Rt. Hon. H.A. Ingraham Prime Minister of The Bahamas The Prime Minister of The Bahamas has affirmed that the nation shares the interest of the United States and of the … Read More
25th Anniversary Celebration
Leadenhall Bank & Trust Company is celebrating its 25th anniversary this year. A Bahamian financial institution, with some 80% of shares owned by Bahamians, Leadenhall promotes a localised and personalised … 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
OECD Progress Report: ITIO Still Questions Level Playing Field
The Organisation for Economic Cooperation and Development (OECD) has issued the long-awaited 2001 Progress Report for its renamed “Project on Harmful Tax Practices” (formerly called the “Harmful Tax Competition Initiative”). … Read More
KYC Regime Considered Pivotal In Financial Services Sector
Addressing participants at a recent Anti-Money Laundering Seminar, Ernst & Young’s Corporate Manager Lorraine D. Burrows shared some basic “Know Your Customer” principles. Pointing out that KYC constitutes an integral … Read More
CURRENT STATUS OF OECD’S HARMFUL TAX PRACTICES INITIATIVE
The OECD Council has released a Report providing an update on the current status of its initiative on harmful tax practices. The Report seeks to clarify the aims and scope … Read More
FATF Cracks down on Terrorist Financing
At an extraordinary Plenary on the Financing of Terrorism held in Washington, D.C. on 29 and 30 October 2001, the Financial Action Task Force (FATF) expanded its mission beyond money … Read More
The Bahamas: Maintaining A Position Among Jurisdictions Well Regarded By The International Community
Addressing a luncheon meeting of the American Men’s Club yesterday, Governor Julian Francis of the Central Bank of The Bahamas made specific reference to the importance of the legislative and … Read More
FATF Pledges to Combat the Financing of Terrorists
The Financial Action Task Force, in an emergency meeting in Washington, received strong international support for its efforts to combat the financing of terrorist activities. Opening the meeting, FATF President, … Read More
The Bahamas: At The Forefront Of An Increasingly Competitive Global Environment For The Conduct Of International Financial Serv
Wendy C. Warren CEO & Executive Director Bahamas Financial Services Board Money laundering is a global problem, not one restricted to offshore centres. We recognise that we operate in a … Read More