The Financial Action Task Force (FATF) announced today plans for its first Plenary since adopting the Plan of Action to combat terrorist financing. To be held in Hong Kong 30 … Read More
International Issues
Fighting Cyber Crime
The Use Of Information And Communications Technology In The Commission Of Crime. The British High Commissioner to the Bahamas recently addressed a local Rotary Club on what he described as*”probably … Read More
Study Finds Dirty Money Is More Likely To Be In High-Tax Nations Than Tax Havens
The Washington-based Center for Freedom and Prosperity Foundation this week released a study, reportedly based on government data, demonstrating that there is no link between so-called tax havens and money … Read More
Canadian Taxation of Offshore Trusts & Foreign Investment Entities
There has been a one-year delay announced in the effective date for Canadian income tax proposals relating to non-resident trusts and foreign investment entities. Draft income tax legislation to implement … Read More
Anti Money Laundering Seen As Integral Part Of Fight Against Drug Terrorists
Addressing a US-Bahamas Narcotics Joint Task Force Meeting during December, the newly appointed American Ambassador to the Bahamas, Richard Blankenship, indicated that the fight against drug trafficking includes not just … Read More
Bahamas Attorney General Elected Deputy Chairman of CFATF
The Hon. Carl Bethel Attorney General & Minister of Justice The Attorney General of The Bahamas has been elected Deputy Chairman of the Caribbean Financial Action Task Force. CFATF is … Read More
The Bahamas: At The Forefront Of An Increasingly Competitive Global Environment For The Conduct Of International Financial Serv
Wendy C. Warren CEO & Executive Director Bahamas Financial Services Board Money laundering is a global problem, not one restricted to offshore centres. We recognise that we operate in a … Read More
Antigua and Barbuda Signs Information Exchange Agreement with US
Yesterday, the US Treasury Department announced that the United States had signed a new tax information exchange agreement with Antigua and Barbuda. The agreement was signed by Secretary Paul O’Neill … Read More
War Against Terrorism: Financial Privacy for Legitimate Clients Guaranteed
Rt. Hon. H.A. Ingraham Prime Minister of The Bahamas The Prime Minister of The Bahamas has affirmed that the nation shares the interest of the United States and of the … Read More
OECD Progress Report: ITIO Still Questions Level Playing Field
The Organisation for Economic Cooperation and Development (OECD) has issued the long-awaited 2001 Progress Report for its renamed “Project on Harmful Tax Practices” (formerly called the “Harmful Tax Competition Initiative”). … Read More