BFSB’s 2001 European Briefing sessions, originally scheduled during June, have now been rescheduled for September, with an added component into North America during the beginning of October: European Sessions – … Read More
Author: @BahamasFSB
Bahamian IBC: In Compliance With International Best Practices, And A Legitimate Vehicle For International Business
The Bahamas introduced a new International Business Companies Act, 2000 on December 29, 2000. This Act was introduced as the Government sought to address legitimate concerns raised by the FSF … Read More
FATF to Publish Report on Non-Cooperative Countries and Territories
The Secretariat of the Financial Action Task Force on Money Laundering (FATF) has announced that it will issue a new report updating its findings on the non-cooperative countries and territories … Read More
The Bahamas Telecommunications System: Well Positioned For Redundancy, High Speed and Substantial Bandwidth
Americas Region Caribbean Optical-Ring System (ARCOS) In Testing Phase The ring system planned to connect the United States market with New Providence, two southern islands in the Bahamas, three Caribbean … Read More
Largest Bahamian Owned Bank Records Impressive Performance
At is Annual General Meeting held in May, Commonwealth Bank announced assets of some $619 million at the end of the first quarter, already a $29 million increase over asset … Read More
79-Year Old Real Estate Company Continues To Expand
H.G. Christie Ltd. has opened a district office in Freeport, in recognition of that island’s potential as a “great investment opportunity”, with plans for the opening of a sixth location … Read More
Linking 3 Countries In A VPN
Local international bank software developer Data Systems International has installed its first Internet-based IPBS2000 banking solution, linking three countries in a Virtual Private Network. The Brazilian owned Trend Bank Ltd. … Read More
Economic Features Considered Key Component Of National Budget
Sir William Allen Minister of Finance Bahamas Finance Minister, Sir William Allen, has opened debate in the House of Assembly on the 2001-2002 National Budget. He pointed out that public … Read More
US Private Wealth Group Service Launched
US Private Wealth Group Service Launched The Global Private Banking Department of the Royal Bank of Canada recently introduced a new U.S. Private Wealth Group service, described by Prime Minister … Read More
Commencing E-Government In The Bahamas
The last decade of the twentieth century may well be described as the decade of the information highway. A globalised economy is triggering increased opportunities, particularly in the area of … Read More