The Minister of Financial Services and Investments has tabled the outline for a “National Strategy on Financial Services” in the House of Assembly, indicating at the same time that her … Read More
Industry News
Insurance…Embracing Global Challenges
October is Insurance Month in The Bahamas, and the Planning Committee has organised a series of activities under the general theme “Insurance…Embracing Global Challenges”. During the annual “Insurance Month in … Read More
Corporate Governance – Theme of Annual Bahamas Investment Conference
The Counsellors have announced plans for the 4th Annual Bahamas Investment Conference to be held on October 19, 2002 at the British Colonial Hilton hotel. The conference addresses the need … Read More
Securities Commission Of The Bahamas: Pivotal Role Within Financial Services Industry
Last week Prime Minister Perry G. Christie announced the appointment of a new Board for the Securities Commission of the Bahamas (SCB). Noting that the securities industry represents an important … Read More
Streamlining KYC Rules For Real Estate Transactions
Addressing a local service club on Thursday of this week, the President of the Bahamas Real Estate Association said that during consultations with the new government ministry responsible for investments … Read More
Companies Registry – Fully Computerised Services On Target
Addressing a local industry association recently, the Minister of Financial Services and Investments confirmed that every effort is being made to fully computerise the Companies Registry by December 2002, and … Read More
Towards A Level Playing Field
**Use of Corporate Vehicles For Illicit Purposes** A new study issued August 5 warns that the Organisation for Economic Cooperation and Development (OECD), by overlooking its own member states, is … Read More
Accounts Filing / Auditing Requirements – OECD Proposal
**Industry Input Invited** The Bahamas Government is consulting with the financial services industry on an OECD document relating to international requirements and information exchange; specifically, the development of standards for … Read More
Ministry’s Goal: Blue Chip, Well-Regulated Financial Centre
Hon. Allyson Maynard-Gibson, M.P. Minister of Financial Services and Investments The proposed five-year strategic plan for the financial services industry is expected to be presented by the Ministry of Financial … Read More
Risk-Based Approach To Customer Relationships
A KYC Working Group in Switzerland has drafted an ordinance on behalf of the Swiss Federal Banking Commission, calling for stricter, risk-based due diligence on politically exposed persons and tougher … Read More