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

Bahamas Financial Services Board Attends Captive Insurance Conference

March 16, 2018By @BahamasFSBBFSB News, Industry News, Insurance

Pictured Left to Right are: Candice Bain (Bahamas Cooperative League), Indira Munroe-Farrington (BFSB), Sinead Bethel (ICB), Santia Dean (BFSB) and Phelice Jones (ICB)   On March 12th and 13th the Captive Insurance Companies Association (CICA) held its annual International Conference in Scottsdale, Arizona under the theme “The Challenge Of Change”. Captive Insurance continues to be … Read More

Bahamas named on EU Non-Cooperative Countries List

March 13, 2018By @BahamasFSBBFSB News, Industry News

PRESS STATEMENT – 13 March 2018 By K. Peter Turnquest, Deputy Prime Minister & Minister of Finance The Bahamas was today included on the European Union listing of non-cooperative jurisdictions for tax purposes at its meeting of European Council of Finance Ministers, without discussion. The Bahamas notes the comments included on the EU’s Press Release, … Read More

IBFS 2018 A Great Success

March 5, 2018By @BahamasFSBBFSB News, Education & Training, Events, Industry News, Private Wealth Management, Tax Co-operation, Tax Cooperation

This year the Bahamas Financial Services Board hosted its annual International Business and Finance Summit in conjunction with Bahamas Briefing on March 1st and March 2nd at the Baha Mar Convention Center. At the Bahamas Briefing international intermediaries got an opportunity to see and hear why the Bahamas is the jurisdiction of choice as local … Read More

BFSB Hosts Fintech 101 Seminar

January 25, 2018By @BahamasFSBBFSB News, Events, Featured, Industry News

On January 24, 2018 The Bahamas Financial Services Board (BFSB) and ALIV partnered to host a financial technology (FINTECH) seminar at The British Colonial Hilton. The event was well attended with over 170 persons representing over fifty member firms. In November 2017, BFSB created a FINTECH Working Group to explore the opportunities for the financial … Read More

S&P Affirms Bahamas Outlook is Stable

December 15, 2017By @BahamasFSBBFSB News, Featured, Industry News

Standard & Poor’s recently published a report on the Commonwealth of the Bahamas affirming its ‘BB+/B’ Ratings and deeming the country’s outlook as stable. RATINGS Foreign Currency: BB+/Stable/B — Local Currency: BB+/Stable/B OVERVIEW • Bahamian political institutions strongly responded to societal priorities in the 2017 election. • We expect the new administration’s solid mandate to … Read More