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Central Bank releases regulatory update – PDF

The Central Bank of The Bahamas has released a quarterly statement on recent economic and regulatory developments. Read the full report here. 

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Central Bank of The Bahamas/TBI News
Tuesday, February 18, 2020
Tuesday, February 18, 2020
Catherine Morris

The Central Bank of The Bahamas has released a quarterly statement on recent economic and regulatory developments – providing an update on efforts to create the first Bahamian credit bureau, the upcoming annual AML/CFT conference and Basel II & III implementation.

CRIF Bahamas received its credit bureau licence in December and is set to launch this year. “The credit bureau will offer significant benefits to both lenders and borrowers, through better and fairer access to credit information,” according to The Central Bank which will collaborate with CRIF on financial literacy initiatives to raise public awareness.


The Bank is also moving forward in its anti-money laundering and compliance efforts, hosting its annual AML/CFT conference in June and working to meet the Basel II & III implementation deadline of January 2021.

Read/download the full regulatory update here:

Developers of the recently announced up-market resort community for South Abaco have committed to inject $7 million into a business development fund for Bahamian entrepreneurs seeking to establish businesses in the project.

Ministry of Tourism and Aviation has highlighted record visitor numbers, its partnership with Airbnb and the recovery of Grand Bahama and Abaco after Hurricane Dorian in a recent press release.

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