At the close of business on December 31st, the Bank of Butterfield became a *”billion-dollar bank”* when its stock price gained $1.50 on the Bermuda Stock Exchange to close at … Read More
Author: @BahamasFSB
Anti-Terrorism and Money Laundering Information Exchange
**Industry Partnership Results in Valuable Investigative Leads** Section 314 of the USA Patriot Act authorises law enforcement authorities to communicate with financial institutions about suspected money launderers and terrorists, and … Read More
Seasons Greetings
**Greetings from the Bahamas Financial Services Board** May the New Year bring prosperity and joy!
Maritime Security: Issues of Transparency
The Maritime Transport Committee (MTC) of the Organisation for Economic Co-operation and Development (OECD) has issued a Discussion Paper on “Maritime Security – Ownership and Control of Ships: Options to … Read More
BISX Attracts Funds Listings
**Four Funds with $90 million in net assets listed on BISX** The *Emerging Value Opportunities Fund Ltd.*, the *Gazinvest Fund Ltd.*, the *Ukraine Value Opportunities Fund Ltd.* and the *Post … Read More
New Investment Funds Legislation
**Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments** Enhancing the present regulatory framework, providing for greater market efficiency, transparency and investor protection, the ***Investment Funds Act 2003*** came … Read More
Specialist Training for Banking Professionals
FirstCaribbean International Bank has signed a Memorandum of Understanding (MOU) with the College of The Bahamas (COB) on a programme to support the creation and delivery of specialist training for … Read More
Financial Services Information Sharing and Analysis Centre
Today in Washington, D.C., the Acting Under Secretary of the Treasury for Domestic Finance, Brian Roseboro, presented remarks at the launch of the so-called “next generation” Financial Services Information Sharing … Read More
Bank of Butterfield Acquires Mutual Bank of the Caribbean
In Hamilton, Bermuda last week The Bank of N.T. Butterfield & Son Limited announced its acquisition of the entire share capital of The Mutual Bank of The Caribbean Inc., a … Read More
Bahamas Rates ‘A-/A-2’ Sovereign Credit & Stable Outlook
Standard & Poor’s announced in New York yesterday that its Ratings Services had assigned ‘A-‘ long-term and ‘A-2’ short-term Sovereign Credit Ratings to The Commonwealth of The Bahamas. The outlook … Read More