In follow up to ongoing communication to members on the status of pending financial services industry legislation, BFSB has scheduled a Legislative Briefing for July 3rd. This Briefing is part … Read More
Author: @BahamasFSB
BFSB Hosts Successful European Briefing Visit
A Bahamas Financial Services Board (BFSB) team met with 45 institutions/firms and more than 200 intermediaries during its recently completed two-week European briefing visit. The BFSB group traveled to Vienna, … Read More
US Sees Economic Strengthening: Commits To Global Prosperity
US Treasury Secretary John Show presented Opening Remarks at Money Magazine’s “Money Summit” sponsored recently in New York. He took the opportunity to comment on the current state of the … Read More
E-Commerce Legislation Enacted
***”E-capability is essential in the provision of financial services.”*** The Hon. Allyson Maynard-Gibson, Minister of Financial Services and Investments. The Ministry of Financial Services and Investments has been given responsibility … Read More
Centre of Excellence For Private Banking & Trusts
The Royal Bank Financial Group is completing restructuring operations in the United States-Caribbean region, aimed at creating a single management team and consolidating specific functions in selected locations. Royal Bank … Read More
New Anti-Money Laundering Standards
The Financial Action Task Force (FATF) concluded a Plenary meeting in Berlin today, and issued its revised Forty Recommendations to combat money laundering. This was the Task Force’s final Plenary … Read More
FATF Plenary Report
At a news conference today, officials of the Financial Action Task Force released information on its 14th Annual Report, submitted to the Plenary held June 18-20, in Berlin. **New Members** … Read More
The Bahamas: Viable Choice For Provision of Financial Services
**Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments** Minister Allyson Maynard-Gibson was one of the keynote presenters at the recent CEO Network Conference, hosted in The Bahamas. The … Read More
Premier Investment Climate
***”…investors, Bahamian and non-Bahamian, have great confidence in the investment climate created by our policies and approach.”*** The Hon. Allyson Maynard-Gibson, M.P., Minister of Financial Services and Investments. In her … Read More
BTC Signs GSM Deal
The Bahamas Telecommunications Company (BTC) has signed a Global System for Mobile Communication (GSM) contract with the Canada-based Nortel Networks, to upgrade cellular services in The Bahamas. The Nortel Networks … Read More