Bahamas Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Primary Legislation

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Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Individuals and businesses must comply with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations[1].. Businesses (e.g., crypto exchanges or service providers) follow general financial reporting, including annual license fees for International Business Companies (IBCs), but no profit or income tax filings[4].. Crypto firms need Securities Commission of The Bahamas (SCB) approval under the Digital Assets and Registered Exchanges (DARE) Act 2024 for activities like token issuance, exchanges, custody, or staking[4][7].. **Securities Commission of The Bahamas (SCB)**: Oversees digital assets under DARE Act. https://www.scb.gov.bs/. **Central Bank of The Bahamas**: General financial regulation; no crypto tax guidance. https://www.centralbankbahamas.com/

Key Facts

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