FAQs

Supervisor and Regulator of the Financial System

How many banks or trust companies have had their licences revoked since the implementation of new financial legislation and regulation on December 29, 2000?

Since the implementation of the new legal and regulatory framework (which included a nine-piece package of new legislation) through to end-December 2006, approximately 200 banks and trust companies have had their licenses revoked.


  1. What is a trust company?
  2. What is an Authorised Dealer?
  3. What is an Authorised Agent ?
  4. How many banks and trust companies are there licensed to do business in The Bahamas?
  5. What is offshore banking business?
  6. Can I file a complaint with the Central Bank regarding a bank or other financial institution?
  7. I'm interested in establishing a bank/trust company in The Bahamas, how should I proceed?
  8. How many banks or trust companies have had their licences revoked since the implementation of new financial legislation and regulation on December 29, 2000?
  9. What legislative and regulatory changes facilitated the removal of The Bahamas from the 'blacklist' of non-cooperative countries and territories issued by the FATF?
  10. If I hold a client account with a bank or trust company whose license has been revoked, how do I get my money from that bank or retrieve my assets from the trust company?


Available FAQs