**Financial Centre Focus Programme** The Bahamas Financial Services Board (BFSB), in collaboration with local Professional Industry Associations, last year launched its “Financial Centre Focus” (FCF) programme. The FCF programme is … Read More
Author: @BahamasFSB
E-Business Offering Launched
This week, Citibank’s Global Corporate & Investment Bank introduced its Cash Management Solutions products, which include the Speed Collect and Smart Account. The former affords easy reconciliation of deposits with … Read More
Government Code of Ethics
The Hon. Perry G. Christie, M.P. Prime Minister Commonwealth of The Bahamas This past Wednesday in the House of Assembly, Prime Minister Christie tabled a Code of Ethics for government … Read More
Privatisation of Telecommunications Corporation
This past week the Hon. Perry G. Christie, Prime Minister and Minister of Finance, tabled a resolution in the House of Assembly to complete the privatisation of the Bahamas Telecommunications … Read More
Anti-Money Laundering Regime
Wendy C. Warren CEO & Executive Director Bahamas Financial Services Board **December 31, 2002 Deadline for KYC** The Government of The Bahamas, in response to requests from the nation’s financial … Read More
Industry Welcomes Ministry of Financial Services and Investments
In last month’s special “Elections Issue” of the BFSB Online Newsletter, we indicated that the governing Progressive Liberal Party (PLP) very early in its administration had addressed one of the … Read More
USA PATRIOT Act
As a response to September 11, the U.S. Congress passed the *”Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act”*. The legislation … Read More
Time To Move On
The so-called “blacklisting” of various jurisdictions by the Financial Stability Forum, the Financial Action Task Force and the Organisation for Economic Co-operation and Development has forced financial service providers into … Read More
Phasing Out Of Managed Banks On Target
The Central Bank of the Bahamas has said the phasing out of managed banks in The Bahamas is progressing in accordance with plans. Under the enhanced regulatory regime introduced by … Read More
EU Savings Tax Directive
The European Union first adopted a draft Directive on the taxation of savings back in June 2000, at a meeting of EU Finance Ministers. This was refined in November 2000, … Read More