About BFSB

The Bahamas Financial Services Board (BFSB) is a dynamic public-private partnership established to promote and strengthen The Bahamas as a leading international financial center.

History and Establishment

Founded in April 1998 through a strategic partnership between the Bahamian government and private sector, the Bahamas Financial Services Board (BFSB) was created to unify and promote the nation’s financial services industry.

Bringing together leaders from banking, trust, insurance, legal, and advisory professions, BFSB quickly became the central voice for the sector—advocating for regulatory modernization and championing new legislation to keep The Bahamas competitive on the global stage.

The Board has played a pivotal part in shaping the jurisdiction’s reputation for excellence in wealth management, insurance, mutual funds, and digital assets, while also supporting the industry’s adaptation to digital transformation and heightened compliance demands.

Key Initiatives and Programs

BFSB promotes The Bahamas as a leading international financial center through global marketing, industry conferences, and targeted outreach. The Board works with government and regulators to shape policy, modernize legislation, and ensure compliance with international standards—especially in areas like anti-money laundering and digital assets.

Education and workforce development are priorities, with professional training and certification programs delivered in partnership with local institutions. BFSB also drives product and service innovation, supporting new offerings that keep the sector competitive.

Stakeholder engagement is central, with forums and networking events connecting the private sector and policymakers. Thought leadership is delivered through industry guides and publications, positioning The Bahamas as a trusted source of financial expertise.

Value and Governance

BFSB operates on a collaborative model where industry professionals elect board members to two-year terms, ensuring the private sector’s voice guides our strategic direction. Membership fees are modest and scaled by organization size, delivering exceptional return on investment through impactful advocacy, marketing reach, and development initiatives that benefit the entire sector.

Strategic Partnerships

Our success is built on strong partnerships and collaboration across the financial services ecosystem. Working closely with the Government of The Bahamas, BFSB helps shape policy and drive initiatives that support sustainable industry growth. The Board maintains active relationships with regulatory bodies, including the Securities Commission and Insurance Commission, ensuring alignment on regulatory standards and industry priorities.

Partnerships with local and international industry associations, professional organizations, and global networks extend BFSB’s reach and influence, fostering knowledge exchange and best practices. Collaborative initiatives with educational institutions help cultivate the next generation of financial professionals through training, certification, and mentorship programs.

Public-private partnerships are central to BFSB’s strategy, enabling joint projects that address emerging opportunities and challenges—from digital innovation to compliance and workforce development. Through these alliances, BFSB amplifies its impact, ensuring The Bahamas remains a dynamic, well-connected, and globally respected financial center.