An International Monetary Fund (IMF) team led by Jarkko Turunen visited The Bahamas from March 10–23 to conduct discussions for the 2016 Article IV consultation. Click [here](http://www.imf.org/external/np/ms/2016/032316.htm) for the Concluding … Read More
International Issues
Standardised Electronic Format for the Exchange of BEPS Country-by-Country Reports
The OECD today released its standardised electronic format for the exchange of Country-by-Country (CbC) Reports between jurisdictions – [the CbC XML Schema – as well as the related User Guide](http://www.oecd.org/tax/country-by-country-reporting-xml-schema-user-guide-for-tax-administrations-and-taxpayers.htm). … Read More
Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies
Today, the Financial Crimes Enforcement Network (US Department of The Treasury) issued an advisory ([FIN-2016-A002](https://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2016-A002.pdf)) on last month’s updated FATF lists. As part of the FATF’s listing and monitoring process … Read More
Scotiabank Bahamas – Best Emerging Markets Bank
[Global Finance](http://GFMag.com) magazine today [named](https://www.gfmag.com/media/press-releases/global-finance-names-worlds-best-banks-2016) the World’s Best Emerging Markets Banks in Latin America. The exclusive survey will be published in its May 2016 issue. Global Finance editors – with … Read More
New Global Forum Peer Reviews
The [Global Forum on Transparency and Exchange of Information for Tax Purpose](http://www.oecd.org/tax/transparency/)s today published 10 new Peer Review reports. The release from the world’s leading forum on tax transparency says … Read More
Deepening the Engagement to Implement the BEPS Package
The OECD recently hosted meetings of the [Task Force on Tax and Development](http://www.oecd.org/ctp/tax-global/taxanddevelopment.htm) and the [Global Forum on Transfer Pricing](http://www.oecd.org/tax/transfer-pricing/global-forum-transfer-pricing.htm), with participants representing 84 jurisdictions and 11 international and regional … Read More
G20 Calls on FATF to Intensify Efforts To Tackle Terrorist Financing
Meeting in Shanghai, G20 Finance Ministers and Central Bank Governors have resolved to combat terrorist financing and called on the Financial Action Task Force (FATF) to intensify efforts to identify … Read More
Guidance for Risk-Based Approach for Money or Value Transfer Services
The risk-based approach (RBA) is central to the effective implementation of the revised FATF International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation, which were adopted … Read More
BEPS Associates – Global Efforts Led by the OECD and G20 to Close International Tax Loopholes
The OECD has agreed a new framework to allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for … Read More
FATF Plenary – Plenary Year FATF-XXVII
The third [FATF](http://www.fatf-gafi.org/) Plenary meeting of Plenary Year FATF-XXVII was held in Paris, 17-19 February. The [main issues](http://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-plenary-february-2016.html) dealt with were: * Work on terrorist financing, which remains the top … Read More