The Central Bank of The Bahamas (“The Central Bank”) may assist a foreign or domestic regulator in accordance with provisions allowing for disclosure of information under Bahamian law. In this regard, the Central Bank regularly cooperates with both foreign and domestic authorities via the sharing of information.
Where a Memorandum of Understanding (“MOU”) exists, the Central Bank is allowed to disclose information about its Supervised Financial Institutions to the relevant foreign regulator. Requests for assistance should generally be made in accordance with the provisions of the MOU. Where no MOU exists, the Central Bank will take appropriate steps to cooperate with foreign regulators and or competent authorities, acting pursuant to legislative requirements.
The Central Bank also receives and responds to requests from domestic regulators, including the Office of the Attorney General, the Financial Intelligence Unit, the Royal Bahamas Police Force, the Securities Commission of The Bahamas, Gaming Board for The Bahamas and the Insurance Commission of The Bahamas, inter alia.
Upon receipt of a request for assistance, the Central Bank will confirm that all relevant criteria relating to disclosure of information under Bahamian laws are met (or where there is a MOU in place, confirm compliance with the criteria arising thereunder) and thereafter respond to the request as soon as practicable.
Requests to the Central Bank from foreign and domestic regulators should be sent to the noted mailbox: [email protected].
