The Bahamas Financial Services Board hosted a webinar for intermediaries and service providers in Brazil on Tuesday September 26th at the Island House. The webinar entitled The Bahamas Financial Services Update was geared towards the Brazilian market. Live, video-linked, participants signed on from different parts of Brazil including Rio and Sao Paulo. They were able to interact real time with the presenters, submitting questions and gaining feedback. There has been regulatory as well as product development in the jurisdiction over the past year and this medium was used to provide updated to this important market for our financial services industry.

Pictured (left to right): Heather Thompson, H&J; Linda D’Aguilar, GSO; Aliya Allen, GTC and Tanya McCartney, BFSB

Webinar participants heard from presenters Mrs. Linda D’Aguilar, Partner, Glinton Sweeting O’Brien who spoke on Investment Funds in The Bahamas: Regulatory Update and Practical Applications; Heather Thompson, Of Counsel in the firm of Higgs & Johnson who focused on Family Offices and Miss Aliya Allen, Partner, Graham Thompson Attorneys who addressed the issue of Post Amnesty Structuring.

BFSB CEO and Executive Director Tanya McCartney moderated the event and she noted that, “ The Brazilian market is very important to us as we focus on Latin America. While we have hosted events in Sao Paulo and Rio De Janeiro we thought it appropriate to provide a regulatory update at this time due to the number of international initiatives impacting the sector, the fact that we are currently reviewing our investment funds regime and the recently passed Commercial Enterprises Act. The reality is that more persons are considering The Bahamas as an ideal location to create substance for their businesses.”

The Brazil Webinar proved to be an effective form of engagement as participants were able to ask questions and receive feedback from presenters in real time. BFSB has received positive feedback from participants after the event, “very timely and innovative”, wrote one participant.