The Bahamas is officially off the EU List

May 25, 2018By @BahamasFSBBFSB News, Industry News

Technical working group demonstrated excellent coordination and cooperation leading to positive outcome for The Bahamas Source: Ministry of Finance (MOF) Author: Central Communications Unit (CCU), MOF Date: May 25, 2018 Contact: MOFComms@bahamas.gov.bs The Bahamas was removed from the European Union’s (EU) list of Non-Cooperative Jurisdictions for Tax Purposes following a positive technical recommendation from the … Read More

BFSB and Graham Thompson Host Industry Development Series II

May 17, 2018By @BahamasFSBBFSB News, Education & Training, Industry News

The Bahamas Financial Services Board in collaboration with member firm Graham Thompson, Counsel and Attorneys – at- Law, hosted a workshop on International Initiatives Impacting the Financial Services Sector as a part of its Industry Development Series II at the British Colonial Hilton om Thursday May 17th, 2018. Opening remarks were given by the Attorney … Read More

Bahamas Financial Services Board Attends Trust Conference in Barbados

May 14, 2018By @BahamasFSBBFSB News, Industry News

The Bahamas Financial Services Board attended the annual Society of Trust and Estate Practitioners (STEP) Caribbean Conference in Bridgetown, Barbados May 7th -9th under the theme “Fast Forward: Future Thinking.” STEP is the global professional association for practitioners who specialise in family inheritance and succession planning. The organisation works to improve public understanding of the … Read More

Bahamas Financial Services Board And The Insurance Commission Of The Bahamas Board Attend “RIMS” 2018 In Texas

April 26, 2018By @BahamasFSBBFSB News, Risk Management

The Bahamas Financial Services Board attended the annual Risk Management Society (RIMS) conference under the theme “Go Big or Go Home” in San Antonio, Texas on April 16th-19th. The RIMS annual conference and exhibition is the premier event for the risk management and insurance community. There were over ten thousand delegates from around the world … Read More

Recommended that Bahamas Be Removed from EU List of Non-Cooperative Jurisdictions

April 17, 2018By @BahamasFSBBFSB News, Industry News, Tax Co-operation, Tax Cooperation

Source: Ministry of Finance The European Union Code of Conduct Group has officially recommended the Bahamas’ removal from the list of non-cooperative jurisdictions for tax purposes. The Government received confirmation of this in writing on April 17, 2018 from the Secretariat of the Code of Conduct Group. At its meeting on April 12, 2018, Member … Read More

CRS Implementation Handbook 2nd Edition Issued By OECD

April 6, 2018By @BahamasFSBBFSB News, CRS, Industry News, Tax Co-operation, Tax Cooperation

On April 5th, 2018 The OECD released the second edition of the Common Reporting Standard Implementation Handbook. Financial Institutions are encouraged to consult the CRS Implementation Handbook and CRS-related FAQs, which are published on the OECD website as they prepare for reporting:  CRS Implementation Handbook 2nd Edition The Handbook provides practical guidance to assist government … Read More