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Foreign Currency Accounts- Money Transmission Businesses

Published: Friday January 28th, 2022
  1. purpose for which the account is to be held;
  2. specific scope of the company’s activities along with an explanation of how the account will facilitate such activities;
  3. source of funds to be credited to the account;
  4. expected type of payments to be made from the account;
  5. estimated monthly income and expenditure;
  6. expected monthly balance;
  7. bank and branch at which the account is to be held;
  8. nationality and Bahamas immigration status of the company’s beneficial owners, with documentation;
  9. a copy of the company’s Certificate of Incorporation;
  10. a copy of the company’s current Business License/Certificate of Good Standing;
  11. a copy of the company’s license from the Bank Supervision Department of the Central Bank of The Bahamas;
  12. a copy of the company’s Financial Corporation Service Providers license, if applicable.
Document(s)
Foreign Currency Accounts Money Transmission Businesses
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