{"id":8230,"date":"2001-01-08T00:00:00","date_gmt":"2001-01-08T05:00:00","guid":{"rendered":"https:\/\/thebfsb.com\/blog\/2001\/01\/08\/kyc-policies-strengthened\/"},"modified":"2001-01-08T00:00:00","modified_gmt":"2001-01-08T05:00:00","slug":"kyc-policies-strengthened","status":"publish","type":"post","link":"https:\/\/bfsb-bahamas.com\/blog\/2001\/01\/08\/kyc-policies-strengthened\/","title":{"rendered":"KYC Policies Strengthened"},"content":{"rendered":"<p>KNOW YOUR CUSTOMER POLICIES STRENGTHENED<br \/>\n&#8230;Significant Factor of New Legislative Package<\/p>\n<p>The Chairman of the Bahamas Financial Services Board has described the new package of financial services legislation now in force as &#8220;very strong and robust&#8221;.  <\/p>\n<p>Importantly, there has been tremendous focus on strengthening the Know Your Customer (KYC) policies as part of the legislative changes.   According to Chairman Ian Fair, this has improved The Bahamas&#8217; position in achieving Qualified Jurisdiction status under new withholding regulations of the US Internal Revenue Service.  IRS approval of a nation&#8217;s KYC policies is a prerequisite for QJ status.<\/p>\n<p>Ian Fair, Chairman<br \/>\nBahamas Financial Services Board<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KNOW YOUR CUSTOMER POLICIES STRENGTHENED &#8230;Significant Factor of New Legislative Package The Chairman of the Bahamas Financial Services Board has described the new package of financial services legislation now in &hellip; <a href=\"https:\/\/bfsb-bahamas.com\/blog\/2001\/01\/08\/kyc-policies-strengthened\/\" title=\"KYC Policies Strengthened\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[16],"tags":[],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pcvjdt-28K","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/posts\/8230"}],"collection":[{"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/comments?post=8230"}],"version-history":[{"count":0,"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/posts\/8230\/revisions"}],"wp:attachment":[{"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/media?parent=8230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/categories?post=8230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bfsb-bahamas.com\/wp-json\/wp\/v2\/tags?post=8230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}