacturing and ultrafast Electric Vehicle charging.

Our proven business model is centred around organic growth, our supply advantage, driven by scale and our integrated refinery and supply infrastructure, acquiring prudently, and integrating successfully. Our strategy is focused on developing our existing business in resilient markets, growing our food, convenience, and renewable energy businesses, and helping customers to decarbonize. Our business is underpinned by our people, and our values; safety, integrity, community, and respect, which are deeply embedded across our organization.

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St Kitts and Nevis and Canada continue to implement initiatives that solidify the bilateral relationship

CARIBPR WIRE, Basseterre, St. Kitts, Mon. Nov. 21, 2022: The twin federation of St Kitts and Nevis has had a long and fruitful relationship with Canada and the two nations continue to develop initiatives that strengthen relations.

From 5 to 7 December 2022 the government of Canada will provide biometric processing of visa applications in St Kitts and Nevis. This comes as positive news as nationals of St Kitts and Nevis are normally required to travel abroad to centers in Barbados, Saint Lucia, St. Vincent, and the Grenadines, or even Trinidad and Tobago, to have their biometric information collected for Canadian visa applications.

The processing will be conducted by Canadian officials and this special arrangement is aimed at visa applicants that fall within one of the following categories:

  1. St Kitts and Nevis nationals who anticipate travel to Canada;
  2. Persons who have already applied online or by mail for a visa, work or study permit or for
    permanent residence for Canada and have received their Biometric Instruction Letter; and
  3. Nationals of other countries residing in St Kitts and Nevis are also required to provide their biometric information for planned travel to Canada.

When applying for a Canadian visa, whether for visitation, work, study, or for residence purposes, nationals of St Kitts and Nevis, as well as nationals from other countries, must provide biometric information such as fingerprints and an identity photograph.

Visa applicants are encouraged to complete an online visa application as soon as possible, in order to take advantage of this December opportunity. This could be of benefit to applicants planning to travel for educational purposes, business, tourism, family reunifications, and more.

Monday, November 28, 2022, is the last day to schedule an appointment for the available period in December. Appointment requests that are received after this date will not be accommodated unless appointments that have already been made are cancelled and a booking space becomes available.

Visa applicants must have a scheduled appointment and must bring along the required Biometrics Instruction Letter to their appointment. Officials will not collect applications or biometric information from applicants who have not received this letter.

The schedule for the collection of biometric information collection will take place from 08:30 to 17:30 on Monday to Wednesday, 5 to 7 December 2022, at the St Kitts Marriott Resort. Directions to the precise location within the hotel will be provided upon arrival.

In order to book an appointment for biometrics collection, please write to [email protected].

The governments of Canada and St Kitts and Nevis partner on a number of important issues, with an emphasis on matters of economic resilience and climate. St Kitts and Nevis has a High Commission in Ottawa and a consulate in Toronto, while Canada is represented in St Kitts and Nevis by the High Commission of Canada in Barbados, all of which help to strengthen bilateral ties between the two countries.

According to the government of Canada, Canada’s merchandise exports to St Kitts and Nevis totaled CA$5.2 million and merchandise imports from St Kitts and Nevis totaled CA$2.9 million in 2021. During this period, Canada’s main exports to St Kitts and Nevis included live animals and animal products, food products, and metals.

Even before the recent COP27, Canada announced the CA$100 million pledge for Caribbean Reconstruction and Economic and Climate Resilience to support St Kitts and Nevis and the region in reconstruction and climate resilience, following the disastrous 2017 hurricane season in the Caribbean. According to the Canadian government, this included strengthening natural disaster planning and response through organizations such as the Caribbean Disaster Emergency Management Agency.

At the CARICOM Intersessional Meeting in February 2020, Canada announced an additional CA$61.5 million in new commitments for resilience, technical assistance, and education exchanges for the Caribbean. This includes, for example, the Canada-CARICOM Expert Deployment Mechanism, which provides technical assistance to CARICOM governments, including St Kitts and Nevis, to help diversify and strengthen the economy, build climate-resilient communities, and reduce gender and economic inequalities.

Canada is the largest contributor to the International Monetary Fund’s Caribbean Regional Technical Assistance Centre, which has provided technical assistance to St Kitts and Nevis in internal audit, and tax and customs administration.

St Kitts and Nevis also works closely with Canada in multilateral domains such as the Commonwealth, the Inter-American Development Bank (IDB), the Organization of American States (OAS), the World Trade Organization (WTO), and the Organisation of Eastern Caribbean States (OECS).

