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Bahamas Financial Services Board
With the recent introduction of the Digital Assets and Registered Exchanges legislation (DARE) The Bahamas has quickly jumped to the forefront of growing global interest in digital assets business.
Lennox Paton
In The Bahamas, the Health and Safety at Work Act (1) stipulates that it is the duty of an employer to reasonably ensure the health, safety and welfare of all its employees (2).
Bahamas Financial Services Board
This White Paper sets out a vision and a framework to guide Bahamian digital asset policy between now and 2026.
Bahamas Financial Services Board
The government will this year start enabling the access of Bahamians to digital assets using Bahamian dollars, and enable the payment of taxes using digital assets, Prime Minister Philip Davis announced yesterday ...
Bahamas Financial Services Board
The Bahamas has "an incredible opportunity to reclaim lost ground and be part of finance's new frontier", digital asset specialists argued yesterday, as they hailed the Government's release of its "vision" for the $3trn industry.
Bahamas Financial Services Board
April 7, 2022, Nassau Bahamas, Today, The Bahamas is compliant or largely compliant in 38 of the 40 FATF Recommendations.
Bahamas Financial Services Board
We are pleased to advise that On Friday 7 January 2022, the European Commission adopted a new regulation to update the EU AML Blacklist, including delisting The Bahamas from the List of Third-country Jurisdictions which have ...
Bahamas Financial Services Board
On the 22nd of December 2021 a meeting of the European Commission College of Commissioners was held, and the revision of the List of Third-country Jurisdictions which have Strategic Deficiencies...
Bahamas Financial Services Board
Following a general election in The Bahamas on September 16th Senator Hon. Michael Halkitis was appointed as Minister of Economic Affairs with responsibility for financial services.
Bahamas Financial Services Board
The Bahamas Financial Services Board sponsored the Latin America ESG Summit in Miami, Florida at the Conrad Hotel.
Bahamas Financial Services Board
Following consultation with key stakeholders and leaders of industry associations, the Government of The Bahamas has expressed its support, for the proposals of the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting ...
Bahamas Financial Services Board
Only July 1st, 2021 The Government of The Bahamas officially expressed its support, for the proposals of the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting to reform the global taxation system.
Lennox Paton
In 2017 The Bahamas enacted the Homeowners Protection Act (HPA). The legislation was touted as "groundbreaking" and was designed to provide "meaningful protection to homeowners by ensuring a true...
Lennox Paton
The Bahamas is a common law jurisdiction. The legislative provisions of the Rules of the Supreme Court govern the procedure of the Courts in conducting litigation, and common law precedent is also relied on.
Lennox Paton
Abaco, Grand Bahama and the surrounding Cays were severely impacted by Hurricane Dorian in 2019.
Lennox Paton
On 1 March 2021 Prime Minister Dr Hubert Minnis announced a Real Property Tax (RPT) Forgiveness Programme which will provide waivers to Bahamian and non-Bahamian property owners in The Bahamas who are in arrears.
Lennox Paton
2020 saw the modernisation of key financial services legislation. The Central Bank of The Bahamas sought to consolidate and modernise its primary legislation, repealing and replacing the Banks and Trust Companies Regulations Act.
Lennox Paton
This country-specific Q&A provides an overview of Banking & Finance laws and regulations applicable in The Bahamas.
Worldwide
HarleyJames Law
Recent legislative changes in the aviation sector have/has catapulted The Bahamas to the forefront of the global aviation industry.
WilmerHale
On 19 April 2021, the Judicial Committee of the Privy Council ("Privy Council") rendered its decision in RAV Bahamas and another v Therapy Beach Club Incorporated (Bahamas)...
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