Bahamas Financial Services Board Attends Captive Insurance Conference

March 16, 2018By @BahamasFSBBFSB News, Industry News, Insurance

Pictured Left to Right are: Candice Bain (Bahamas Cooperative League), Indira Munroe-Farrington (BFSB), Sinead Bethel (ICB), Santia Dean (BFSB) and Phelice Jones (ICB)   On March 12th and 13th the Captive Insurance Companies Association (CICA) held its annual International Conference in Scottsdale, Arizona under the theme “The Challenge Of Change”. Captive Insurance continues to be … Read More

Bahamas named on EU Non-Cooperative Countries List

March 13, 2018By @BahamasFSBBFSB News, Industry News

PRESS STATEMENT – 13 March 2018 By K. Peter Turnquest, Deputy Prime Minister & Minister of Finance The Bahamas was today included on the European Union listing of non-cooperative jurisdictions for tax purposes at its meeting of European Council of Finance Ministers, without discussion. The Bahamas notes the comments included on the EU’s Press Release, … Read More

IBFS 2018 A Great Success

March 5, 2018By @BahamasFSBBFSB News, Education & Training, Events, Industry News, Private Wealth Management, Tax Co-operation, Tax Cooperation

This year the Bahamas Financial Services Board hosted its annual International Business and Finance Summit in conjunction with Bahamas Briefing on March 1st and March 2nd at the Baha Mar Convention Center. At the Bahamas Briefing international intermediaries got an opportunity to see and hear why the Bahamas is the jurisdiction of choice as local … Read More

BFSB Hosts Fintech 101 Seminar

January 25, 2018By @BahamasFSBBFSB News, Events, Featured, Industry News

On January 24, 2018 The Bahamas Financial Services Board (BFSB) and ALIV partnered to host a financial technology (FINTECH) seminar at The British Colonial Hilton. The event was well attended with over 170 persons representing over fifty member firms. In November 2017, BFSB created a FINTECH Working Group to explore the opportunities for the financial … Read More

S&P Affirms Bahamas Outlook is Stable

December 15, 2017By @BahamasFSBBFSB News, Featured, Industry News

Standard & Poor’s recently published a report on the Commonwealth of the Bahamas affirming its ‘BB+/B’ Ratings and deeming the country’s outlook as stable. RATINGS Foreign Currency: BB+/Stable/B — Local Currency: BB+/Stable/B OVERVIEW • Bahamian political institutions strongly responded to societal priorities in the 2017 election. • We expect the new administration’s solid mandate to … Read More

Bahamas Signs Multilateral Convention for Mutual Assistance in Tax Matters

December 15, 2017By @BahamasFSBBFSB News, Featured, Industry News, Tax Cooperation

With respect to the announcement that The Bahamas has formally acceded to The Multilateral Convention on the Mutual Administrative Assistance in Tax Matters (“The Multilateral Convention”), Th Bahamas Financial Services Board (BFSB) and Association of International Bank & Trust Companies (AIBT) acknowledge that arriving at this point has required much collaboration between the government and … Read More

BFSB hosts Timely Seminar on The Common Reporting Standard

December 13, 2017By @BahamasFSBBFSB News, Featured, Industry News, Tax Cooperation

The Bahamas Financial Services Board hosted a very timely seminar to assist financial institu-tions with meeting their obligations under The Common Reporting Standard (CRS). The seminar was held on Tuesday December 12, 2017 and was facilitated by Paul Davis, Partner of Higgs & Johnson law firm and Deputy Chairman of The Bahamas Financial Services Board. … Read More

Opalesque Bahamas Roundtable

December 7, 2017By @BahamasFSBBFSB News, Industry News, Private Wealth Management

Family Governance, Legacy and Dynastic Vision: Family Office Roundtable in The Bahamas With a long standing history and track record in financial services, The Bahamas has a first class legislation and judicial system as it relates to private client wealth planning, was the first non-civil law jurisdiction to introduce foundations, and its Trustee Act (1998) … Read More