St Kitts and Nevis also benefits from the Canada Fund for Local Initiatives, and Canada’s partnership with non-governmental organizations and regional institutions, such as St Kitts and Nevis-based Eastern Caribbean Central Bank and the Caribbean Development Bank. Canada represents St Kitts and Nevis and other Caribbean nations on the Board of Governors of the World Bank and the International Monetary Fund.

Many investors from Canada and other wealthy nations have participated in citizenship by investment programme offered by the government of St Kitts and Nevis. This programme is the oldest and one of the most trusted programmes of its kind in the world. Since 1984, it has allowed investors and their families to legally obtain citizenship in one of the Caribbean’s most idyllic places. Through this programme, foreign investors to St Kitts and Nevis can obtain citizenship for life, with the right to live and work in the island country, the ability to share citizenship with future generations, and taking advantage of having more global mobility. St Kitts and Nevis also offers investors a fair tax regime, with no worldwide income, inheritance, or gift tax for tax residents.

There are two main ways in which an applicant can apply for citizenship under St Kitts and Nevis citizenship by investment programme: by donating to the country’s Sustainable Growth Fund or by investing in pre-approved real estate.

The country’s CBI programme is also undergoing an upgrade under the leadership of the new St Kitts and Nevis prime minister, Dr. Terrance Drew. The new changes will ensure strengthened legislative and administrative oversight of the programme to ensure that it meets the needs of a changing investor whilst also being beneficial to the local citizens. Prime Minister Drew is determined to retain the country’s CBI status – which is one of the best in the world.

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The Dominican Republic Fully Committed to Hosting the 2022 FCCA Cruise Conference

MIRAMAR, Fla., June 22, 2022 /PRNewswire-HISPANIC PR WIRE/ — Florida-Caribbean Cruise Association (FCCA) is pleased to announce that the Dominican Republic will host the 2022 FCCA Cruise Conference, the only official cruise conference representing the Caribbean, Mexico and Central and South America. Taking place in Santo Domingo from October 11-14, the event will feature a series of meetings, workshops and networking opportunities with an expected 100 high-level executives from FCCA Member Lines, which represent more than 90 percent of global ocean cruising capacity. It will also allow the Dominican Republic to showcase its potential for increased benefits from cruise tourism and help the destination fulfill targeted objectives.

“I am thankful for the continued partnership with the Dominican Republic that paved the way to hosting the FCCA Cruise Conference,” said Micky Arison, Chairman of Carnival Corporation and FCCA. “This will be a crucial time and place for the industry gather to continue cruise tourism’s recovery, and it is a testament to the country’s commitment.”

All Conference participants will have access to workshops led by cruise executives and successful stakeholders, including ones focused on tour operators and increasing local employment and sourcing opportunities.

Participants will also have opportunities to interact with the expected 100 cruise executives during a series of meetings – including one-on-one meetings – and networking functions throughout the event, which will be celebrating FCCA’s 50th anniversary.

Additionally, the Dominican Republic will showcase some of the best to see, eat and hear in the destination for cruise guests, along with what its opportunities for growth that hosting the event has historically driven.

Before, during and after the event, FCCA will work with the Dominican Republic toward its goals of developing a new cruise terminal in Samana and increasing demand for Sans Souci Terminal in Santo Domingo. FCCA is also partnering with the Dominican Republic on initiatives focused on cruise lines hiring citizens, cruise ships sourcing local goods, and increasing the already high percentage of cruisers that return as overnight guests.

More details about and registration for the event will be announced in the coming months and available at

About Florida-Caribbean Cruise Association (FCCA)

Created in 1972, FCCA is a not-for-profit trade organization representing mutual interests of the cruise industry and destinations’ private and public sectors. For more information, visit and @FCCAupdates on FacebookInstagram and Twitter.

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Parkland Corporation Announces Date of 2020 Fourth Quarter & Year-End Results

CaribPR Wire, CALGARY, Alberta, Feb. 17, 2021: Parkland Corporation (“Parkland”) (TSX:PKI) expects to announce its 2020 fourth quarter and year-end results after markets close on Thursday March 4, 2021. A conference call and webcast will then be held at 6:30 a.m. MST (8:30 a.m. EST) on Friday, March 5, 2021, to discuss the results.

