The Bahamas has an excellent record, dating back to 1987, for robust Anti-Money Laundering arrangements. The Bahamas first criminalized the proceeds of drug trafficking in 1987 with the enactment of the Tracing and Forfeiture of Proceeds of Drug Trafficking Act. On January 30, 1989, the Commonwealth of The Bahamas became the first country to ratify the 1988 UN Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances....

To read the full text of this article you need to login. Please login below, and click submit.   Email/ Username: Please enter your username or email address that your registered with us.   Password:   If you have fogotten your login details or need to register with Mondaq please select one of the options below.   This service is completely FREE but for the full article and thousands of other articles from 100+ countries please tell us about yourself by registering (and yes, our lawyers like to think you've read our Disclaimer).

Specific Questions relating to this article should be addressed directly to the author.

Do you have a question for the author?

Other Information about Bahamas Financial Services Board

View summary of all information contributed by Bahamas Financial Services Board

View Popular Related Articles on from UK

Russia And Guernsey – The Perfect Fit (GuernseyFinance)

Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is ideally suited to providing financial products and services for a rapidly developing Russia.

Guernsey Remains A MENA Favourite (GuernseyFinance)

Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explains why the jurisdiction continues to prove attractive to MENA managers.

Guernsey At The Core Of Cells (GuernseyFinance)

It was 14 years ago that Guernsey led the way in pioneering the Protected Cell Company (PCC), says Ian Rouget, Associate Director at Ardel.

JLT Guernsey To Play Key Role In New UK 95% Mortgage (GuernseyFinance)

The Guernsey office of the Jardine Lloyd Thompson Group plc (JLT) is to play a key role in a new mortgage indemnity insurance scheme being introduced in the UK.

The Leader In Private Equity Fund Administration (GuernseyFinance)

Guernsey has an investment fund industry with a heritage that stretches back half a century.

India Is Ready For Trusts (GuernseyFinance)

The Nerine Group of Fiduciaries has become the first Channel Islands independent trust company to open an office in India.

Guernsey Sees 50%+ Rise In Insurance Licenses Issued (GuernseyFinance)

The number of insurance licenses issued in Guernsey last year rose more than 50% compared to the previous 12 months.

Offshore Trustees’ Rebasing Election – Are You Running Out Of Time? (Withers LLP)

A Rebasing Election restricts the amount of gains that can be charged on a UK resident but non-domiciled (so called ‘non-dom') beneficiary to the proportion of the gain which accrued after 6 April 2008.