Please be advised that The Automatic Exchange of Financial Account Information Act, 2016 (This Act came into force on the 1st day of January 2017) was assented to and has … Read More
Industry News
European Reunion Project
Malta’s Presidency of the Council of the European Union will herald the beginning of a European “reunion” project, Prime Minister Joseph Muscat said today in a New Year’s message to … Read More
OECD Provides AEOI Update – Over 1300 Bilateral Automatic Exchange Relationships in Place
The OECD today reports that a further 350 bilateral automatic exchange relationships have been established between over 50 jurisdictions committed to exchanging information automatically, pursuant to the OECD [Common Reporting … Read More
BEPS Action 4 Report to Curb International Tax Avoidance
The OECD has released an updated version of the 2015 BEPS Action 4 Report, which includes further guidance on two areas: the design and operation of the group ratio rule, … Read More
IBFS 2017: Responding to Change Through Innovation
The annual [International Business & Finance Summit](http://www.ibfsbahamas.com/ibfs2017/ ) (IBFS) will be held January 26-28, 2017 in the idyllic surroundings of Grand Bahama at the Lighthouse Pointe, The Grand Lucayan Resort. … Read More
The Bahamas Makes Progress in the Implementation of CRS
Minister of Financial Services the Hon. C.V. Hope Strachan reported today that [the Bill](https://bfsb-bahamas.com/news.php?cmd=view&id=3694&pre=y) to provide for the implementation of the Common Standard on Reporting and Due Diligence for Financial … Read More
EU Council on Money Laundering and Terrorist Financing
The Council has agreed its negotiating stance on strengthened EU rules to prevent money laundering and terrorist financing. Today the Permanent Representatives Committee, on behalf of the Council, asked the … Read More
FSB On Decline in Correspondent Banking
The Financial Stability Board (FSB) has released its latest progress report on the implementation of its four-point action to assess and address the decline in correspondence banking. The progress report … Read More
Monaco Ratifies The Convention on Mutual Administrative Assistance in Tax Matters
Today Monaco deposited its instrument of ratification for the [Convention on Mutual Administrative Assistance in Tax Matters](http://www.oecd.org/tax/exchange-of-tax-information/convention-on-mutual-administrative-assistance-in-tax-matters.htm), underling its commitment to fight tax evasion and avoidance. It is another important … Read More
Equipping Lawyers in Fight Against Corruption
The OECD has joined forces with the [International Bar Association](http://www.ibanet.org/) (IBA) to form a task force to develop professional conduct standards and practice guidance for lawyers involved in establishing and … Read More