To listen to the live webcast and watch the presentation, please use the following link:

Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0546 (toll-free) (Conference ID: 87395118). International participants can call 1-587-880-2171 (toll) (Conference ID: 87395118).

Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to

Financial Statements and Management’s Discussion and Analysis will be posted to and SEDAR after the results are released.

About Parkland

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

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Hakrinbank Selects Tookitaki to Ensure Sustainable Financial Compliance Monitoring

  • Tookitaki will deploy its industry-leading Anti-Money Laundering Suite (AMLS) to help Hakrinbank detect and prevent financial crime
  • The deployment to significantly improve current legacy AML system and data analysis environment

    CaribPR Wire, PARAMARIBO, Suriname, Feb. 09, 2021: Tookitaki, a global regulatory technology (RegTech) company that enables financial institutions to develop sustainable compliance programs, today announced a partnership with Hakrinbank, a leading South American bank based in Suriname, to fortify its Anti-Money Laundering (AML) detection and alerts management capabilities.

    To improve its legacy system and augment its ability to better detect, prioritise, investigate, report and prevent financial crime, Hakrinbank chose Tookitaki to deploy the RegTech’s cutting-edge AMLS offering into production, harnessing the bank’s unique mix of customer, account and transaction data.

    In the past, the alert handling at the Hakrinbank was mainly manual because of the number of false positives (alerts that do not represent suspicious activity). The bank wanted a system that could reduce the alert volume while not increasing the risk of missing any suspicious activity. Tookitaki was selected after demonstrating superior suspicious AML pattern detection using a modern solution architecture that can replace the bank’s existing systems over time and provide a migration path for future Artificial Intelligence (AI) and Machine Learning (ML) capabilities.

    Tookitaki’s Anti-Money Laundering Suite (AMLS) is an award-winning, end-to-end, machine learning solution with modules around transaction monitoring and names screening. This solution complements current legacy systems, reduces false alerts, and detects ‘missed’ suspicious cases, augmenting both the efficiency and effectiveness of AML compliance processes. The solution will help Hakrinbank prioritize alerts smartly, use AI to increase detection accuracy and improve investigation efficiency through an easy-to-manage user interface.

    Mr Abhishek Chatterjee, Founder & CEO, Tookitaki, said, “Tookitaki continues to be a trusted partner of global banks to develop sustainable compliance programmes. Working with Hakrinbank provides us inroads into the Caribbean’s dynamic financial services market. It is a great opportunity for us to detect new and emerging financial crimes, help mitigate compliance risks and ensure banks and financial institutions are aligned to regulatory compliance requirements.”

    “This strategic investment and partnership with Tookitaki will enable us to lead the transformation of better risk management by shifting from conventional rules-based AML practices to a future-proof, fully-automated AI-based AML approach. Hopefully through this journey, we are also able to alter the perception of the Caribbean region as high-risk. With increasing digital transactions, fighting money laundering has become more complicated than it previously was, but we are committed to tackling this menace through this partnership,” stated Mr. Rafiek Sheorajpanday, CEO of Hakrinbank.

    Last year, the European Union blacklisted a handful of Caribbean jurisdictions due to inadequate AML and tax transparency practices. However, governments in the region and regulatory bodies such as the Financial Action Task Force of Latin America (GAFILAT) are working closely to take steps to tighten anti-money laundering regulations, while in parallel financial institutions are embracing AI to improve detection and investigation abilities. The region has introduced its own initiative, such as the Caribbean Financial Action Task Force (CFATF) to improve governance.

    Tookitaki AMLS is the industry’s first AI-based enterprise AML analytics solution in production across transaction monitoring and screening processes with proven performance.

    About Tookitaki
    Tookitaki Holding Pte. Ltd. provides enterprise software solutions catering to anti-money laundering and reconciliation spaces. Headquartered in Singapore, the growth-stage company is innovating the US$100-billion regulatory compliance space by bringing in machine learning-powered solutions that are actionable, scalable and explainable. The uniqueness and robustness of Tookitaki innovation in the field of regulatory compliance have been acknowledged worldwide. In 2020, the company won the Regulation Asia Awards for Excellence, WITSA Global ICT Excellence Award and G20TechSprint accelerator. In 2019, the company was selected as a Technology Pioneer by the World Economic Forum, recognizing its ability to shape the AML industry and the region in new and exciting ways. Tookitaki is backed by institutional investors like Viola, SIG, Illuminate Financial, Jungle Ventures and Spring Seeds, an investment arm of the Singapore government.

