The Hon. Carl Bethel Attorney General & Minister of Justice Offshore financial centres wishing to be successful in the long term must not only have stringent regulations in place to … Read More
International Issues
Bahamas Becomes 54th Member Of The Egmont Group
The Hon. Carl Bethel Attorney General and Minister of Justice The Attorney General has advised that the Egmont Group of Financial Intelligence Units has accepted that the national Financial Intelligence … Read More
FATF to Publish Report on Non-Cooperative Countries and Territories
The Secretariat of the Financial Action Task Force on Money Laundering (FATF) has announced that it will issue a new report updating its findings on the non-cooperative countries and territories … Read More
International Initiatives: The Bahamas’ Response
Wendy C. Warren BFSB CEO & Executive Director The Bahamas shares a common interest with the concerned multinational agencies in seeking a well-regulated global market for the conduct of international … Read More
OECD Initiative: Reassessment of Unhelpful Concepts & Unevenness Promoted
Hon. Sir William Allen Minister of Finance Addressing a special ceremony to welcome the Chief Executive of the SG Private Banking Group on a visit to The Bahamas, Minister of … Read More
FATF Review Group of the Americas
Industry Chief Calls for Level Playing Field Last week Officials from the Financial Action Task Force concluded a 2-day inspection of the Bahamas’ financial services industry. The team was here … Read More
US Calls For Refocusing Of OECD Initiative On The Core Element Of Tax Information Exchange
Recent statements coming out of the Office of the US Treasury would indicate that the US is taking the position that the OECD initiative on harmful tax competition is too … Read More
Punishment of Money Laundering Seen As Important Preventive Factor: Global System Promoted
Sir William Allen Bahamas Minister of Finance On the occasion of opening the recent 3-day Anti-Money Laundering Seminar jointly organised by the Office of the Attorney General and the Caribbean … Read More
Preparing For The Emerging Single Global Economy
Ambassador James Smith Bahamas Ambassador for Trade, James Smith, recently addressed a BFSB Industry Roundtable on the impact of Supranational Organisations on the Bahamas. Multilateral agencies like the IMF and … Read More
Bahamas Takes on Leadership for Services Group in FTAA Negotiation Process
The Bahamas has taken on the Chairmanship of the Services Negotiating Group as the FTAA Negotiating Process moves towards 2005. The Negotiating Group succeeded the Services Working Group established after … Read More