The Attorney General’s Office has completed a project to have the laws of The Bahamas revised and available on CD Rom. The law reform project included taking the laws out … Read More
Legal
Supreme Court Of The Bahamas Ruling On The Financial Intelligence Unit Act, 2000
As the central agency for the receipt and analysis of suspicious transaction reports, the Bahamian Financial Intelligence Unit (FIU) is an integral part of the country’s anti-money laundering regime. Such … Read More
Legislative & Regulatory Regime Promoting Growth in Mutual Funds Sector
According to a release from the Bahamas Association of Mutual Fund Administrators (BAMFA), the mutual fund industry in The Bahamas has expanded, with firm prospects for a “very bright future”. … Read More
Investor Confidence Remains Strong
The Central Bank of the Bahamas is set to license 30 new financial institutions within the next four months, confirmed Government Leader in the Senate Dr Ronald Knowles yesterday. During … Read More
The Bahamas: Enhancing Prospects for Sustainable Financial Services Sector
Hon. Sir William Allen Minister of Finance The Bahamas Parliament last week approved amendments to a number of financial services acts and regulations, to deal with issues of practical implementation … Read More
Amendments Proposed to IBC Act, 2000
The Rt. Hon. Hubert A. Ingraham Prime Minister of The Bahamas In response to representation from the financial services industry, the Office of the Attorney General early in June provided … Read More
Bahamian IBC: In Compliance With International Best Practices, And A Legitimate Vehicle For International Business
The Bahamas introduced a new International Business Companies Act, 2000 on December 29, 2000. This Act was introduced as the Government sought to address legitimate concerns raised by the FSF … Read More
Financial Services Regulations & Regulators
FINANCIAL SERVICES REGULATIONS & REGULATORS The Central Bank of The Bahamas Act 2000 and the Banks and Trust Companies Regulation Act 2000 provide for: -improved supervision -on-site inspection of banks … Read More
Banking Industry: New Laws Having Positive Effect
Half of Managed Banks in The Bahamas to Establish Operations More than half of the 124 registered managed banks in The Bahamas are expected to remain in the country and … Read More
New Industry Legislation Will Spur Financial Sector Growth
The Bahamas will be better positioned as one of the leaders in international financial services as a result of the new financial service legislation introduced by the Government during the … Read More