#Bahamas, March 9, 2018 – Nassau – Under the theme, “The Bahamas: the Clear Choice for Financial Services,” Attorney General and Minister of Legal Affairs, the Hon. Carl W. Bethel, QC, updated the Bahamas Financial Services Board’s (BFSB) ‘Bahamas Briefing’ at Baha Mar, March 1, highlighting the importance of international cooperation in the financial sector, given it is an extremely integrated global system.
He added over the past 20 years the international regulatory community has experienced rapid growth and change, in order to keep up with crimes — financing of terrorism and money laundering presenting challenges to the financial sector. He affirmed that the challenges affect every jurisdiction on every continent, and as a result The Bahamas has and continues to make significant advances to ensure its financial sector survives and rules adhere to internationally accepted best practices and regulatory principles.
(BIS Photo/Derek Smith)