A recent survey by the Swiss Finance Ministry has found that 51 per cent of those questioned favour maintaining banking secrecy in its present form, compared with 57 per cent a year ago.

The Bahamian economy has recovered well from the 2001-02 slowdown, achieving some acceleration of activity in 2004 even in the face of two hurricanes, according to the International Monetary Fund (IMF).

The Central Bank of the Bahamas has released an update on recent economic developments and prospects, noting that the Bahamian economy expanded during the first half of 2004 with the momentum expected to continue through 2005.

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.

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 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).

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

The new Securities Industry Act, 2011 (the "New Act") was passed in the House of Assembly on 18 April 2011 and was approved by the Senate.