On April 17, 2014, the government of The Bahamas entered into an agreement, in substance, with the government of the United States to comply with the US Foreign Accounts Tax Compliance Act (FATCA) through a Model I Inter-Governmental Agreement (IGA) on a non-reciprocal basis.

The Bahamas Ministry of Financial Services has published an industry briefing note with frequently asked questions to help services providers prepare for the changes in reporting requirements.

View or download a PDF of the document here.