THE FINANCIAL ACTION TASK FORCE ON MONEY LAUNDERING REPORTS ON CURRENT LAUNDERING TRENDS…. The Financial Action Task Force on Money Laundering (FATF) will meet in Paris 31 January-2 February, to … Read More
International Issues
Qualified Jurisdiction (QJ) Status Approved
Office of the Prime Minister Announces IRS Decision on QJ Status – Places The Bahamas on a Level Playing Field The Internal Revenue Service of the United States of America … Read More
OECD/Commonwealth Meeting Concludes With Agreement For a Joint Working Group
OECD, Commonwealth Agree to Work towards Global Co-operation on Harmful Tax Practices OECD and Commonwealth countries have agreed on a way forward in efforts to achieve global co-operation on harmful … Read More
High-Level Consultations on Tax and Competition Issues in the Global Financial Market
COMMONWEALTH & OECD COUNTRIES IN CONSULTATION …..Seeking New Ways to Move Forward in a More Cooperative, Consensual and Inclusive Manner Today marked the second day of consultations at Barbados’ Sherbourne … Read More
Multilateral Talks on Harmful Tax Practices
MULTILATERAL TALKS SCHEDULED … and the OECD acknowledges legitimacy of low tax jurisdictions Arising from a Fall meeting in Malta, Commonwealth Finance Ministers mandated the Commonwealth Secretariat to facilitate “high … Read More
Framework for a Collective Memorandum of Understanding on Eliminating Harmful Tax Practices
The OECD has published the subject framework on its www site, with indication that this can form a basis for which it can continue its dialogue with jurisdictions identified as … Read More
Industry Briefing – OECD/Other International Initiatives
Press Release November 21, 2000 BFSB Meeting with Counsel to Bahamas Government on OECD Initiative Richard Hay, Counsel to The Bahamas Government on the OECD, FATF and related initiatives met … Read More
International Best Practices & Self-Oversight For The Bahamas’ Financial Services Industry
BFSB Chairman Addresses Bahamas Institute of Chartered Accountants INTERNATIONAL BEST STANDARDS & PRACTICES Good afternoon ladies and gentleman … and thank you for this opportunity to address you in my … Read More
Qualified Jurisdiction (QJ) Status
The Bahamas’ Application to be designated a qualified jurisdiction (“QJ”) for purposes of new US withholding procedures scheduled to take effect 1st January 2001, was submitted 4 months ago by … Read More
Prime Minister’s European Travel
Following is the text of Bahamas Prime Minister H.A. Ingraham’s communication to the House of Assembly following his return from Offical Travel in Western Europe, and attendance at the IDB-World … Read More