IMPORTANT MEMBER NOTICE: Update on Bahamas Delisting – European Union AML

January 12, 2022By @BahamasFSBBFSB News, Government, Industry News, Latest

We are pleased to advise that On Friday 7 January 2022, the European Commission adopted a new regulation to update the EU AML Blacklist, including delisting The Bahamas from the List of Third-country Jurisdictions which have Strategic Deficiencies in their AML/CFT Regimes (AML Blacklist). It has now been shared with the European Parliament and Council … Read More

Attorney General Pinder: The Bahamas is Compliant with 18 Recommendations and Largely Compliant with 20 Recommendations

December 23, 2021By @BahamasFSBBFSB News, Latest

“Today, The Bahamas is Compliant with 18 Recommendations and Largely Compliant with 20 Recommendations, positioning the country in the top tier amongst FATF and FATF-Style Regional Body global network.” RE: THE BAHAMAS 4 TH FOLLOW UP REPORT The Bahamas has been under enhanced monitoring since the adoption of its Mutual Evaluation Report by the Caribbean Financial Action Task … Read More

BAHAMAS SUPPORTS GLOBAL TAX REFORM

July 2, 2021By @BahamasFSBGovernment, Industry News, Latest

Only July 1st, 2021 The Government of The Bahamas officially expressed its support, for the proposals of the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting to reform the global taxation system. These proposals and the accompanying rules for international taxation are geared at addressing the tax challenges arising from the digitalization of the … Read More

BAHAMAS REMOVED FROM FRENCH TAX BLACKLIST

March 8, 2021By @BahamasFSBBFSB News, Featured, Government, Industry News, Latest

The Bahamas Removed from the French List of Non-Cooperative States and Territories in Tax Matters. Source: Central Communications Unit, Ministry of Finance Date: March 8, 2021 Contact: MOFcomms@bahamas.gov.bs The Government of France has removed The Bahamas from the French list of non-cooperative states and territories in tax matters. The list, which is updated annually by … Read More

BFSB PLATINUM SPONSOR OF 2021 WORLD CAPTIVE FORUM EVENT AND THE INSURANCE COMMISSION TO MAKE PRESENTATION

February 16, 2021By @BahamasFSBBFSB, BFSB News, Captive Insurance, Events, Latest

February 16th, 2021-The Bahamas Financial Services Board will once again be sponsoring the 2021 World Captive Forum (WCF) Event. This year BFSB will be a platinum sponsor. Celebrating its 30th year, the 2021 World Captive Forum will be hosted virtually for the first time on February 24th-25th, 2021. A domicile neutral conference, the World Captive … Read More

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