Events

Events, Industry News

HALF DAY WORKSHOP – GLOBAL TAX ENFORCEMENT

BFSB will be hosting a half day workshop at The Melia Nassau Beach Resort on Wednesday, November 29th, 2017 from 8:00am to 2:00pm. WHAT WILL BE COVERED IN THE HALF DAY WORKSHOP? Global tax enforcement environment beyond technical compliance with FATCA and the CRS; Using the guidance from the U.K. Criminal Finances Act to establish a global anti-tax evasion program; Conducting an anti-tax evasion risk assessment; Combatting offshore tax evasion without being an expert in every country’s tax laws; How “red flags” for offshore tax evasion and money laundering may differ; Risks associated with advice relating to moving relationships to the USA to avoid CRS reporting; and Recommendations for compliance with an eye toward establishing defenses should a regulatory issue or investigation arise. WHO ARE THE FACILITATORS? The speakers for this conference previously worked for U.S. tax and financial crime enforcement authorities and have a wealth of legal and consulting experience working for financial institutions and individuals. They regularly provide compliance advice relating to financial crime matters: Caroline Ciraolo, U.S. lawyer and Partner with Kostelanetz & Fink (law firm), former Acting Assistant Attorney General for the U.S. Department of Justice Tax Division. Richard Kando, Certified Public Accountant and Managing Director with AlixPartners (consulting firm), former Special Agent for the Internal Revenue Service – Criminal Investigation. Jay Nanavati, U.S. lawyer and Partner with Kostelanetz & Fink (law firm), former federal and state prosecutor, previously served as assistant chief for Department of Justice Tax Division. Registration Deadline is Monday, November 27, 2017. REGISTER NOW for this half-day workshop that will add value to your institutions. Documents Global Tax Enforcement Workshop Flyer and Registration

BFSB News, Events, Industry News

BFSB Hosts Landfall in Montreal and Toronto Canada

BFSB hosted landfall events on May 30th and 31st in Montreal and Toronto, Canada respectively.The Montreal landfall event was co-hosted by BFSB and the law firm DeGrandPre Chait. Mr. Stephen Solomon who is a partner with the firm spoke in January at BFSB’s International Business and Finance Summit in Grand Bahama. It was at this time, that it was agreed that there were opportunities for local service providers in the Canadian market. During the Montreal event Stephen spoke of the Bahamas advantage from the Canadian perspective. The Montreal event began with a breakfast presentation at Le Hotel Crystal. This was followed by a luncheon event at The Toronto Board of Trade. Canadian attorney Lorne Saltman of Gardner Roberts provided insights in to the Canadian legal and regulatory environment in Toronto and shared some views on what Bahamian financial services firms can do to attract Canadian business. In addition to the landfall events which took the format of a seminar, private meetings were held with Canadian service providers to outline the products and services offered as well as to share The Bahamas value proposition. For the first time, ever, there was a live broadcast from the BFSB Landfall events. The radio show Z-Live hosted by Mr. Zhivargo Laing (Guardian 96.9 FM) broadcasted from Montreal and Toronto for three days. Approximately 150 persons collectively attended the Canada landfall events. Our presenters at the Landfall events included: Mrs. Latonia Symonette-Tinker, Consultant at the Ministry of Financial Services Mrs. Linda Beidler-D’Aguilar, Glinton Sweeting O’Brien, who presented on Family Offices Mr. Nick Damianos, Damianos Sotheby’s who presented on the advantages of the Bahamas as a Location Mr. Michael Dean, Equity Bank & Trust Company, who provided an overview of the Bahamas Investment Funds offerings Mr. Mike Unwin, RBC Wealth Management, who outlined the asset management services provided Miss. Deidree Bain, SMP Partners (Bahamas) Limited, who examined the tools available to a family office Mr. David Kosoy, Sterling Financial Group, who focused on private banking Mrs. Khrystle Rutherford- Ferguson of the Chamber of Commerce, who spoke on the Business environment in The Bahamas The success of the event was evidenced by the excellent attendance as well as the business leads gained by those member firms in attendance. The Bahamas Ministry of Tourism through its Bahamas Tourist Office as well as the Bahamas High commission to Canada also supported the event.

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