*”The growth of E-Business places a greater premium on strategic thinking. Use of the Internet per se cannot render a competitive advantage; rather firms that are able to build an … Read More
Author: @BahamasFSB
AIBT – Self Regulating Industry Association
Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments Minister Maynard-Gibson presented remarks this afternoon on the occasion of the biannual meeting of the Association of International Banks & … Read More
Offshore Financial Centres Assessment
**Monitoring OFCs** The International Monetary Fund today issued a Public Information Notice (PIN) advising of the completion of a review by its Executive Board of the offshore financial centre (OFC) … Read More
Complete International Centre
Michael Paton Chairman Bahamas Financial Services Board A broadly-based and highly-skilled private sector creates a dynamic mix of banking, trust, fund administration, investment advisory and insurance services in The Bahamas. … Read More
Tax Information Exchange: Aruba & United States
Today Treasury Secretary Snow signed a new agreement with the Kingdom of the Netherlands that will allow for exchange of information on tax matters between the United States and Aruba. … Read More
The Bahamas: A “Blue-Chip” Centre For Financial Services
**The Hon. Allyson Maynard-Gibson, Minister of Financial Services and Investments** With the passage of new legislation and a renewed focus on the requirements of the private sector, The Bahamas is … Read More
Global ICT Ranking For The Bahamas
Earlier this week in Geneva, the International Telecommunications Union (ITU) released the results of the first global index to rank information and communication technology (ICT) access. Apart from Canada, ranked … Read More
Special Programme for Intermediaries in Nassau
The Bahamas Financial Services Board recently hosted its second "Special Programme for Intermediaries in Nassau" (SPIN). Through SPIN, it is our intention to complement the work of Bahamian practitioners who … Read More
FATF Intensifies Anti-terrorist Financing Campaign
The thirty three member body of the Financial Action Task Force (FATF) convened in Plenary Session in Stockholm during October to set global standards in the fight against money laundering … Read More
FATF Counter Measures for Non-cooperative Countries and Territories
In addition to the application of Recommendation 21, the FATF has published further counter-measures which it says *"should be gradual, proportionate and flexible regarding their means and taken in concerted … Read More