New Financial Services Legislation Entered Into Force

...Bahamas Shares a Common Interest in a Well-Regulated and Transparent Global Market for the Conduct of International Finance

The Office of the Prime Minister announced early in the New Year that the government's package of new legislation adopted by the Bahamas Parliament at the end of December had "entered into force". This includes:

• Banks and Trust Companies Regulation Act, 2000
• Central Bank Act, 200
• Criminal Justice (International Cooperation) Act, 2000
• Dangerous Drugs Act, 2000
• Financial and Corporate Service Providers Act, 2000
• Financial Intelligence Unit Act, 2000
• Financial Transactions Reporting Act, 2000