CENTRAL BANK

As a mature and sophisticated financial centre, the array of financial services in The Bahamas also includes international business companies (IBC), mutual funds, and insurances services. The IBC is a flexible form of corporate vehicle governed by the International Business Companies Act, 2000, which superseded the existing 1989 IBC Act and made significant changes to the operation of the vehicle. IBCs can only be incorporated by a bank or trust company - which is regulated by the Central Bank - or a person licensed under the Financial and Corporate Services Providers Act, 2000. Mutual Funds operating in The Bahamas take the form of either managed investment companies with shares, or trusts with units representing ownership. Mutual Funds are regulated by the Mutual Funds Act, 1995 and the Mutual Funds Regulations, 1995 with oversight and supervision by the Securities Commission of The Bahamas... The Central Bank plays a crucial role in preventing and detecting financial crimes by..

Primary location: Nassau