Search results for : Central
July 11, 2023
Central Bank announces 'facelift' for SandDollar mobile wallet
NASSAU, BAHAMAS — The Central Bank has revealed that the its original SandDollar mobile wallet is undergoing a "facelift" to create a smoother interface and promote a better user experience, with a public release expected in September. In its recent SandDollar update, the regulator noted that during the month of June it continued its SandDollar [...]
June 23, 2023
Central Bank urges banks to develop plans to manage risk
The Central Bank of The Bahamas (CBOB) yesterday released a framework for commercial banks to have in place enterprise risk management (ERM) moving forward, the CBOB said in a press statement. The CBOB said the release of the guidance notes means supervised financial institutions (SFIs) - commercial banks - will be required to submit their ...
The post Central Bank urges banks to develop plans to ...
June 22, 2023
DEPRESSION MOVING WEST-NORTHWESTWARD OVER THE TROPICAL CENTRAL ATLANTIC
AT 11:00 AM EDT, THE CENTER OF TROPICAL DEPRESSION FOUR WAS LOCATED NEAR LATITUDE 11.3 NORTH, LONGITUDE 42.9 WEST.
June 20, 2023
Government Forging Ahead with Plans to Improve Central & South Eleuthera
Minister of Agriculture, Marine Resources and Family Island Affairs, the Hon. Clay Sweeting said that in addition to improvements to roads and the building of new homes in Eleuthera, other projects are scheduled to enhance the island. During his contribution to the 2023/2024 budget debate on Monday, 12th June, the Minister said that although it appeared that successive governments had forgotten th...
June 18, 2023
A Severe Thunderstorm Warning Remains In Effect For Central and South Abaco
A SEVERE THUNDERSTORM WARNING REMAINS IN EFFECT FOR CENTRAL AND SOUTH ABACO AND THEIR ADJACENT WATERS.
A SEVERE THUNDERSTORM WATCH IS NOW IN EFFECT FOR BIMINI AND ITS ADJACENT WATERS.
June 08, 2023
Central Bank Sand Dollar Top Up Launched At Super Value
NASSAU, BAHAMAS - Sand Dollar is on the move. This as the Central Bank of The Bahamas is continuing its educational campaign by encouraging customers to use Sand Dollar for local purchases.
May 30, 2023
Central Bank announces technical developments, upgrades for mobile wallet holders
NASSAU, BAHAMAS- The Bank of The Bahamas (BOB) will soon become the latest authorised financial institution (AFI) to begin providing SandDollar wallet services to customers in a targeted and phased rollout according to the Central Bank, with the regulator also revealing technical developments and upgrades for mobile wallet providers. In a recently released public update [...]
May 18, 2023
Central Bank: Firms in shadow shopping exercise AML compliant
The Central Bank of The Bahamas (CBOB) revealed yesterday that 100 percent of the financial firms engaged in a shadow shopping exercise were compliant with anti-money laundering (AML) regulations in The Bahamas. In a first, CBOB engaged specialist firm Evaluasi - which is comprised of some of the world's leading AML researchers - to conduct ...
The post Central Bank: Firms in shadow shopping exerc...
May 16, 2023
Central Bank reports growth in electronic transactions
Bahamian residents continued to reduce their reliance on cash in 2022, with new data from The Central Bank of The Bahamas (CBOB) showing growth in electronic transactions. The bank in its 2022 Annual Report said the growth was led by a more than 18 percent increase in debit card transactions during the year. "Growth in ...
The post Central Bank reports growth in electronic transactions appeared fi...
May 16, 2023
Central Bank reveals nearly $90 million in dormant bank accounts.
NASSAU, BAHAMAS- Just under $90 million in dormant bank accounts were in the custody of the Central Bank at year-end 2022 according to the regulator. The Central Bank in its annual report and statement of accounts for 2022 noted that at December 31st, December 2022, it maintained custody of 41,878 dormant facilities, with balances totalling [...]
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