The Bahamas Investor

...t examined fiscal policy and reform(1), and Minister of Financial Services Ryan Pinder, who praised the role of accountants in an increasingly regulated global environment(2). Speaking on the last day of the BICA conference, Minister of State for Investment Khaalis Rolle said the government was committed to helping small and medium-sized enterprises(3) receive financial and technical support and also spoke about how investment was transforming Gra......

...Strengthening our Foundation, Expanding our Reach. Government officials in attendance included Deputy Prime Minister Philip Davis, Minister of Health Perry Gomez, Minister of Financial Services Ryan Pinder, Minister of State for Investments Khaalis Rolle, permanent secretaries, heads of departments and representatives from the financial services industry.......

...letion of the first phase has given the participants nine college credits. Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson spoke at the graduation saying: “The government’s vision is for Grand Bahama to become a technology hub. We are building this initiative from the ground up. We believe that this initiative can make a significant impact on our economy. The establishment and growth of a technology sector wil......

...e Bahamas will be well-represented in Asia during the fall, as the Bahamas Financial Services Board (BFSB) is preparing to take an executive delegation to events in mainland China, Hong Kong and Singapore from the end of October to the beginning of November. The strategic promotional tour starts in Hong Kong with a “Bahamas Landfall” breakfast and lunch presentations on the October 25-26. The group will then attend the China Offshore Summit in Sha......

...te centralbankbahamas.com About Vizor Vizor Software has been the standard for financial regulatory technology since 2000. Leading the way in regulatory supervision software, Vizor is trusted by Central Banks and Financial Regulators from around the globe for the collection and validation of highly complex data from Financial Institutions. Serving the needs of financial regulators in more than 20 countries, Vizor is a trusted partner of large cons......

...vant financing solutions and support to our clients in the Caribbean.” RBC Financial (Caribbean) is the second largest financial institution by assets in the English-speaking Caribbean, with branches in 20 countries and territories, including The Bahamas, and has consistently maintained a proven track record of successfully raising financing from local and regional bond markets. The investment arm of RBC Financial (Caribbean), RBC Merchant Bank is......

...The Global Financial Summit being held at Atlantis Paradise Island this week provides a fantastic opportunity for local businesspeople to meet and network with financial and business experts, as well as high-net-worth investors, according to organizers.......

...now your customer”(KYC) requirements for access to retail domestic banking services. For low-risk customers, a passport is adequate documentation in itself for account opening. In the absence of the passport, a list of other government issued identity documents is acceptable. Verification of address by proof of a utility bill has given way to establishing proof that the client can be contacted by electronic or other means. The Central Bank of The......

...14 but most have experienced a decline in their position relative to other financial centres; several losing more than ten places. Jersey retained its rating from GFCI 14 but was overtaken by 13 other centres and fell from 28th to 41st place. It nonetheless retained the top spot in the Offshore group because Guernsey also lost six places to 42nd while the Cayman Islands lost four places to 43rd. The British Virgin Islands (BVI) entered the Top Fiv......

...he late-October meeting of the Global Forum Transparency and Exchange of Information for Tax Purposes on which brings together more than 120 countries and jurisdictions, to be held in Berlin and hosted by the German Ministry of Finance. At this occasion a signing ceremony is expected to be held for a new multilateral agreement that activates automatic exchange once legislation and other conditions are in place. Assistance will be available to supp......

...HNWIs. This is the fourth year of the conference billed as a “premium platform for information exchange, business development and much-needed education for Chinese intermediaries in this burgeoning market.” The Ministry of Financial Services and the Bahamas Financial Services Board (BFSB) will also be in attendance at the China Offshore Summit as part of comprehensive outreach efforts in Asia that also include participation in events in Hong Kong......

...The annual Global Financial Summit returned to Atlantis Paradise Island last week, drawing international investors, financial commentators and services providers. Prime Minister Christie gave the opening address.......

...disseminated critical risk information to hundreds of stakeholders in the financial services sector who were attending a first of its kind National Risk Assessment (NRA) Industry Briefing yesterday. The two and a half hour meeting at the Melia Nassau Beach Resort January 31 completed compliance with international standards in the fight against money laundering (ML) and terrorist financing (TF) mandated by the Financial Action Task Force (FATF ).......

...t Cat Island operated bankless, and the residents haven’t forgotten. After all, there are still a few other islands that have no local access to financial services. The essence of financial inclusion is access: access to useful and affordable financial products and services that meet the needs of individuals and businesses delivered in a responsible and sustainable way. Read/download the remainder of the keynote here:  Financial Inclusion Objectiv......

...external reserves decreased during July, reflecting the seasonal uptick in foreign currency demand. Preliminary indicators for the tourism sector point to a sustained improvement in the industry’s performance during the review period, over the prior year. The key driving factors included the addition of more high-end room inventory—as the multi-billion dollar Baha Mar resort completed its phased opening in May—along with an increase in airlift fro......