Newsletter

Prime Minister Christie has tabled in the House of Assembly a Code of Ethics for government ministers. It is anticipated that the Government will soon introduce legislation relating to Integrity … Read More

Despite the decline in economic growth during 2001, there was no aggregate loss of employment in the financial services sector and, in fact, the sector’s contribution to the gross domestic … Read More

##December 31, 2002 Deadline for KYC## The Government of The Bahamas, in response to requests from the nation’s financial service providers and in recognition of industry’s commitment and efforts to … Read More

##Public Alert## The companies listed below are not licensed to conduct banking and/or trust business in or from within The Bahamas * **Alpha Credit Union, 51 Frederick Street, P.O. Box … Read More

In a recent presentation to the Grand Bahama Chamber of Commerce, H.E. Peter Heigl addressed a number of issues, including world trade development and liberalisation, international terrorism, and multinational co-operation. … Read More

As a response to September 11, the U.S. Congress passed the *”Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act”*. The legislation … Read More

The so-called “blacklisting” of various jurisdictions by the Financial Stability Forum, the Financial Action Task Force and the Organisation for Economic Co-operation and Development has forced financial service providers into … Read More

The Central Bank of the Bahamas has said the phasing out of managed banks in The Bahamas is progressing in accordance with plans. Under the enhanced regulatory regime introduced by … Read More

The European Union first adopted a draft Directive on the taxation of savings back in June 2000, at a meeting of EU Finance Ministers. This was refined in November 2000, … Read More

BFSB last year launched a public education and awareness programme geared towards sustained growth and development of the financial services industry. Its strategic development plan for 2002 and beyond recognises … Read More