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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 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.

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.

The Association of International Banks and Trust Companies of The Bahamas (AIBT) has announced Founding Sponsorship of The Nassau Conference, which takes place February 7 and 8, 2005.

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.

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

Are individual shareholders ‘transferors' for the purposes of the UK's transfer of assets abroad regime?

The Bahamas and Australia have signed a Memorandum of Understanding under which the two countries will exchange financial intelligence to combat money laundering and terrorism financing.

Minister Maynard-Gibson addressed a "Special Programme for Intermediaries in Nassau" (SPIN) earlier this week. This first SPIN for the year 2005, targeting the private wealth management sector, was hosted by the Bahamas Financial Services Board (BFSB) in collaboration with the Association of International Banks & Trust Companies in the Bahamas (AIBT).

The Bahamas Financial Services Board (BFSB) has launched the 4th year of its "Financial Centre Focus" (FCF) programme.

Since 2001, international organisations such as FATF have pressured offshore financial centres like the Bahamas to pass legislation to increase transparency within our financial services sector.

Tax changes came into effect on 01 July 2013 relevant to businesses.

In The Bahamas, new legislation continues to be introduced to stimulate further growth and development of the country's well-established financial services sector.

Addressing Parliamentarians during the current Debate on the Government's 2004-5 Budget, Minister Maynard-Gibson took the opportunity to report on key accomplishments, maintaining that her Ministry has demonstrated its relevance as the focal point for the promotion of financial services as well as for foreign direct investment.