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Results for: FATCA

MLRO Day stresses importance of compliance

Thursday, October 16th, 2014 | Filed Under: News & Press

...The legislation was tabled in parliament at the beginning of September and is currently being debated. BACO’s MLRO Day also included sessions on FATCA, cyber crime and enhanced due diligence. cmorris@dupuch.com......


Ministry to establish training centre

Tuesday, May 27th, 2014 | Filed Under: News & Press

...S seminars run May 27-29 and include presentations on topics such as value added tax (VAT), the Foreign Accounts Tax Compliance Act (FATCA) and BASEL III. cmorris@dupuch.com......


Business news – video

Tuesday, July 21st, 2015 | Filed Under: News & Press

...The government making its treasury notes available to Bahamians and impending FATCA regulations top the news at the start of the week.......


Minister Mitchell reports on CARICOM meeting

Thursday, February 28th, 2013 | Filed Under: News & Press

...ribbean Prime Ministers also discussed the impact of the new US tax ruling FATCA , according to Mitchell. The Minister added that he and Minister Nottage visited former President of Haiti Jean Bertrand-Aristide, who now runs a medical school. Minister Mitchell added that CARICOM is important for the region, as it provides a stage for discussion and action for issues pertinent to the region. “It is important when the conversation takes place for th......


CEO Allen outlines BFSB 2013 focus

Tuesday, February 5th, 2013 | Filed Under: News & Press

...order,” she advised. Meantime, the US Foreign Account Tax Compliance Act (FATCA) remains a hot topic for the board. The BFSB is a part of the government advisory group that is working on the matter. “We will seek to coordinate and collaborate much more,” said Allen. BFSB will also remain focused on its mandate for promotion, with trips to Brazil and other Latin American destinations also planned for the first half of 2013. A busy calendar will be......


New team new vision

Tuesday, January 15th, 2013 | Filed Under: Features

...ent (OECD) and the enactment of the US Foreign Account Tax Compliance Act (FATCA) are having a dramatic impact on the way offshore financial centres conduct their business. Pinder is confident that the jurisdiction can be flexible and agile enough to respond to such changes. “Our financial services track record indicates that we are able to legislate new products and respond to industry concerns and desires pretty quickly when compared to the othe......


Allen: Innovation key to tapping LatAm

Friday, November 15th, 2013 | Filed Under: News & Press

...te of Chartered Accountants (BICA) and runs November 11-15. Topics discussed during the four days of seminars and presentations included tax reform, the FATCA legislation, trade agreements and legislative changes. cmorris@dupuch.com......


Ministers to speak at MLRO Day

Tuesday, September 17th, 2013 | Filed Under: News & Press

...Nicola Virgill-Rolle will examine the Foreign Account Tax Compliance Act (FATCA) and how The Bahamas will implement the new regulation, which requires foreign financial institutions (FFIs) to disclose information on their US accounts to the US Treasury. Last month, Minister Pinder revealed that the government would enter a Model 1 Intergovernmental Agreement (IGA) with the United States Department of the Treasury to ensure compliance. Registratio......


April news in review

Wednesday, May 1st, 2013 | Filed Under: News & Press

...sau on the implementation of the US Foreign Accounting Tax Compliance Act (FATCA), while the Bahamas Association of Compliance Officers (BACO) held its 8th Annual Northern Bahamas Conference in Freeport, Grand Bahama. Speaking at the BACO forum, Attorney General and Minister of Legal Affairs Allyson Maynard Gibson said: “As a nation we must continually maximize our reputational capital in the financial services world as a top tier jurisdiction by,......


Pinder: FS sector to grow, despite industry changes

Thursday, October 17th, 2013 | Filed Under: News & Press

...ng to the imminent introduction of the Foreign Account Tax Compliance Act (FATCA) next year. “If the international community is successful in this regard, which I personally have my own doubts, then tax compliance and reporting will drastically increase.” He added: “Imagine extending what you have been putting in place to all G20 countries, an impractical measure for sure.” Still, Pinder believes that The Bahamas is in the best position to take ad......


Sixth annual Regional Compliance Conference set for March

Tuesday, February 14th, 2012 | Filed Under: News & Press

...cts and includes such topics as the cost of counterfeiting, CFATF mandate, FATCA , client name filtering, and sanctions compliance. Credits available include ICA CPD, CAMS and FIBA CPD. Additional Excel workshop on March 3 will be lead by Microsoft certified trainer and learning consultant Bentley Beckles. The workshop will cover the basics of customizing Microsoft Office Excel to suit the participant’s methods and preferences, as well as the appl......


TheBahamasInvestor.com: 2011 Year in review part 1

Tuesday, December 27th, 2011 | Filed Under: News & Press

...iance regulations contained within The Foreign Account Tax Compliance Act (FATCA) and the opening of The College of The Bahamas’ (COB) new $10-million Northern Bahamas Campus (NBC) in east Grand Bahama. The month also saw the Employers Confederation (BECon) and the Bahamas Chamber of Commerce (BCOC) consolidated to form one organization. February By February efforts by the government to attain the requisite number of 12 tax information exchange ag......


Offshore hubs “should watch” changing US law

Tuesday, November 1st, 2011 | Filed Under: News & Press

...cial institutions have always been exposed to risk. In the last 10 years that risk has been a bit more highlighted.” Against this unsettled backdrop, Bahamian financial services providers are already preparing for the Foreign Account Tax Compliance Act (FATCA) , which comes into effect January 1 2013 and will require foreign financial institutions to disclose information on all their US clients. Failure to disclose details of any US transactions c......


Bahamian lawyer presents at international AML/CFT conference – PDF

Thursday, October 24th, 2019 | Filed Under: News & Press

...lient market and corporate structuring market, he discussed the impacts on FATCA and CRS. His presentation highlighted international data protection initiatives, covering issues such as data governance and data sovereignty, and including review of the EU’s General Data Protection Regulation (GDPR). Pinder also provided a comprehensive outline of The Bahamas’ Data Protection Act and addressed the wider concern of transferring personal data abroad.......

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