The Bahamas: Enhancing Its Image As A Premier International Financial Centre – Working Internationally and Internally The Government of The Bahamas remains firmly focussed on putting in place the necessary … Read More
International Issues
Independent Assessment of The Bahamas – International Monetary Fund
The Government of The Bahamas has asked the International Monetary Fund (IMF) to conduct an assessment of its financial services sector, and plans to make the results of the review … Read More
Bahamas Addressing International Standards Criteria
The Financial Action Task Force on Money Laundering (FATF) met in Madrid 4-6 October to discuss its strategy for further expanding the worldwide anti-money laundering network. In a press conference … Read More
Action By International Institutions Called “Aggressive”
Barry J. Malcolm, Executive Director of the Bahamas Financial Services Board, has characterised the action of various international institutions as being “aggressive” –primarily because the process of listing The Bahamas … Read More
Prime Minister meets with OECD/FATF
Prime Minister Meets with OECD Secretary General & President of the FATF Prime Minister, the Rt. Hon. Hubert Ingraham continues a series of high level discussions in European capitals connected … Read More
United Nations General Assembly
55th Session of the UN General Assembly Told of Bahamas’ Position Bahamas Foreign Affairs Minister Janet Bostwick has taken The Bahamas’ case against the blacklisting of its financial services sector … Read More
Prime Minister’s Communication to House of Assembly on Rating/Listing
Communication by Prime Minister the Rt. Hon. Hubert A. Ingraham on The Rating and Listing of The Bahamas by the Financial Stability Forum (FSF);Financial Action Task Force (FATF); and the … Read More
Offshore Financial Centres-IMF Assessment
Offshore Financial Centres- IMF Assessment The International Monetary Fund (IMF) is in the process of conducting an assessment of offshore financial centres, including The Bahamas. The IMF has indicated that … Read More
Caribbean Association of Regulators of International Business
The Caribbean Community (CARICOM) has agreed to establish a regional group to tighten regulations against money laundering. The association will also serve to challenge reports claiming that certain of its … Read More
Money Laundering
The Bahamas remains determined in its stance against money laundering and according to Prime Minister H.A. Ingraham plans to introduce and adopt additional legislative amendments relevant to the regulation and … Read More