Bahamas: Reporting Undocumented Accounts

On July 14, 2025, the Bahamas Competent Authority posted that effective immediately, Reporting Financial Institutions are required to report Undocumented Accounts. The document outlines special procedures that a Reporting FI must take when it is unable to obtain information from a Preexisting Individual Account Holder in order establish her tax residence. 

This link will take you to the document issued by the Bahamas: https://taxreporting.finance.gov.bs/wp-content/uploads/2025/07/AEOI-UNDOCUMENTED-ACCOUNTS-11-JULY-2025-1.pdf

For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.