In an effort to enhance the Financial Services Sector, the Government of The Bahamas is developing a new framework aimed at strengthening industry regulations and protecting revenues to the Public Treasury. By demonstrating our commitment to global standards, we are working to maintain The Bahamas’ competitive edge as a global leader in the financial services … Read More
BFSB News
BFSB & Minister Symonette Visits Swiss Financial Institutions with a Presence in The Bahamas and Hosts Bahamas Forum in London
Hon. Brent Symonette, Minister of Financial Services, Immigration, Trade and Industry recently along with Tanya McCartney, CEO and Executive Director of The Bahamas Financial Services Board , Mr. Michael Paton, Deputy Chairman of the Securities Commission of the Bahamas and past Chairman of BFSB, Mr. Ivan Hooper , Co-Chairman of The Association of International Banks … Read More
The Bahamas Securities Industry Reforms Near Completion
By: Christina Rolle, Executive Director, Securities Commission Of The Bahamas A complete overhaul of legislation governing The Bahamas’ investment funds industry is nearing completion, announced Christina Rolle, executive director of the Securities Commission of the Bahamas (SCB) at the annual briefing for the Bahamian securities and investment funds industries earlier this month. The overhaul includes … Read More
Bahamas Financial Services Board Hosts 20th Anniversary Fun, Run, Walk
The Bahamas Financial Services Board hosted its first ever Fun, Run, Walk on Saturday October 20th. The race was one of several events planned for the month of October to celebrate BFSBS’s 20th Anniversary. The fun, run, walk started promptly at 6am at Arawak Cay. Participants started at the western entrance of Arawak Cay, headed … Read More
Bahamas Financial Services Board Hosts Reception at STEP LATAM Conference 2018 In Mexico City
The Bahamas Financial Services Board hosted a successful briefing session and cocktail reception during the Society of Trust and Estate Practitioners Conference in Mexico City. The event took place on Thursday October 4th at the Hyatt Regency Hotel. Hosted at the end of the first conference day, the event was well attended by over one … Read More
Bahamas Financial Services Board Attends STEP LatAm 2018 Conference
The Bahamas Financial Services Board attended the Society of Trust and Estate Practitioners LATAM Conference 2018 in Mexico City, Mexico on October 4th-5th. The STEP LATAM Conference 2018 was held at the Hyatt Regency in Mexico City. In attendance were over three hundred delegates from all around the world. The Bahamas was well represented with … Read More
The Bahamas Financial Services Board Hosts Webinar for Brazilian Market
The Bahamas Financial Services Board hosted a webinar for intermediaries and service providers in Brazil on Tuesday September 26th at the Island House. The webinar entitled The Bahamas Financial Services Update was geared towards the Brazilian market. Live, video-linked, participants signed on from different parts of Brazil including Rio and Sao Paulo. They were able … Read More
19th ANNUAL GENERAL MEETING 2018
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
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
FTRA Regulations 2018 & Appointed Day Notice
Please find attached the gazetted Financial Transactions Reporting Regulations, 2018 and the appointed day notice bringing the Regulations into operation on June 11th, 2018. Financial Transactions Regulations. 2018 FFT Regulations Appointed Day Notice