BUSINESS LICENSE ACT
 
PROCEEDS OF CRIME ACT 2000
 
PROCEEDS OF CRIME (AMENDMENT) ACT
 
FINANCIAL TRANSACTION REPORTING ACT
 
FINANCIAL TRANSACTION REPORTING REGULATIONS
 
FINANCIAL INTELLIGENCE TRANSACTION REPORTING REGULATIONS
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
     
       
       
     
       
  PART I   PRELIMINARY PROVISIONS
       
  1.   Short title
  2.   Interpretation.
  3.   Definition of “financial institution”.
  4.   Amounts not in Bahamian currency.
  5.   Act to bind the Crown.
       
  PART II   OBLIGATIONS ON FINANCIAL INSTITUTIONS TO VERIFY IDENTITY
       
  6.   Financial institutions to verify identity of facility holders.
  7.   Financial institutions to verify identity of persons conducting certain occasional transactions.
  8.   Verification where persons acting on behalf of others in respect of occasional transactions.
  9.   Verification where facility holders acting on behalf of others.
  10.   Application of sections 8 and 9 in relation to beneficiaries under a trust.
  11.   Verification where offence under Proceeds of Crime Act suspected.
  12.   Procedures for verifying identity.
  13.   Offences.
  14.   Defence.
       
  PART III   OBLIGATION TO REPORT SUSPICIOUS TRANSACTIONS
       
  15.   Financial institutions to report suspicious transactions.
  16.   Auditors to report suspicious transactions.
  17.   Protection of persons reporting suspicious transactions.
  18.   Legal professional privilege.
  19.   Suspicious transaction reports not to be disclosed.
  20.   Protection of identity of persons making suspicious transaction reports.
  21.   Offences.
  22.   Defence.
  23.   Application of information.
       
  PART IV   RETENTION OF RECORDS
       
  24.   Obligation to keep transaction records.
  25.   Obligation to keep verification records.
  26.   Obligation to keep prescribed records.
  27.   How records to be kept.
  28.   When records need not be kept.
  29.   Destruction of records.
  30.   Other laws not affected.
  31.   Offences.
       
  PART V   SEARCH WARRANTS
       
  32.   Search warrants.
  33.   Form and content of search warrant.
  34.   Powers conferred by warrant.
  35.   Person executing warrant to produce evidence of authority.
  36.   Notice of execution of warrant.
  37.   Custody of property seized.
  38.   Procedure where certain documents seized.
  39.   Disposal of things seized.
       
  PART VI   COMPLIANCE COMMISSION
       
  40.   Establishment of Commission.
  41.   Membership of Commission.
  42.   Term of appointment.
  43.   Exclusion from membership.
  44.   Functions of the Commission.
  45.   Production of records.
  46.   Confidentiality.
  47.   Meaning of financial institution.
  48.   Codes of practice.
       
  PART VII   MISCELLANEOUS PROVISIONS
       
  49.   Liability of employers and principals.
  50.   Directors and officers of bodies corporate.
  51.   Non-compliance not excused by contractual obligations.
  52.   Regulations.
       
      FIRST SCHEDULE.
      SECOND SCHEDULE — Details to be Included in Suspicious Transaction Report