19th ANNUAL GENERAL MEETING 2018

September 21, 2018By @BahamasFSBBFSB News, Latest

The Bahamas Financial Services Board (BFSB) hosted its nineteenth (19th) Annual General Meeting (AGM) in the Victoria Room of the British Colonial Hilton Hotel on Wednesday September 19th. The Deputy Prime Minister and Minister of Finance K Peter Turnquest gave the keynote address at the AGM. He updated attendees on the status of our international … Read More

Central Bank AML/CFT Guidelines

September 21, 2018By @BahamasFSBBFSB News, Industry News

On August 29th, 2018 The Central bank issued new AML/CFT Guidelines for Supervised Financial Institutions (SFIs). These Guidelines incorporate both the mandatory minimum requirements of the AML/CFT laws of The Bahamas and industry best practices and are enforceable by virtue of regulation 8 of the Financial Intelligence (Transactions Reporting) Regulations 2001. All SFIs of the … Read More

The Bahamas List of AEOI/CRS Exchange Partners

June 22, 2018By @BahamasFSBBFSB News, Tax Co-operation, Tax Cooperation

Please be advised that the Competent Authority has today released a list of the exchange partners for  The Bahamas with respect to the Automatic Exchange of Information/Common Reporting Standard.  Provided below for your information. It can also be accessed on the Bahamas Tax Reporting website: www.taxreporting.finance.gov.bs Click here to Download (PDF) Should you have questions please … Read More

Transformation of the Financial Services Sector: Education & Improved Ease of Doing Business

June 19, 2018By @BahamasFSBBFSB News, Budget, Education & Training, Government, Industry News, Latest

The Bahamas government is allocating resources to facilitate the transformation of the financial services sector. The 2018/2019 fiscal budget was passed in the House of Assembly on June 18th, 2018. In his contribution to the budget debate to the Bahamian Parliament, The Honourable T. Brent Symonette, the Bahamas Minister of Financial Services, Trade & Industry … Read More

The Bahamas is officially off the EU List

May 25, 2018By @BahamasFSBBFSB News, Industry News

Technical working group demonstrated excellent coordination and cooperation leading to positive outcome for The Bahamas Source: Ministry of Finance (MOF) Author: Central Communications Unit (CCU), MOF Date: May 25, 2018 Contact: MOFComms@bahamas.gov.bs The Bahamas was removed from the European Union’s (EU) list of Non-Cooperative Jurisdictions for Tax Purposes following a positive technical recommendation from the … Read More

BFSB and Graham Thompson Host Industry Development Series II

May 17, 2018By @BahamasFSBBFSB News, Education & Training, Industry News

The Bahamas Financial Services Board in collaboration with member firm Graham Thompson, Counsel and Attorneys – at- Law, hosted a workshop on International Initiatives Impacting the Financial Services Sector as a part of its Industry Development Series II at the British Colonial Hilton om Thursday May 17th, 2018. Opening remarks were given by the Attorney … Read More

Bahamas Financial Services Board Attends Trust Conference in Barbados

May 14, 2018By @BahamasFSBBFSB News, Industry News

The Bahamas Financial Services Board attended the annual Society of Trust and Estate Practitioners (STEP) Caribbean Conference in Bridgetown, Barbados May 7th -9th under the theme “Fast Forward: Future Thinking.” STEP is the global professional association for practitioners who specialise in family inheritance and succession planning. The organisation works to improve public understanding of the … Read More