The Bahamas Government issue a release on 1 October regarding its commitment to modernizing the financial services sector. In relation to this, the release notes that the government will be introducing relevant amendments to existing laws and will be launching a Tax Residency Certificate (TRC) by the end of 2020 to comply with international standards. According to the Minister of Financial Services, Trade and Industry and Immigration, the TRC is a high priority item on the Ministry's agenda, as there has been mounting international pressure to formally identify the expatriate residents and investors who are domiciled within Bahamian borders to...