    About Hakrinbank
    The Hakrinbank, founded 85 years ago, is a full-service bank that continually strives to operate in a customer-oriented way with a primary focus on the business segment and the middle- and higher-income consumer segment. Our ambition is to be the ‘preferred bank’ for our focus customer segments through a sublime customer experience. The Hakrinbank is strongly rooted in the Surinamese society and makes an important contribution to the development of various sectors, companies, families and the society.

    As one of the leading financial institutions in Suriname, Hakrinbank is working on their roadmap of providing digital and innovative products and services. Recently we launched our e-commerce platform hoppa! and our mobile wallet Mopé. Currently we are working on enhancements and new products and services such as a new Online and Mobile Banking platform.

    When banks increase their digital and innovative products, it leads to an increase in cybersecurity and financial crime risks, which was one of our greatest sources of threats. Preventing fraud and money laundering requires adequate measures. Hence, strengthening our enterprise risk management framework and also creating more risk awareness has a primary focus within the organization. In that regard we have drawn up full scale Cybersecurity, Fraud and ML/TF prevention programs. Aware of our leadership position in the financial sector in Suriname, we are committed to embracing the use of Artificial Intelligence to augment our AML/CFT capabilities and to lead the way in dealing with this threat to us and our country. The partnership with Tookitaki will enable us to achieve these goals.

    Hakrinbank selecciona Tookitaki para garantizar monitoreo de cumplimiento financiero sostenible

    • Tookitaki implementará su Suite Antilavado de Dinero (AMLS) líder del sector para ayudar a Hakrinbank a detectar y prevenir delitos financieros
    • La implementación mejorará de forma significativa el sistema Antilavado de Dinero (AML) legado actual y el espacio de análisis de datos

    CARIBPR Wire PARAMARIBO, Suriname, Feb. 09, 2021: Tookitaki una empresa mundial de tecnología regulatoria (RegTech) que permite que las instituciones financieras desarrollen programas de cumplimiento sostenible, anunció hoy una asociación con Hakrinbank, un banco líder sudamericano con sede en Suriname, para fortalecer sus capacidades de detección y gestión de alertas de Antilavado de Dinero (AML).

    A fin de mejorar su sistema legado y aumentar su capacidad para detectar, priorizar, investigar, informar y prevenir mejor los delitos financieros, Hakrinbank seleccionó a Tookitaki para implementar la oferta AMLS de vanguardia de RegTech en la producción, aprovechando la combinación única de datos de clientes, cuentas y transacciones del banco.

    Anteriormente, el manejo de alertas e Hakrinbank era principalmente manual debido al número de falsos positivos (alertas que no representan actividad sospechosa). El banco buscó un sistema capaz de reducir el volumen de alertas sin aumentar el riesgo de desaprovechar cualquier actividad sospechosa. Tookitaki fue seleccionada después de demostrar una detección superior de patrones AML sospechosos utilizando una arquitectura de solución moderna que puede reemplazar los sistemas existentes del banco a lo largo del tiempo y ofrecer una ruta de migración a futuras capacidades de inteligencia artificial (IA) y aprendizaje automático (ML).

    La Suite Antilavado de Dinero (AMLS) de Tookitaki es una solución de aprendizaje automático galardonada e integral con módulos en torno al monitoreo de transacciones y detección de nombres. Esta solución complementa los sistemas legados actuales, reduce alertas falsas y detecta los casos sospechosos “no identificados”, lo que aumenta la eficacia y efectividad de los procesos de cumplimiento AML. La solución ayudará a Hakrinbank a priorizar alertas de forma inteligente, usar la IA para aumentar la precisión de detección y mejorar la eficacia de la investigación a través de una interfaz de usuario fácil de administrar.

    El Sr. Abhishek Chatterjee, fundador y director ejecutivo de Tookitaki, dijo: “Tookitaki continúa siendo un socio de confianza de los bancos globales para el desarrollo de programas de cumplimiento sostenible. El trabajo con Hakrinbank viabiliza grandes avances en el dinámico mercado de servicios financieros del Caribe. Es una gran oportunidad para detectar delitos financieros nuevos y emergentes, ayudar a mitigar los riesgos de cumplimiento y garantizar que los bancos e instituciones financieras estén alineadas con los requisitos regulatorios de cumplimiento”.

