Prime Minister Dr Hubert Minnis met with UK Prime Minister Theresa May following the formal opening ceremony of the Commonwealth Heads of Government Meeting.

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Deputy Prime Minister and Minister of Finance Peter Turnquest said The Bahamas government is legislating to ensure that the country continues to meet international expectations for anti-money laundering and countering the financing of terrorism.

“We also support our financial regulators, as they supervise their licensed entities in a fashion calculated to minimise financial crime,” DPM Turnquest said at a press conference at the Ministry of Finance last week announcing plans for the upcoming 2018 National AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) Conference to be hosted by The Central Bank of The Bahamas and other partners.

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FREEPORT, Bahamas, April 2018 /PRNewswire/ — PO8, the first Bahamian blockchain start-up has officially put The Bahamas on the world crypto stage. Known for its paradise islands attracting millions of tourists a year and its offshore banking, The Bahamas has now set its eyes on making Grand Bahama the crypto capital of the Americas, and PO8 is leading the way.

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Pictured: Minister Kwasi Thompson, centre, is pictured with Bahamas Chamber of Commerce executives Edison Sumner, right, and Michael Maura. (Photo courtesy BIS)

Minister of State for Grand Bahama Kwasi Thompson, along with the director of investments Candia Ferguson represented the Bahamas government and the island of Grand Bahama at the Commonwealth Business Forum 2018, part of the Commonwealth Heads of Government Meeting (CHOGM) in London.

The Commonwealth Business Forum is an integral part of CHOGM and brings together businesses critical to trade and investment with government leaders to debate the issues facing their countries in 2018 and beyond.

Minister Thompson in a statement on the meeting outcome said: “The government has been very focused on revitalizing Grand Bahama, this will be accomplished by increasing trade and investment in Grand Bahama. These meetings allowed government and business leaders to address issues in their countries. I was able to speak to other government and business leaders about investing in Grand Bahama particularly in the technology industry.

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The Bahamas’ attendance at the Commonwealth Business Forum in London tops the agenda in this week’s business news in The Bahamas.
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NASSAU, BAHAMAS, April 2018 (CBOB) – The Central Bank of The Bahamas, The Securities Commission of The Bahamas, The Insurance Commission of The Bahamas, and The Compliance Commission of The Bahamas (hereinafter collectively referred to as “the financial sector supervisors”) have today issued, for consultation, two draft guidance notes:

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This is an excerpt from Central Bank of The Bahamas as it appeared on April 18, 2018. For updates or to read the current version of this post in its entirety, please click here.

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Minister of Social Services and Urban Development Lanisha Rolle is attending the Commonwealth Women’s Forum, being held alongside the 2018 Commonwealth Heads of Government Meeting (CHOGM) in London.

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The European Union Code of Conduct Group has officially recommended The Bahamas’ removal from the list of non-cooperative jurisdictions for tax purposes.

The government received confirmation of this in writing on April 17, 2018 from the Secretariat of the Code of Conduct Group.

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The Minister of Financial Services, Trade and Industry, and Immigration Brent Symonette has launched the first round of World Trade Organization (WTO) consultations.

Read/download the launch statement here:

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