Its stature within The Bahamas is reinforced by its longstanding presence in the jurisdiction; The Bahamas in fact has been regulating banks and trust companies in The Bahamas since 1965.
What are the measures taken by the government of the Bahamas?
The Government of The Bahamas has taken measures to: protect the reputation of The Bahamas as both a responsible and reputable international financial centreprevent the use of the banking system for criminal purposes; prevent de-stabilization of the domestic economy while promoting legitimate economic activity;
Who are the insurance regulators in the Bahamas?
The Bahamas is a member of the International Association of Insurance Supervisors (IAIS) which is recognised as the standard setting body for insurance regulators. It also is a member of the Group of Offshore Insurance Supervisors (OGIS) and a member of the Caribbean Association of Insurance Supervisors.
Did Bahamian regulators steal $477 million from FTX?
Crypto research firm Elliptic, however, believes that the $477 million theft reported over this weekend was tied to moves by Bahamian regulators. Statements from both the Bahamas and U.S. attorneys suggest “that the ‘hack’ was actually the seizure of FTX assets by the Bahamian government,” Elliptic wrote.
