MULTILATERAL TALKS SCHEDULED … and the OECD acknowledges legitimacy of low tax jurisdictions Arising from a Fall meeting in Malta, Commonwealth Finance Ministers mandated the Commonwealth Secretariat to facilitate “high … Read More
New Trust Division Caters to Bahamian Investors
Congratulations to the Bank of the Bahamas on the launch of its own trust company, Bank of the Bahamas Trust Ltd., providing quality asset protection and management services to Bahamians.
Framework for a Collective Memorandum of Understanding on Eliminating Harmful Tax Practices
The OECD has published the subject framework on its www site, with indication that this can form a basis for which it can continue its dialogue with jurisdictions identified as … Read More
New Industry Legislation
On Monday, November 27, the Bahamas Government tabled three bills in the House of Assembly, as part of a wide ranging programme of legislative and administrative changes currently underway, and … Read More
Industry Briefing – OECD/Other International Initiatives
Press Release November 21, 2000 BFSB Meeting with Counsel to Bahamas Government on OECD Initiative Richard Hay, Counsel to The Bahamas Government on the OECD, FATF and related initiatives met … Read More
Royal Bank of Canada Opens Branch on Paradise Island
Sir William Allen, Minister of Finance, officially opened the Paradise Island Branch of the Royal Bank of Canada on Friday, November 17th.
Privatisation of BATELCO Nearing Completion
The Hon. Carl Bethel, Minister of Economic Development, commented on the increasing role of telecommunications companies in service-based economies such as The Bahamas as he reported on The Bahamas Government’s … Read More
New Service Industry – Information Technology
Information Technology -Preparing to Compete in the Global Marketplace A worldwide survey conducted by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) earlier this year emphasised the importance the … Read More
E-Business Legislation
E-COMMERCE DEVELOPMENTS ..Bahamas forging ahead with legislative developments Earlier in the year, BFSB presented to the Bahamas Government an E-Commerce Position Paper, detailing a strategy for The Bahamas to become … Read More
BFSB Moves To Establish Best Standards and Practices Committee
BFSB’s Board of Directors has adopted a recommendation for the establishment of a Best Standards and Practices Committee, a mechanism intended to ensure self-oversight of the financial services industry. The … Read More