With a booming market and more luxury developments coming on stream than ever before, the real estate industry faces a new era of compliance, industry leaders warned at the Bahamas Real Estate Association held at the beginning of this month.

Minister of Financial Services Brent Symonette delivered welcome remarks yesterday to delegates attending the 20th Anniversary STEP Conference, a forum for stakeholders in the financial sector. The two-day event, held under the theme Mind the Gap: Future-Proofing IFCs, is taking place at Baha Mar resort in The Bahamas.