**The Hon. James Smith, CBE Minister of State for Finance Ministry of Finance** The move towards more wealth creation, wider distribution of corporate ownership and increased efficiencies in the allocation … Read More
Author: @BahamasFSB
BFSB Presents Financial Planning Seminar
The Bahamas Financial Services Board will host a 1 day seminar on Financial Planning as part of the upcoming ShowCase Bahamas promotion. The seminar is being held on Saturday … Read More
Policy Guidelines On Switzerland’s Financial Centre
Switzerland’s Federal Department of Finance recognises that a *”well-tuned and transparent policy on questions relating to the financial centre”* contribute significantly to that country’s success as a business location. Accordingly, … Read More
Abaco’s Rapid Economic Growth
The island of Abaco is said to be experiencing unprecedented growth and is now the third most active economy in The Bahamas with significant contributions from agriculture, fisheries, tourism and … Read More
Fighting Money Laundering – Strategic Plan
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is inviting views and comments on its Draft FY 2003-2008 Strategic Plan. According to James E. Sloan, FinCEN’s Director, the document … Read More
Offshore Bank Apprenticeship Programme
The ongoing Apprenticeship Program offered by Credit Suisse provides opportunities for young Bahamians to gain practical career skills along with academic theory. The programme involves a three-year scholarship, affording selected … Read More
New Private Banking Centre
Scotiabank (Bahamas) is in the process of establishing a “Private Banking Centre” in downtown Nassau. Reportedly, this latest addition to Scotiabank’s financial services offerings in The Bahamas will target a … Read More
Policy Development – Integral To Banking Sector Supervision
Adding to the offsite surveillance and onsite inspection pillars of its supervisory and regulatory framework, the Bank Supervision Department of the Central Bank of The Bahamas also has a dedicated … Read More
Strengthened Supervisory Environment:
Despite the recent global economic slowdown, the just-released IMF Staff Report for 2003 on The Bahamas recognizes the country’s long track record of prudent macroeconomic management and financial stability. This … Read More
Offshore Voluntary Compliance Initiative – Strong Results
The Internal Revenue Service announced in Washington yesterday that it continues to see a “strong response” to its Offshore Voluntary Compliance Initiative (OVCI), with more than $75 million in taxes … Read More