The EU Savings Directive ("EUSD") which subjects savings income in the form of interest payments made in one Member State to beneficial owners who are individuals resident for tax purposes in another Member State to effective taxation in accordance with the laws of the latter Member State was implemented on July 1, 2005.

We were delighted to be in São Paulo, where we had the opportunity to connect with members of Brazil's vibrant financial and advisory community.

Today we debate an important compendium of financial services related bills that address three distinct subject matters.

BFSB wishes to provide the following update with respect to the implementation of the Common Reporting Standard and the automatic exchange of information.

Section 7 of the NPO Act, provides that a Non-Profit Organisation shall not carry out its operations unless it is registered under the NPO Act;

April 7, 2022, Nassau Bahamas, Today, The Bahamas is compliant or largely compliant in 38 of the 40 FATF Recommendations.

The Securities Commission of the Bahamas (SCB) has issued a notice to its registrants and licensees concerning transitional provisions for investment funds and investment fund administrators existing prior to the promulgation of the new Investment Funds Act.

The Hon. Allyson Maynard-Gibson, Minister of Financial Services and Investments, presented remarks at the LOMA CARIBBEAN CONFERENCE being held June 27-29 at the Atlantis Resort, Paradise Island – under the theme: Expanding Your Horizons: Staying Ahead of the Competition.

In its Compliance North America feature this week, <I>Complinet</I> features the annual Anti-Money Laundering Seminar hosted last week by the Bahamas Association of Compliance Officers (BACO).

Today in Paris, the Committee on Fiscal Affairs (CFA) of the Organisation for Economic Cooperation and Development (OECD) announced new provisions for the exchange of information between national tax authorities.

With the recently passed Purpose Trust Bill, 2004, The Bahamas has added another dimension to the jurisdiction’s trust business.

With the Bahamian financial sector undergoing a period of intense disruption, in both the common and the business sense of the word, The Bahamas must continue to build its industry up to a place where the innovation ...

The American Swiss Foundation, in collaboration with the Swiss Bankers Association, sponsored a session on "Financial Privacy, Economic Freedom and the War on Terrorism" in New York on Monday.

US Treasury Secretary John Snow hosted G7 Ministers and Central Bank Governors at a joint meeting today in Washington, D.C. The April 23-24 meeting of the ministers and governors coincides with the spring meeting of the International Monetary Fund and the World Bank, taking place April 23-25.

In August 2012 the Securities Commission of The Bahamas approved a new SMART fund model, increasing the total number of approved SMART fund models to seven.

In Paris today, the Organisation for Economic Cooperation and Development (OECD) announced that the governments of its member countries have approved a revised version of its Principles of Corporate Governance.

Nassau, The Bahamas, Thursday 10 November 2022 – Today, the Securities Commission of The Bahamas (the Commission) took action to freeze assets of FTX Digital Markets and related parties.

At the start of the year, the Board intensified its promotional efforts for the jurisdiction through strategic partnerships and sponsorships with international media outlets and financial organizations.