To provide participants with the basic knowledge and fundamental principles of Trust law and Administration. The program is divided into two stages. Upon completion, participants will have a good knowledge of beneficiaries, the risks and liabilities of Trustees and the ways in which those risks and liabilities may be eliminated or minimized. Participants will also have a fundamental understanding of Key administrative tasks required for the establishment of trusts accounts, administration of routine and trust accounts and the process of termination of beneficiaries interests and of trusts in general.
Corporate Members An invitation is extended to all Banks,
Trust Companies and other organisations operating in the Bahamas
to join the Bahamas Institute of Financial Services.
ABIFS Members We currently have 556 ABIFS Certificate holders
Our Partners Our partners include many financial,
educational, and local organizations. We also provide a link to
their web sites for more information.
Confidence, Integrity & Loyalty
Syllabus
Participants, upon completion will have a comprehensive knowledge and understanding of Modern Company Law and Administration, particularly as it applies to the Incorporation and Management of Offshore Private Companies. This subject encompasses the important differences between IBCs and Ordinary Companies. It fully explains the Rights, Duties and Responsibilities of Shareholders, Officers and Directors. Administrative and Legal aspects of Corporate Management and Termination as well as Jurisdictional Differences, Compliance and Risk on the local and international level are fully discussed.
Participants will be required to complete assignments and to take stipulated exams. There will also be a final exam. The passing grade for the course is 70%. Participants are encouraged to complete the entire program, (i.e. Stages I & II). At the completion of Stage I, participants will be awarded a certificate of completion.
