International Issues

The Financial Action Task Force (FATF) concluded a Plenary meeting in Berlin today, and issued its revised Forty Recommendations to combat money laundering. This was the Task Force’s final Plenary … Read More

At a news conference today, officials of the Financial Action Task Force released information on its 14th Annual Report, submitted to the Plenary held June 18-20, in Berlin. **New Members** … Read More

In a press release issued from its Paris headquarters this morning, the Financial Action Task Force (FATF) confirmed that next week it will hold its final plenary meeting under the … Read More

Last week in Luxembourg, EU Finance Ministers reached an agreement on the savings tax directive after nearly 14 years of deadlock. The accord is aimed at stamping out cross border … Read More

**Hon. Alfred Sears, M.P.** Participating in a Business Seminar hosted by the Bahamas Institute of Financial Services on Monday, the Hon. Alfred Sears, Attorney General and Minister of Education, reviewed … Read More

The US Treasury Department released a statement today on its “Offshore Initiative”, indicating that it has been effective in bringing taxpayers back into compliance with the law. Assistant Secretary for … Read More

Foreign bank and financial account reporting now comes under the authority of the Internal Revenue Service as a result of a “Memorandum of Agreement” with the US Treasury Department’s Financial … Read More

The International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund (IMF) held its seventh meeting in Washington, D.C. last week. The Committee welcomed the … Read More

The Hon. Frederick A. Mitchell Minister of Foreign Affairs On the occasion of the 6th anniversary of international trade relations between The Bahamas and China, the countries have signed a … Read More

**Information Exchange** The United States and Antigua and Barbuda have exchanged diplomatic notes that bring into force the agreement for exchange of information with respect to taxes between the two … Read More