March 8, 2021By @BahamasFSBBFSB News, Featured, Government, Industry News, Latest

The Bahamas Removed from the French List of Non-Cooperative States and Territories in Tax Matters. Source: Central Communications Unit, Ministry of Finance Date: March 8, 2021 Contact: The Government of France has removed The Bahamas from the French list of non-cooperative states and territories in tax matters. The list, which is updated annually by … Read More

BFSB Hosts Fintech 101 Seminar

January 25, 2018By @BahamasFSBBFSB News, Events, Featured, Industry News

On January 24, 2018 The Bahamas Financial Services Board (BFSB) and ALIV partnered to host a financial technology (FINTECH) seminar at The British Colonial Hilton. The event was well attended with over 170 persons representing over fifty member firms. In November 2017, BFSB created a FINTECH Working Group to explore the opportunities for the financial … Read More

S&P Affirms Bahamas Outlook is Stable

December 15, 2017By @BahamasFSBBFSB News, Featured, Industry News

Standard & Poor’s recently published a report on the Commonwealth of the Bahamas affirming its ‘BB+/B’ Ratings and deeming the country’s outlook as stable. RATINGS Foreign Currency: BB+/Stable/B — Local Currency: BB+/Stable/B OVERVIEW • Bahamian political institutions strongly responded to societal priorities in the 2017 election. • We expect the new administration’s solid mandate to … Read More

Bahamas Signs Multilateral Convention for Mutual Assistance in Tax Matters

December 15, 2017By @BahamasFSBBFSB News, Featured, Industry News, Tax Cooperation

With respect to the announcement that The Bahamas has formally acceded to The Multilateral Convention on the Mutual Administrative Assistance in Tax Matters (“The Multilateral Convention”), Th Bahamas Financial Services Board (BFSB) and Association of International Bank & Trust Companies (AIBT) acknowledge that arriving at this point has required much collaboration between the government and … Read More

BFSB hosts Timely Seminar on The Common Reporting Standard

December 13, 2017By @BahamasFSBBFSB News, Featured, Industry News, Tax Cooperation

The Bahamas Financial Services Board hosted a very timely seminar to assist financial institu-tions with meeting their obligations under The Common Reporting Standard (CRS). The seminar was held on Tuesday December 12, 2017 and was facilitated by Paul Davis, Partner of Higgs & Johnson law firm and Deputy Chairman of The Bahamas Financial Services Board. … Read More