The Bahamas Investor

...s tout the merits of the jurisdiction: “an established, progressive and welcoming center for international business and financial services.” Similar Landfalls have been held in such destinations as Zurich and London . “We chose Miami this year for two major reasons, to strengthen historic ties with Miami advisors and because of the increasing importance of Miami as a hub for Latin America,” said Aliya Allen, the chief executive officer and executi......

...individuals connected to criminal or terrorist organizations. “This has become a model for regional corporation on aviation security and we hope to build on this work by expanding the CARICOM APIS programme to additional Caribbean nations,”?said Napolitano. With more than one million miles of open ocean across the Caribbean, the US Secretary noted that policing these waters will continue to be a challenge. “We must do more, together, to meet curr......

..., including Ireland and the United States. According to Rolle, the chamber foresees a structure partially managed by the government, but with significant input from the private sector and offering some fee-based services, which would make it easier for SMEs to approach lending institutions. “This organization is not going to be directly lending money,” explained Rolle. “When somebody comes to this organization it works with them, helps with resear......

...d), who added that the government would do all it could to help businesses prepare for the change. Rolle led a presentation on the topic yesterday as part of the Bahamas Institute of Financial Services (BIFS) Bankers’ Week and reassured the audience that VAT would be good for consumers, good for businesses and good for the economy. “A VAT system will improve tax compliance. The system has to be very transparent,” he told the audience at the semina......

...obtain their PFP accreditation. “We are pleased to be focusing on this new practice area for RBC and to be in a position to help clients develop sound financial plans,” said Kenny-Sands. “When working with clients we discover what is important to them and then strategize with them to help them meet their goals.” According to Bain-Thompson, RBC’s financial planning process takes a comprehensive approach to each client’s situation. It includes looki......

...der (any account holder that: (1) fails to comply with reasonable requests for information necessary to determine if the account is a US account; (2) fails to provide the name, address, and TIN of each specified US person and each substantial US owner of a US owned foreign entity; or (3) fails to provide a waiver of any foreign law that would prevent the foreign financial institution from reporting any information required under this provision), (......

...funds. Michael Sakala, senior manager in EY’s Global Financial Services Advisory practice will speak on the impact and timelines of the directive, focusing also on what managers should be doing now. The SCB will discuss the information sharing provisions of the directive and examine how select regulators from other international financial centres are addressing it. BFSB and the Ministry will focus on the opportunities available for the funds sect......

...ahama. “We are pleased to announce the appointment of Jackie Banona, who becomes the third partner in our Freeport office,” said Fred Smith, QC, managing partner, Grand Bahama. “From the moment she joined Callenders, Jackie was an instant fit and as we got to know her better, her dedication, the depth of her intellect, her thoroughness and her ability to grasp the details of the most complex case impressed everyone.” Banona was born in Uganda and......

...nada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.......

...the donor’s business interests. Hotel and casino billionaire Sol Kerzner, for example, gives millions of dollars annually to Bahamian charities through his company, Kerzner International Holdings Ltd, which owns Atlantis Paradise Island. Why give? There are as many reasons for giving charitably as there are ways of doing so. Investor altruism can be motivated by a number of factors–a sense of social responsibility, to improve corporate reputation......

...t the development of deal-flow for early-stage investment. Ganesh Rasagam, practice manager for innovation and entrepreneurship, trade and competitiveness global practice at the World Bank Group says: “This programme will serve as a valuable initiative to promising Caribbean start-ups and growth entrepreneurs. It will help unlock much-needed private capital, particularly from business angels and other early-stage investors through investment facil......

...nd Latin American region who has achieved the highest average marks in all exams for the STEP Diploma in International Trust Management during 2016. Stephens accepted the award at the annual STEP Caribbean conference in the Cayman Islands earlier this month, adding to a list of top honours from the organisation, including four STEP Worldwide Excellence Awards for the highest average scores. She also received an award for the highest average score......

...ommission 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: “Financial Crime Risk Management”: This Guidance Note covers risk management approaches for AML/CFT and other financial crimes and acts as a guide to Bahamian financial entities to improve industry p......

...ntation of the proposed legislation, the government looks to a more harmonized financial services sector operating under and recognized for best practices and world-class regulation.......

...nds to attract referrals from existing clients. Then there’s business that comes by way of strategic partnerships. Ansbacher exerts time and energy cultivating its professional network of international lawyers, accountants, and their firms. “Many times we have lawyers or accountants in other jurisdictions looking to develop a structure for an international client. Obviously, we do our best to be in the forefront of their minds so that we can provi......