    “Esta inversión estratégica y asociación con Tookitaki nos permitirá liderar la transformación de una mejor gestión de riesgos, al cambiar de prácticas de AML basadas en reglas convencionales a un enfoque de AML totalmente automatizado y comprobado para el futuro. Esperemos que a través de esta jornada, también podamos cambiar la percepción de la región del Caribe como de alto riesgo. Con el aumento de las transacciones digitales, la lucha contra el lavado de dinero se volvió más complicada que antes, sin embargo; estamos comprometidos a abordar esta amenaza a través de esta asociación “, dijo Rafiek Sheorajpanday, director ejecutivo de Hakrinbank.

    El año pasado, la Unión Europea puso en la lista negra a un puñado de jurisdicciones del Caribe debido a prácticas inadecuadas de AML y transparencia fiscal. Sin embargo, los gobiernos de la región y organismos reguladores como el Grupo de Acción Financiera de América Latina (GAFILAT) están trabajando en estrecha colaboración para tomar medidas para endurecer las regulaciones contra el lavado de dinero, mientras paralelamente, las instituciones financieras están adoptando la IA para mejorar las capacidades de detección e investigación. La región presentó su propia iniciativa, como el Grupo de Acción Financiera del Caribe (GAFI) para mejorar la gobernanza.

    Tookitaki AMLS es la primera solución de análisis de AML empresarial basada en IA del sector en producción a través de procesos de monitoreo y selección de transacciones con un rendimiento comprobado.

    Acerca de Tookitaki
    Tookitaki Holding Pte. Ltd. ofrece soluciones de software empresarial dirigidas a los espacios de antilavado de dinero y reconciliación. Con sede en Singapur, la empresa en etapa de crecimiento está innovando el espacio de cumplimiento regulatorio de US $ 100 mil millones al incorporar soluciones impulsadas por el aprendizaje automático accionables, escalables y explicables. La singularidad y robustez de la innovación de Tookitaki en el campo del cumplimiento regulatorio son reconocidas en todo el mundo. En 2020, la empresa ganó los Premios Regulation Asia a la Excelencia, el Premio WITSA Global ICT Excellence y el acelerador G20TechSprint. En 2019, la empresa fue seleccionada como pionera en tecnología por el Foro Económico Mundial, en reconocimiento a su capacidad para moldear el sector de AML y la región de maneras nuevas y emocionantes. Tookitaki cuenta con el respaldo de inversores institucionales como Viola, SIG, Illuminate Financial, Jungle Ventures y Spring Seeds, una rama de inversión del gobierno de Singapur.

    Acerca de Hakrinbank
    Hakrinbank, fundado hace 85 años, es un banco de servicio completo que se esfuerza continuamente por operar de forma orientada al cliente, con enfoque principal en los segmentos de negocios y de consumo de medianos y altos ingresos. Nuestra ambición es ser el “banco preferido” para nuestros segmentos de clientes focalizados mediante una magnífica experiencia de cliente. El Hakrinbank está fuertemente arraigado en la sociedad surinamesa, y hace una importante contribución al desarrollo de diversos sectores, empresas, familias y la sociedad.

    Como una de las principales instituciones financieras de Suriname, Hakrinbank trabaja en su plan de acción para ofrecer productos y servicios digitales e innovadores. Recientemente lanzamos nuestra plataforma de comercio electrónico, hoppa! y nuestra cartera móvil Mopé. En la actualidad trabajamos en mejoras y nuevos productos y servicios como una nueva plataforma de banca en línea y móvil.

    El aumento de productos digitales e innovadores de los bancos conduce a aumento de la ciberseguridad y riesgos de delitos financieros, una de nuestras mayores fuentes de amenazas. La prevención del fraude y el lavado de dinero exige medidas adecuadas. Bien así, el fortalecimiento de nuestra estructura de gestión de riesgos empresariales y también la creación de mayor concienciación de riesgo tienen un enfoque principal dentro de la organización. En ese sentido, elaboramos programas a escala completa de ciberseguridad y prevención de fraude y avado de dinero y financiamiento del terrorismo (LD/FT). Conscientes de nuestra posición de liderazgo en el sector financiero en Suriname, mantenemos nuestro compromiso de adoptar el uso de inteligencia artificial para aumentar nuestras capacidades Antilavado de Dinero y contra el Financiamiento del Terrorismo (ALD/CFT) y liderar el camino para lidiar con esta amenaza para nosotros y nuestro país. La asociación con Tookitaki nos permitirá alcanzar estos objetivos.

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