The Bahamas: Meeting International Standards And Client Needs

In the past few years, international financial centres have had to respond to a number of international initiatives focused on fighting financial crime, tax transparency, and cooperation measures. They have required IFCs to implement robust legal and regulatory regimes to address economic substance, preferential tax regimes, and access to beneficial owner information. The Bahamas, situated off the eastern coast of the United States, has just passed this complex set of tests with flying colours and has been 'whitelisted' by the trading bloc. A suite of legislation and economic planning has led to a revitalisation of their financial services, both in the well-established field of wealth management and in other areas.

Barbados: Enduring Substance