BFSB’s CEO Calls for Continued Adaptation at AGM; New Board of Directors Also Elected

September 26, 2016By @BahamasFSBNewsletter

The Bahamas Financial Services Board (BFSB) held its 2016 Annual General Meeting (AGM) on September 15th in the Victoria Room at the British Colonial Hilton Hotel. In her annual report to members, Tanya McCartney, BFSB’s CEO and Executive Director, outlined the key areas of focus for BFSB which were categorized as follows: Strategic Development, Maintaining … Read More

Attorney General’s Statement on ICIJ

September 23, 2016By @BahamasFSBNewsletter

The Government of The Bahamas officially launched its e-Services Business Registration platform at the Registrar General’s Department in January 2016 as a part of the Government’s ongoing strategy to improve ease of doing business. It is important to note that the data required by law to be maintained in the companies registry is available to … Read More

Minister of Financial Services Addresses The Nassau Conference

September 23, 2016By @BahamasFSBNewsletter

Speaking at annual Nassau Conference, the Hon. Hope Strachan, Minister of Financial Services, told delegates “I want to make it absolutely clear that the Government of The Bahamas is fully committed to maintaining a Trustworthy, Competent and Compliant jurisdiction. We will not tolerate the use of The Bahamas financial services sector as a conduit for … Read More

Towards a Bilingual Bahamas

September 22, 2016By @BahamasFSBNewsletter

Ideally positioned at the crossroads of the Americas, The Bahamas has benefitted from its many natural advantages. However, a key ingredient of its success has been and will always be found in the capacity of its people. “As we seek to expand economic opportunities for Bahamians we have to ensure that we are ready to … Read More

The Bahamas is on track to implement the OECD’s Common Reporting Standard for the Automatic Exchange

September 15, 2016By @BahamasFSBNewsletter

The Bahamas prides itself on being a compliant jurisdiction that follows best practices and adheres to international standards for tax cooperation and tax transparency. A prime example of this is the Government of The Bahamas’ commitment to the OECD to implement the Common Reporting Standard (CRS) for the Automatic Exchange of Information (AEOI) in 2018. … Read More

Bahamas Targets End of September for AEOI/CRS Legislation Review

August 18, 2016By @BahamasFSBBFSB News, Industry News, International Issues, Newsletter, Tax Co-operation

The Bahamas expects to have draft enabling legislation and supporting regulations and guidance notes submitted to the Government by the end of September for vetting, review and finalization to ensure it meets its commitment to implement the global standard for Automatic Exchange of Information referred to as the Common Reporting Standard (CRS) by 2018. The … Read More

BFSB CEO Addresses Bahamas Value Proposition

August 17, 2016By @BahamasFSBBFSB News, Industry News, Newsletter

Speaking at The Rotary Club of East Nassau (RCEN) on Friday July 16th, BFSB’s CEO and Executive Director Tanya McCartney outlined the evolving nature of The Bahamas’ Value proposition, and emphasized the need to invest in the infrastructure that will improve the private sector’s ability to win financial services business and assist in the effective … Read More

Prime Minister Christie and Bahamas Cabinet Briefed on Financial Services Industry

August 10, 2016By @BahamasFSBBFSB News, Industry News, Newsletter, The Economy

The current state of the country’s financial services industry was the focus of an in-depth briefing by the Bahamas Financial Services Board (BFSB), the Association of International Trust Companies in The Bahamas (AIBT) and other industry stakeholders to Bahamian Prime Minister Perry Christie and his Cabinet recently. In addition, recommendations were put forward as to … Read More

Bahamas Landfalls scheduled for Mexico, London and Switzerland

August 9, 2016By @BahamasFSBAsset Management, BFSB News, Business, Newsletter, Private Wealth Management

The Bahamas Financial Services Board (BFSB) will be hosting three Bahamas Landfall events this fall. These include Bahamas Landfall: Destination Mexico, October 13 and Bahamas Landfall: Destination Switzerland and London, in early November 2016. The Bahamas Landfall Series was devised by BFSB as a promotional tool to provide financial services intermediaries and other service providers … Read More