Cayman’s [Ministry of Financial Services, Commerce & Environment ](http://www.caymanfinance.gov.ky/portal/page/portal/pruhome)has invited public comments on the Companies (Amendment) Bill, 2017, a key legislative amendment that would allow Cayman to develop a centralised … Read More
Industry News
BFSB Recognises 2016 Stars of the Industry
On November 18th, in the Grand Ballroom of the Melia Cable Beach Resort, the Bahamas Financial Services Board (BFSB) paid tribute to the contribution of a number of industry professionals … Read More
Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will implement a series of tax treaty measures to update international tax rules and lessen the opportunity for … Read More
Common Reporting Standard Implementation in The Bahamas
The Bahamas Financial Services Board (BFSB) and The Association of International Banks and Trust Companies (AIBT), along with industry stakeholders, today held a consultative session with The Official Opposition to … Read More
European Parliament – Automatic Exchange of Bank Account Information
Members of the European parliament (MEPs) [have approved plans](http://www.europarl.europa.eu/news/en/news-room/20161117IPR51550/tax-evasion-meps-back-automatic-exchange-of-bank-data-to-track-account-owners) to allow European tax authorities to automatically share certain information about bank account holders in order to prevent tax evasion and … Read More
St. Lucia Expands Capacity to Fight International Tax Avoidance and Evasion
Saint Lucia has signed the [Multilateral Convention on Mutual Administrative Assistance in Tax Matters](http://www.oecd.org/ctp/exchange-of-tax-information/convention-on-mutual-administrative-assistance-in-tax-matters.htm?utm_source=Adestra&utm_medium=email&utm_content=Multilateral%20Convention%20on%20Mutual%20Administrative%20Assistance%20in%20Tax%20Matters&utm_campaign=Tax%20News%20Alert%2021-11-2016&utm_term=demo), becoming the 107th jurisdictions to join the Convention. The Convention was developed jointly by the OECD … Read More
BFSB Board Elects Officers for 2016-2018 Term
The Board of Directors of the Bahamas Financial Services Board (BFSB) today elected its officers for the 2016-2018 period. They are: **Chairperson**: Ms. Antoinette Russell, Credit Suisse Trust **Deputy Chairman**: … Read More
Americas Securities Regulators Meet in The Bahamas
The [Securities Commission of The Bahamas](http://www.scb.gov.bs) last week hosted securities regulators from 18 jurisdictions across the Americas to discuss cross-cutting securities regulatory matters, further developing the capital markets regulator’s regional … Read More
European Council: Criteria for Screening Third Country Jurisdictions
The European Council has agreed both the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. It is anticipated that the Council … Read More
EU Tax Authorities to Gain Access to Beneficial Ownership Information
The European Council has reached agreement on a proposal granting access for tax authorities to information held by authorities responsible for the prevention of money laundering. The directive requires member … Read More