The Bahamas Telecommunications Corporation (BaTelCo) has launched its DSL system, providing subscribers high speed web access with the use of only one line. Technological partners in the venture are CISCO … Read More
Author: @BahamasFSB
Towards A Level Playing Field
**Use of Corporate Vehicles For Illicit Purposes** A new study issued August 5 warns that the Organisation for Economic Cooperation and Development (OECD), by overlooking its own member states, is … Read More
Private Sector Role – Developing The Bahamas Information Highway
The Bahamas Government will launch the sale of the Bahamas Telecommunications Corporation (BaTelCo) within the next two months. During Parliamentary Debate on the privatisation of the corporation, Minister of Financial … Read More
Bahamas AG To Chair CFATF
Bahamas Attorney General, the Hon. Alfred Sears, is slated to become the Chairman of the Caribbean Financial Action Task Force (CFATF) in October. The regional organisation has responsibility for establishing … Read More
Protecting Bahamian Insurance Investments
Bank of the Bahamas Trust and the Family Guardian insurance company have established a partnership, enabling the trust company to offer its future benefits trust products to Family Guardian policyholders. … Read More
Accounts Filing / Auditing Requirements – OECD Proposal
**Industry Input Invited** The Bahamas Government is consulting with the financial services industry on an OECD document relating to international requirements and information exchange; specifically, the development of standards for … Read More
Ministry’s Goal: Blue Chip, Well-Regulated Financial Centre
Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments The proposed five-year strategic plan for the financial services industry is expected to be presented by the Ministry of Financial … Read More
Annual Money Laundering Report – US Treasury
The US Treasury has released its 2002 National Anti-Money Laundering Strategy, detailing its plans to fight “dirty” money. The annual report, required by law, is a blueprint of how the … Read More
USA PATRIOT Act – Customer ID Programme
The Financial Crimes Enforcement Network (FinCEN) has released the Customer Identification Programme requirements proposed for US firms, under Section 326 of the *USA PATRIOT Act*. (see site link below) It … Read More
EU Savings Tax Directive
Center for Freedom and Prosperity (CFP) President Andrew F. Quinlan has reported that the Bush Administration is not expected to support US participation in the EU’s Savings Tax Directive. He … Read More