The Central Bank of The Bahamas Act 2000 and the Banks and Trust Companies Regulation Act 2000 provide for:

-improved supervision
-on-site inspection of banks and trust companies
-full cooperation on cross-border supervision of banks and trust companies
-enhanced cooperation between the Central Bank and overseas regulatory authorities
-extensive information gathering powers for the Central Bank
-enhanced supervisory powers for the Inspector of Banks and Trust Companies
-enhanced role of the Central Bank Governor
-expansion of the licensing criteria for banks and trust companies

Regulatory Agency/Regulators:
Central Bank of the Bahamas
Governor of the Central Bank of The Bahamas
Inspector of Banks and Trust Companies

The Financial & Corporate Service Providers Act 2000 provides for:

-annual licensing of persons to carry on the business of financial and corporate services in or from within The Bahamas
-the duties of the licencees

Inspector of Financial and Corporate Services

The Financial Intelligence Unit Act 2000 provides for the establishment of a financial intelligence unit in The Bahamas, charged with:

-receiving, analysing, obtaining, and disseminating information relating to the proceeds of an offence under the Proceeds of Crime Act 2000
-informing the public, financial and business entities of their obligations under counter-money laundering measures

Financial Intelligence Unit

The Financial Transactions Reporting Act 2000 provides for:

-the identification of those who abuse the financial systems
-imposition of certain obligations on financial institutions in relation to the conduct of financial transactions and for connected purposes

Compliance Commission

The Securities Industry Act 1999, Securities Industry Regulations 2000, the Mutual Funds Act 1995, and Mutual Funds Regulations 1995 provide for:

-the formulation of principles to regulate and govern mutual funds, securities and capital markets

-the maintenance of surveillance over mutual funds, securities and capital markets ensuring orderly, fair and equitable dealings

Securities Commission of The Bahamas