The Bahamas Financial Services Board attended the annual Society of Trust and Estate Practitioners (STEP) Caribbean Conference in Bridgetown, Barbados May 7th -9th under the theme "Fast Forward: Future Thinking." STEP is the global professional association for practitioners who specialise in family inheritance and succession planning. The organisation works to improve public understanding of the issues families face and promotes education and high professional standards among its members.
The STEP Caribbean Conference has a strong track record that spans twenty years of educating and informing trust and estate practitioners. It offers practitioners a forum for learning and sharing of ideas, discussing recent developments and global industry trends as well as benefiting from the experience of the visionaries on the roster of presenters.
This year over two-hundred and fifty delegates were in attendance from all over the world. The conference agenda focused on key issues such as:
- The Common Reporting Standard
- Fake News, Scandals & Political Uncertainty
- Data Security and Cyber Threats
- Terrorist Financing-Follow the Money
- Cryptocurrencies and Digital Assets-Estate Planning Considerations
With over eighty years of experience in financial services, few jurisdictions can match the wealth-management credentials of the Bahamas. The ease of communications, favorable tax regimes and favorable trust laws are some of the key reasons why the Bahamas is so highly rated as a premier wealth management jurisdiction. BFSB's attendance at STEP CC 2018 was aimed at showcasing why the Bahamas is one of the leading jurisdictions for trust, estate planning and wealth management. STEP CC 2019 will be hosted in The Bahamas at the Bah Mar Resort.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.