The Bahamas Investor

...ny conversation about financial services with some phrase indicating the challenging paradigm under which we now operate. The increasing cost of compliance, the pressure on revenues, the counter- party challenges as uncooperative blacklists are resurrected like spectres, the death of privacy–it can all seem overwhelmingly bleak. Yet, in spite of all of this, we remain hopeful and confident about the resilience and sustainability of the financial s......

...dator and insolvency practitioner, Anthony Kikivarakis, partner, Deloitte. Aliya Allen, BFSB CEO, says: “The legislative developments and the seminar itself reflect the close and ongoing partnerships which BFSB enjoys with industry associations. These partnerships have been and will remain a vital channel for meaningful action that is in the best interests of the industry and our jurisdiction. Members are encouraged to take advantage of this partn......

...ges in international financial services in the other global markets,” says Aliya Allen BFSB’s CEO and executive director. “Landfall events were strategically conceived as a platform for conveying The Bahamas Advantage for private wealth and asset management, residency and international business, engaging multiple stakeholders.” Bahamas Landfall presentations will feature Bahamian practitioners and fund managers who will provide an update on invest......

...Marc Fellay, chairman, Association of International Banks and Trust Companies (AIBT); Philippa Willie, operations product specialist, UBS Trustees (Bahamas) Ltd; and Aliya Allen, chief executive officer and executive director, the Bahamas Financial Services Board (BFSB).......

...xpertise on this important US Tax Initiative. BFSB chief executive officer Aliya Allen says that FATCA, which was enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, is “an important development in US efforts to combat tax evasion by US persons holding investments in offshore accounts.” Under FATCA, certain US taxpayers holding financial assets outside the US must report those assets to the IRS. In addition, FATCA wi......

...o will speak on the regulatory environment for service providers. BFSB CEO Aliya Allen says the event will be of relevance to anyone new to the captive insurance industry–or anyone that just wants to reinforce what they already know. Captive Insurance Basics has been structured as an introductory level seminar that will cover the basics (Captives 101 approach) and will include: typical structures, benefits of a captive programme, feasibility analy......

...mber 7 press conference were: Tanya Rahming of the Bahamas Institute of Chartered Accountants (BICA); Bruno Roberts, vice president of the AIBT; Marsha Ferguson, president of the Bahamas Association of Compliance Officers (BACO); Aliya Allen, chief executive officer of the Bahamas Financial Services Board (BFSB); Antoinette Russell (AIBT); Michelle Neville Clarke of Lennox Patton; Wendy Warren of Caystone Solutions; and Jean Marc Fellay, chairman......

...s in a Global Context with a Regional Focus” and speakers also included Bahamas Financial Services Board chief executive officer Aliya Allen. cmorris@dupuch.com......

...tudent of the Year will be announced – academy award style. BFSB CEO Aliya Allen says, “This awards programme recognises and pays tribute to “People Power” – recognised as one of the most important assets of our financial services industry. Capacity building to meet the myriad challenges and opportunities that confront us today remains a key to success, and the sustainability of our sector.” The 2012 Nominees are: ACHIEVER OF THE YEAR Christan L.......

Aliya Allen , chief executive officer and executive director of the Bahamas Financial Services Board (BFSB) , has announced that an independent Blue Ribbon Panel has named April Nicole Turner as the Financial Services Industry’s Executive of the Year April Nicole Turner. A partner of the law firm of McKinney, Bancroft & Hughes , April Turner also serves as chief operating officer at affiliate MB&H Corporate Services Ltd–a licensee under the Finan......

...an attractive risk financing option,” says BFSB’s chief executive officer Aliya Allen. “Fortunately, starting and operating a captive has never been more straightforward, particularly in The Bahamas. Here we have over 40 years of experience in the sector–and over 80 in the financial services sector as a whole–an internationally lauded regulatory and legal framework, an exacting yet supportive regulator, and a world-class talent pool of profession......

...ning the event, chief executive officer and executive director of the BFSB Aliya Allen called the regulation “a broad and sweeping sea change in the financial world” and said it was making headlines around the globe. “The reality is FATCA is here and FATCA is not going away,” she told attendees. Minister for Financial Services Ryan Pinder said FATCA was an indication of the growing importance of compliance. “We as an industry must be prepared to a......

...of State for Investment Khaalis Rolle and chief executive officer and executive director of the Bahamas Financial Services Board Aliya Allen. cmorris@dupuch.com......

...the conference, as delegates and exhibitors. BFSB chief executive officer Aliya Allen says: “Since BFSB began refocusing on the promotion of the captives sector in 2012 we have achieved measurable results and The Bahamas is making strides to firmly position itself as a competitive domicile for captives and international insurance. Our participation in CICA along with ICB is a critical element of our strategic positioning – every domicile with cap......

...your success.” The BFSB Millennials Society was launched in November 2014 and supports Bahamian millennials (those born between 1981 and 2001) in the financial services sector by connecting them with mentors and hosting networking events. BFSB CEO Aliya Allen called the society a “passion project” and said the younger generation have an important role to play in the industry. “We believe you have something very valuable to contribute to this indu......