The OECD today reports that a further 350 bilateral automatic exchange relationships have been established between over 50 jurisdictions committed to exchanging information automatically, pursuant to the OECD [Common Reporting … Read More
International Issues
BEPS Action 4 Report to Curb International Tax Avoidance
The OECD has released an updated version of the 2015 BEPS Action 4 Report, which includes further guidance on two areas: the design and operation of the group ratio rule, … Read More
The Bahamas Makes Progress in the Implementation of CRS
Minister of Financial Services the Hon. C.V. Hope Strachan reported today that [the Bill](https://bfsb-bahamas.com/news.php?cmd=view&id=3694&pre=y) to provide for the implementation of the Common Standard on Reporting and Due Diligence for Financial … Read More
EU Council on Money Laundering and Terrorist Financing
The Council has agreed its negotiating stance on strengthened EU rules to prevent money laundering and terrorist financing. Today the Permanent Representatives Committee, on behalf of the Council, asked the … Read More
FSB On Decline in Correspondent Banking
The Financial Stability Board (FSB) has released its latest progress report on the implementation of its four-point action to assess and address the decline in correspondence banking. The progress report … Read More
Equipping Lawyers in Fight Against Corruption
The OECD has joined forces with the [International Bar Association](http://www.ibanet.org/) (IBA) to form a task force to develop professional conduct standards and practice guidance for lawyers involved in establishing and … Read More
Monaco Ratifies The Convention on Mutual Administrative Assistance in Tax Matters
Today Monaco deposited its instrument of ratification for the [Convention on Mutual Administrative Assistance in Tax Matters](http://www.oecd.org/tax/exchange-of-tax-information/convention-on-mutual-administrative-assistance-in-tax-matters.htm), underling its commitment to fight tax evasion and avoidance. It is another important … Read More
IMF Mission Concludes Visit to The Bahamas
An International Monetary Fund (IMF) team led by Jarkko Turunen visited The Bahamas from December 7-13, 2016, to update the economic and financial outlook following Hurricane Matthew. The team reports … Read More
FSB Regional Consultative Group for the Americas Meets in Nassau
The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Americas met in Nassau today at a meeting hosted by the Central Bank of The Bahamas. At their meeting, … Read More
Global Tax Transparency Summit Backs Push for Greater Transparency
Twenty-six Parliamentarians have now signed a concordat calling on governments to support greater tax transparency by multinational companies. The signatories were in London for today’s [Global Tax Transparency Summit](http://www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/taxation/global-tax-summit-16-17/), hosted … Read More