The Bahamian government re-affirmed that it will implement the OECD Common Reporting Standard (CRS) through a series of bilateral agreements, and not through automatic multilateral disclosure.
The Bahamas has chosen to embrace the 2018 start of automatic information exchange by entering into such treaties on a bilateral (country-to-country) basis rather than a multilateral one. Its first automatic exchanges with 'appropriate' partner countries will be in September 2018.
A similar policy has been adopted by Switzerland and Hong Kong, among others.
Read more at: Tax Times blog