The Bahamas Financial Services Board attended the Society of Trust and Estate Practitioners LATAM Conference 2018 in Mexico City, Mexico on October 4th-5th. The STEP LATAM Conference 2018 was held at the Hyatt Regency in Mexico City. In attendance were over three hundred delegates from all around the world. The Bahamas was well represented with … Read More
The Bahamas Financial Services Board Hosts Webinar for Brazilian Market
The Bahamas Financial Services Board hosted a webinar for intermediaries and service providers in Brazil on Tuesday September 26th at the Island House. The webinar entitled The Bahamas Financial Services Update was geared towards the Brazilian market. Live, video-linked, participants signed on from different parts of Brazil including Rio and Sao Paulo. They were able … Read More
19th ANNUAL GENERAL MEETING 2018
The Bahamas Financial Services Board (BFSB) hosted its nineteenth (19th) Annual General Meeting (AGM) in the Victoria Room of the British Colonial Hilton Hotel on Wednesday September 19th. The Deputy Prime Minister and Minister of Finance K Peter Turnquest gave the keynote address at the AGM. He updated attendees on the status of our international … Read More
Central Bank AML/CFT Guidelines
On August 29th, 2018 The Central bank issued new AML/CFT Guidelines for Supervised Financial Institutions (SFIs). These Guidelines incorporate both the mandatory minimum requirements of the AML/CFT laws of The Bahamas and industry best practices and are enforceable by virtue of regulation 8 of the Financial Intelligence (Transactions Reporting) Regulations 2001. All SFIs of the … Read More
Bahamas Landfall: London
Spotlight on The Bahamas 29th November, 0830 am, London Hedgeweek in partnership with the Bahamas Financial Services Board will be hosting an exclusive event at the Reform Club, Central London. The event, entitled The Bahamas: The Clear Choice for Investment & Financial Services – will run from 8.30am to 10.30am and will showcase the jurisdiction … Read More
FTRA Regulations 2018 & Appointed Day Notice
Please find attached the gazetted Financial Transactions Reporting Regulations, 2018 and the appointed day notice bringing the Regulations into operation on June 11th, 2018. Financial Transactions Regulations. 2018 FFT Regulations Appointed Day Notice
The Bahamas List of AEOI/CRS Exchange Partners
Please be advised that the Competent Authority has today released a list of the exchange partners for The Bahamas with respect to the Automatic Exchange of Information/Common Reporting Standard. Provided below for your information. It can also be accessed on the Bahamas Tax Reporting website: www.taxreporting.finance.gov.bs Click here to Download (PDF) Should you have questions please … Read More
Transformation of the Financial Services Sector: Education & Improved Ease of Doing Business
The Bahamas government is allocating resources to facilitate the transformation of the financial services sector. The 2018/2019 fiscal budget was passed in the House of Assembly on June 18th, 2018. In his contribution to the budget debate to the Bahamian Parliament, The Honourable T. Brent Symonette, the Bahamas Minister of Financial Services, Trade & Industry … Read More
2018/2019 Budget Communication by the Minister of Financial Services, Trade & Industry, and Immigration
Minister Brent Symonette 2018-2019 Budget Contribution delivered Wednesday, 13th June, 2018