BRIEFING DOCUMENT PREPARED BY: BAHAMAS NATIONAL IDENTIFIED RISK FRAMEWORK COORDINATOR SEPTEMBER 24th, 2020 Executive Summary INTRODUCTION There have been tremendous efforts made to address all concerns of the CFATF and the FATF Regarding The Bahamas’ Anti Money laundering, counter financing of terrorism and counter proliferation (AML/CFT/CFP) framework – legislative, regulatory and enforcement landscapes have been … Read More
BFSB News
Ministry of Financial Services, Trade & Industry and Immigration Virtual Symposium
The Ministry of Financial Services, Trade & Industry and Immigration hosted a successful and engaging virtual symposium on 20th May, 2020 under the theme “An Opportunity for Advancement, Innovation and Creativity”. The purpose of this symposium was to inform industry stakeholders of the Ministry’s initiatives to address the COVID-19 crisis and to engage discussions on … Read More
Q&A on the EU Listing of The Bahamas
The Office of the Attorney General of The Bahamas today issued a Q & A Document outlining the stated criteria for the proposed inclusion of The Bahamas on a recent European Union listing and The Bahamas response.
JUST PUBLISHED: BFSB Newsletter Issue 01
Our Response to COVID-19
Ministry of Finance Statement: European Union removes The Bahamas from tax watchlist
‘The Bahamas’ financial services industry is stable and governed by a sound regulatory regime’ The European Union’s Economic and Financial Affairs Council completely removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes, at their meeting in Brussels today. In a statement this morning, the EU confirmed that The Bahamas has implemented the … Read More
AIBT & BFSB Joint Response – The Bahamas Off the EU Blacklist
BFSB and AIBT welcome the news of The European Union’s Economic and Financial Affairs Council’s complete removal of The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes, at their meeting in Brussels today. This was done in recognition of The Bahamas having implemented all of the necessary reforms to meet the EU criteria … Read More
Bahamas Open for Business as Financial Services Sector Turns Sights on Middle Eastern and Northern African Market
The Bahamas Financial Services Board in collaboration with the Ministry of Financial Services hosted a successful briefing in Dubai, UAE on Monday November 18th. The Hon. Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigration, who led the Bahamas delegation, in his opening address informed attendees that: “Bahamians are warm people who value … Read More
Bahamas Financial Services Board Sponsors STEP Arabia in Dubai
The Bahamas Financial Services Board and The Ministry of Financial Services attended the Society of Trust & Estate Practitioners Conference on Sunday November 17th on onboard the historical Queen Elizabeth 2 which is permanently moored in Port Rashid, Dubai. The conference was well attended with over one hundred and thirty-five registered delegates. The delegates were … Read More
Bahamas Financial Services Industry tells the LatAm Market that The Bahamas is Open for Business whilst hosting two events in Brazil
The Bahamas Financial Services Board in collaboration with the Ministry of Financial Services hosted two successful briefings in Rio De Janeiro and Sao Paulo, Brazil on October 14th and 17th. The Hon. Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigration addressed attendees and reaffirmed that The Bahamas is open for business and … Read More