The International Monetary Fund (IMF) announced today that its Executive Board has approved a 12-month pilot project that *”significantly advances the IMF’s contribution to AML/CFT, the international efforts to combat … Read More
Author: @BahamasFSB
Fixed and Cellular Mobile Services
By Public Notice the Public Utilities Commission (PUC) has opened consultation on the issuing of “Fixed and Cellular Mobile Licences” to the Bahamas Telecommunications Company Limited (BTC). A notice appearing … Read More
Enabling Ebusiness Legislation Imminent
Within the next few weeks, the Government intends to present to Parliament legislation that will enable e-commerce and e-government to flourish in The Bahamas. Addressing delegates at the 47th Convention … Read More
Client Confidentiality Defended – UK & US Lawyers Take A Stand
The Legal Media Group reports that the legal profession is seeking to defend client confidentiality as plans proceed for implementation of the Sarbanes-Oxley Act, scheduled to take place by the … Read More
Service & Productivity Key To Long-term Sustainability
Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments *”The Government’s 5 Year Strategic Plan recognises the need for The Bahamas to “deepen its bench” if it intends to … Read More
BMA Seeking Technical Assistant
The Bahamas Maritime Authority, a Bahamian public corporation responsible for administering The Bahamas Shipping Register, is advertising for a Technical Assistant to be based in its London office. The Bahamas … Read More
Corporate Governance Practices
As part of its ongoing drive to strengthen corporate governance practices worldwide, the OECD today in Paris hosted a meeting of senior officials of key international organisations and representatives of … Read More
IRS Interest Reporting Regulation Continues To Draw Heat
**Coalition Speaks Out** The Washington, D.C.-based Coalition for Tax Competition is seeking the “immediate” withdrawal of IRS Regulation 133254-02. Yesterday in Washington, DC the Center for Freedom and Prosperity, joined … Read More
Fund Administrators Get Back Office Support
Derivatives Portfolio Management (Bahamas) Ltd. and Oceanic Fund Services have announced the formation of a service provider, Funds Clearing (Bahamas) Limited, to assist local fund administrators with a full range … Read More
U.S. International Tax Rules – Treasury Official Supports Reform
**Income Tax – International Rules** There is scope for reform of U.S. international tax rules, according to Kenneth W. Dam, Deputy Secretary at the U.S. Treasury. Speaking today at the … Read More