Mr Ramonne Gardiner

Ramonne Gardiner

Updates

Private Client & Offshore Services

Register of Beneficial Ownership Act: a new day for beneficial owners
Bahamas | 09 May 2019

Since 2001 international organisations such as the Financial Action Task Force have pressured offshore financial centres to pass legislation in order to increase transparency within their financial services sectors. As such, the Register of Beneficial Ownership Act recently came into effect in The Bahamas. The act seeks to create a private search registry containing details of beneficial owners of domestic and international companies in The Bahamas.