The Central Bank of The Bahamas has announced that it will host along with The Group of Financial Services Regulators of The Bahamas, The 2018 National AML/CFT Risk Management Conference. The Governor of the Central Bank of The Bahamas in making the announcement stated that “We at the Central Bank of The Bahamas are pleased … Read More
Author: @BahamasFSB
Recommended that Bahamas Be Removed from EU List of Non-Cooperative Jurisdictions
Source: Ministry of Finance The European Union Code of Conduct Group has officially recommended the Bahamas’ removal from the list of non-cooperative jurisdictions for tax purposes. The Government received confirmation of this in writing on April 17, 2018 from the Secretariat of the Code of Conduct Group. At its meeting on April 12, 2018, Member … Read More
CRS Implementation Handbook 2nd Edition Issued By OECD
On April 5th, 2018 The OECD released the second edition of the Common Reporting Standard Implementation Handbook. Financial Institutions are encouraged to consult the CRS Implementation Handbook and CRS-related FAQs, which are published on the OECD website as they prepare for reporting: CRS Implementation Handbook 2nd Edition The Handbook provides practical guidance to assist government … Read More
The Bahamas’ Expects Removal from the EU List of Non-Cooperative Jurisdictions for Tax Purposes
Bahamas Financial Services Board Attends Captive Insurance Conference
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
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
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 To Host Annual International Business & Finance Summit (IBFS)
BFSB will host its 2018 International Business and Finance Summit (IBFS) under the theme “Hitting the Reset Button” here in Nassau on Friday March 2nd at The Baha Mar Resort. This event will give industry stakeholders as well as the general public the opportunity to gain insights into the initiatives impacting the financial services sector … Read More
BFSB Hosts Fintech 101 Seminar
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
Bahamas AEOI/CRS Guidance Notes
Final AEOI/CRS Guidance Notes received from The Ministry of Finance for public dissemination. Documents BAHAMAS AEOI/CRS GUIDANCE NOTES