12/30/2022

Central Bank wants stricter due diligence to stop another FTX

In its newly released guidelines, the bank is asking for the risk management framework governing digital assets activity to be fully integrated into the overall risk management processes of the supervised financial institution (SFI).

12/29/2022

Bahamas now largely compliant on all 40 FATF recommendations

The Bahamas has been in an enhanced follow-up process, following the adoption of the CFATF mutual evaluation report, which assessed the effectiveness of The Bahamas’ anti-money laundering and counter-terrorist financing (AML/CFT) measures and the co

12/28/2022

Money transfer transactions exceeded 12 million in 2021

The data also shows that December, the month in which it is believed cash is often sent as a holiday gift, is not always the month of highest inflows, as remittances have crested at other periods over the last three years.

12/21/2022

Tech hub suspends work amid payment row with Government

The Government earlier guaranteed a $2.5 million bank loan to InnoFund, which partnered with a leading technology accelerator based in Toronto and had a meeting with the Premier as plans to help boost business on the island were developed.