This Friday, November 1, Trade Ministers from the 34 democracies participating in the Free Trade Area of the Americas (FTAA) process will meet in Quito, Ecuador to advance the negotiations … Read More
Author: @BahamasFSB
Worldwide Commitment to Anti-Terrorist Designations
**New Designations** On Wednesday of this week, the United States joined with Australia, Indonesia, the Philippines, Singapore and other Southeast Asian and European allies in notifying the United Nations that … Read More
Privatisation of Bahamas Telecommunications Company
**Invitation to Register Interest** The Bahamas Government launched its outreach for the partial sale of the local telecommunications company today, with advertisements appearing in the domestic and international media inviting … Read More
FirstCaribbean International Bank Commences Operations
FirstCaribbean International Bank Limited has commenced operations, following receipt of all the necessary approvals to proceed with the combination of the retail, corporate and offshore segments in the Caribbean region … Read More
Ship Registry Success Seen As Part Of Wider Appeal
**Maritime Board Named** Prime Minister Perry G. Christie yesterday named the new Bahamas Maritime Authority Board members, charging them with responsibility for monitoring maritime activity and increasing the Bahamas Ship … Read More
Domestic Trust Services
The Royal Bank of Canada recently launched its domestic trust service and already is reporting success – and good demand. In fact, Steve Sokic, Senior Manager of Royal Bank of … Read More
Tax Shelter Listings & Disclosure Regulations
The U.S. Treasury Department and the Internal Revenue Service have released amended “disclosure and list-maintenance” regulations, as part of ongoing efforts to address so-called abusive tax avoidance transactions. Specifically, the … Read More
Bahamas At Forefront of Regional Efforts In Anti-Money Laundering
In The Bahamas, as in the region, there is a determined effort to maintain the integrity of financial services industries. *”The Bahamas is serious about combating money laundering,”*says its Attorney … Read More
Indigenous Bahamian Enterprise Records Robust Growth In International Activities
Paul J.I. McWeeney Managing Director Bank of the Bahamas International **Market Diversification** The Bank of The Bahamas earlier this month took on a new corporate identity as it was renamed … Read More
Domestic Trust Market – Demand Steady
Fidelity Merchant Bank and Trust is increasing efforts to promote its trust services to Bahamians after having test marketed these products over the last two years. President Gregory Bethel feels … Read More