Legal
The Bahamas Passes the Automatic Exchange of Financial Account Information Act, 2016
The Automatic Exchange of Financial Account Information Act, 2016 ("Act") came into force in The Bahamas on 1st January, 2017. The Act facilitates the implementation and enforcement in The Bahamas of the Common Reporting Standard ("CRS") as developed by the Organization for Economic Cooperation and Development ("OECD"). The CRS marks…
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