Speaking at a recent Bahamas Association of Compliance Officers event, tax experts cautioned financial services providers not to be complacent regarding the upcoming US Foreign Account Tax Compliance Act and noted that other jurisdictions are likely to follow suit with similar legislation.

Ambassador of the People’s Republic of China to The Bahamas Hu Shan made a two-day visit to Grand Bahama this week to donate computers and strengthen diplomatic and business ties. Pictured: Hu Shan, Ambassador of the People’s Republic of China to The Bahamas, pays a courtesy call on Minister for Grand Bahama Michael Darville. Left to right: Minister Darville; Ambassador Hu; and Melvin Seymour, permanent secretary in the Ministry for Grand Bahama.