Offshore Financial Centres- IMF Assessment The International Monetary Fund (IMF) is in the process of conducting an assessment of offshore financial centres, including The Bahamas. The IMF has indicated that … Read More
Caribbean Association of Regulators of International Business
The Caribbean Community (CARICOM) has agreed to establish a regional group to tighten regulations against money laundering. The association will also serve to challenge reports claiming that certain of its … Read More
Exuma Office
Bahamas Realty has opened an office in George Town, Exuma — to take advantage of “booming development and a flurry of activity in the island’s marketable miles of beachfront property.” … Read More
Private Sector Driving Growth
Private Sector Driving Growth Addressing the July 29th annual Investment Conference of the Bahamas Society of Financial Analysts, the Deputy Governor of The Central Bank of The Bahamas pointed out … Read More
Amendment to Evidence Act
Amendment to Evidence Act The Bahamas Government has announced plans to introduce a series of bills to amend existing financial services legislation. Recently introduced is a Bill for an Act … Read More
International Financial Centre
International Financial Centre The Government is committed to enhancing the image of The Bahamas as an international financial centre. To this end, the Government will: – maintain The Bahamas as … Read More
Bank of the Bahamas
Bank of the Bahamas Proceeding along a carefully designed expansion programme, the Bank of the Bahamas has revealed that growth of its net earnings has outpaced overall industry growth. For … Read More
Bank Confidentiality
Bank Confidentiality In response to concerns by the international financial community that bank secrecy laws of offshore jurisdictions are being abused by international criminal elements, the Bahamas Government has announced … Read More
Black Listing
Blacklisting The Prime Minister of The Bahamas defines the government’s immediate and ultimate goals as: – ensuring the integrity of The Bahamas’ financial services sector; – bolstering the acceptance and … Read More
Money Laundering
The Bahamas remains determined in its stance against money laundering and according to Prime Minister H.A. Ingraham plans to introduce and adopt additional legislative amendments relevant to the regulation and … Read More