FAQs

Supervisor and Regulator of the Financial System

If I hold a client account with a bank or trust company whose license has been revoked, how do I get my money from that bank or retrieve my assets from the trust company?

When a bank or trust company is forced into liquidation, the Supreme Court will appoint an official Liquidator who will be responsible for the execution of all matters pertaining to the closure of that institution. Depositors and/or trust clients will be duly notified of this appointment, and will be requested to submit all claims and/or requests for transfer of assets under administration, in writing to the Liquidator.

Institutions which voluntarily liquidate, must give due notice in the local papers, and are obligated to notify all clients of the liquidation, and to address their claims. Should a creditor be unsatisfied with the shareholders' appointed liquidator, he/she may approach the Courts and petition for a Court appointed liquidator and supervision of the liquidation process by the Courts.


  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 If I hold a client account with a bank or trust company whose license has been revoked, how do I get my money from that bank or retrieve my assets from the trust company?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