Bahamas Makes Significant Strides In Fight Against Financial Crime: Update On The Bahamas’ National Identified Risk Framework

September 28, 2020By @BahamasFSBBFSB News, FATCA, Industry News, Latest

BRIEFING DOCUMENT PREPARED BY: BAHAMAS NATIONAL IDENTIFIED RISK FRAMEWORK COORDINATOR SEPTEMBER 24th, 2020 Executive Summary INTRODUCTION There have been tremendous efforts made to address all concerns of the CFATF and the FATF Regarding The Bahamas’ Anti Money laundering, counter financing of terrorism and counter proliferation (AML/CFT/CFP) framework – legislative, regulatory and enforcement landscapes have been … Read More

Ministry of Financial Services, Trade & Industry and Immigration Virtual Symposium

May 21, 2020By @BahamasFSBBFSB News, Education & Training, Industry News, Latest

The Ministry of Financial Services, Trade & Industry and Immigration hosted a successful and engaging virtual symposium on 20th May, 2020 under the theme “An Opportunity for Advancement, Innovation and Creativity”. The purpose of this symposium was to inform industry stakeholders of the Ministry’s initiatives to address the COVID-19 crisis and to engage discussions on … Read More

Ministry of Finance Statement: European Union removes The Bahamas from tax watchlist

February 18, 2020By @BahamasFSBBFSB News, Industry News, Latest

‘The Bahamas’ financial services industry is stable and governed by a sound regulatory regime’ The European Union’s Economic and Financial Affairs Council completely removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes, at their meeting in Brussels today. In a statement this morning, the EU confirmed that The Bahamas has implemented the … Read More