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ARTICLE · 10 MARCH 2021

Banking & Finance Country Comparative Guide

Lennox Paton
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This country-specific Q&A provides an overview of Banking & Finance laws and regulations applicable in The Bahamas.

BahamasFinance and Banking
Dwayne Whylly
Dwayne Whylly

This country-specific Q&A provides an overview of Banking & Finance laws and regulations applicable in The Bahamas. This article was first published in The Legal 500: Banking & Finance Country Comparative Guide 2021.

Banking & Finance (Bahamas) Q&A

1. What are the national authorities for banking regulation, supervision and resolution in your jurisdiction?

Banking business in the Commonwealth of The Bahamas ("The Bahamas") is primarily governed by the Central Bank of The Bahamas ("CBB") pursuant to the Banks and Trust Companies Regulations Act 2020 ("BTCRA").

Banks are also subject to regulation by the Financial Intelligence Unit ("FIU") with respect to anti-money laundering and the countering of financial terrorism.

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