Full service local communications agency The Counsellors has established an alliance with JER Porter Novelli, the Barbados-based public relations and marketing communications consultancy firm. JER is represented in a number … Read More
London Office Officially Opens
In speaking at the official opening of Lennox Paton’s London Office last month, Central Bank Governor Julian Francis said *”As a Bahamian financial services practitioner, I am deeply grateful to … Read More
Citibank’s Growth Strategy
Citibank recently celebrated the first anniversary of its Global Corporate and Investment Bank (GCIB), with company officials stating that its expansion is a sign of the bank’s confidence in the … Read More
Imperial Life Canada Completes Merger
Imperial Life Assurance Company of Canada, the parent company of Imperial Life Financial (Bahamas) has completed its merger with Desjardins-Laurentian Life Assurance (DLLA), creating the Desjardins Financial Security Life Assurance … Read More
Revised Edition of the Statute Law and Subsidiary Legislation
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
Servicing The Customer
Local real estate firm Damianos Realty has announced that it is placing “renewed emphasis on how we look after people”, very much in line with its ongoing strategy of building … Read More
OECD Harmful Tax Practices Project
Statement By the Minister of Finance The Hon. Sir William C. Allen The Government of the Commonwealth of the Bahamas The Bahamas Government has been engaged in extensive and constructive … Read More
USA PATRIOT ACT Regulations
TREASURY ANNOUNCES USA PATRIOT ACT REGULATIONS TO IMPROVE INFORMATION SHARING The Department of the Treasury announced earlier this week the issuance of additional regulations implementing the anti-money laundering and anti-terrorism … Read More
Due Diligence Required For Correspondent Accounts – Canada
The Office of the Superintendent of Financial Institutions in Canada has written to financial firms there asking for “enhanced” due diligence for correspondent accounts. The letter presumably comes in light … Read More
OECD INITIATIVE: NEEDS LEVELLING OUT
Wendy C. Warren CEO & Executive Director While the OECD is now accepting a reference to a level playing field in commitments, clarity is still required with respect to whom … Read More