Many Bahamian financial institutions (“BFIs”) have now registered with and submitted reports to the Bahamian Government on accounts held by U.S. persons pursuant to The Bahamas and the United States of America Foreign Account Tax Compliance Agreement Act, 2015 (the “FATCA Act”), which came into force on 18th August, 2015.

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FOCUS Vol. 66 Issue 1/2024

This issue discusses banking and finance trends, tax obligations and enforcement of foreign judgments in The Bahamas.

Enforcement of Foreign Judgments in The Bahamas

Where The Bahamas is not a party to any international conventions concerning the recognition and enforcement of foreign judgments,...