Supervisor and Regulator of the Financial System

What is an Authorised Agent ?

An Authorised Agent is a trust company authorised by the Central Bank to deal in Bahamian and foreign securities, and to receive securities into deposit (i.e. to act as custodian) in accordance with the terms of Exchange Control Regulations Act, 1965 and Exchange Control Notices issued by the Bank. They can offer trust / fiduciary services to residents and non-residents.

As of September 30, 2007 there were fifteen Authorised Agents operating in The Bahamas, namely:

Ansbacher (Bahamas) Limited, The Bank of Nova Scotia Trust Company (Bahamas) Limited, Bank of The Bahamas Trust Limited, CIBC Trust Company Bahamas) Limited, Cititrust (Bahamas) Limited, Fidelity Merchant Bank and Trust Limited, Latin American Investment Bank Bahamas Limited, J.P. Morgan Trust Co. (Bahamas) Ltd., Pictet Overseas Trust Coporation Lmited, Royal Bank of Canada, SG Hambros Bank and Trust (Bahamas) Limited, Butterfield Bank (Bahamas) Limited, Royal Bank of Canada Trust Company (Bahamas) Limited, UBS Trustees (Bahamas) Limited and Lloyds TSB Bank (In Liquidation).

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 If I hold a client account with a bank or trust company whose license has been revoked, how do I get my money from that bank or retrieve my assets from the trust company?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