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
BFSB News
Transformation of the Financial Services Sector: Education & Improved Ease of Doing Business
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, The Honourable T. Brent Symonette outlined plans to accelerate the pace of Human Capital Development and to improve … Read More
2018/2019 Budget Communication by the Minister of Financial Services, Trade & Industry, and Immigration
Minister Brent Symonette 2018-2019 Budget Contribution delivered Wednesday, 13th June, 2018
VIDEO: Bahamas Financial Services Minister Speaks Out
The Bahamas is officially off the EU List
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
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
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
Bahamas Financial Services Board And The Insurance Commission Of The Bahamas Board Attend “RIMS” 2018 In Texas
The Bahamas Financial Services Board attended the annual Risk Management Society (RIMS) conference under the theme “Go Big or Go Home” in San Antonio, Texas on April 16th-19th. The RIMS annual conference and exhibition is the premier event for the risk management and insurance community. There were over ten thousand delegates from around the world … Read More
Financial Services Regulators to Host AML/CFT Risk Management Conference
The Central Bank of The Bahamas has announced that it will host along with The Group of Financial Services Regulators of The Bahamas, The 2018 National AML/CFT Risk Management Conference. The Governor of the Central Bank of The Bahamas in making the announcement stated that “We at the Central Bank of The Bahamas are pleased … Read More
Recommended that Bahamas Be Removed from EU List of Non-Cooperative Jurisdictions
Source: Ministry of Finance The European Union Code of Conduct Group has officially recommended the Bahamas’ removal from the list of non-cooperative jurisdictions for tax purposes. The Government received confirmation of this in writing on April 17, 2018 from the Secretariat of the Code of Conduct Group. At its meeting on April 12, 2018, Member … Read More