Tribune 242 reported on 23rd May that the Bahamas slipped slightly in its latest OECD “peer review”, although it maintained its “largely compliant” ranking amid beneficial ownership and tax information exchange concerns. The full OECD Global Forum on transparency and tax information exchange, showed The Bahamas had slipped in give categories compared to the last review in 2013. Whereas it was rated “compliant” on access to information; its network of tax information upon request treaties; confidentiality; and the quality and timeliness of responses to requests and information 5 years ago, these had all slipped to ‘largely compliant’ in the 2018 Review. When it came to the ‘availability of beneficial ownership and identity information’, the Bahamas had fallen from ‘largely compliant’ to ‘partially compliant’. This suggests that the OECD Global Forum, as well as FATF, is a source of pressure for the Bahamas to create a centralised Beneficial Ownership Registry. The Review said it had also identified “some deficiencies” in the beneficial owner identification regime for entities supervised by the Securities Commission and Compliance Commission, while “the availability of reliable accounting information is also not consistently monitored in the Bahamas”. The report added that the Bahamas performance had “dropped” since 2013 when it came to obtaining and exchanging tax-related information. It cited “longer response times” to requests from other countries and “not taking adequate measures expeditiously in a number of cases where information was not produced”.