Constituency: Marathon
Platform Status: Online
Bills & Policies

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Financial Intelligence Unit Bill, 2023
Provides for the continuation of the Financial Intelligence Unit and repeals and replaces the earlier FIU Act.

Allocates funding for renewable energy projects, grid modernization, and EV charging infrastructure.

Status:  PASSED FINANCIAL CRIME & COMPLIANCE
Status:
INTRODUCED
Nov 2, 2023
ENVIRONMENT
Key Facts
Status: Passed
Category: Financial Crime & Compliance
Scope: National
Last Update: Mar 11, 2026
Status:
Introduced
Category:
Scope:
Last Update:
Environment
National
Nov 2, 2023
Why This Matters

Financial-intelligence and reporting frameworks affect AML/CFT enforcement, oversight, and compliance obligations.

This bill affects how the country invests in renewable energy infrastructure and electric vehicle charging.

If passed, it could lower long-term electricity costs and reduce reliance on imported fuel.

Overview

Provides for the continuation of the Financial Intelligence Unit and repeals and replaces the earlier FIU Act.

This bill proposes funding for renewable energy infrastructure including modernization of the national grid and expansion of electric vehicle charging networks.

The proposal aims to increase energy independence and reduce long term electricity costs.

Key Provisions
  • Continues the Financial Intelligence Unit.
  • Repeals and replaces the earlier Financial Intelligence Unit Act.
- Funding allocated for national grid modernization
- Expansion of EV charging network
- Renewable energy infrastructure grants
- Energy independence initiative
Documents & Sources
Full Text of the Bill (PDF)
Committee Review Summary (PDF)
EV Charging Infrastructure Report
Timeline / Updates
Official bill text available in Bahamas Laws repository.
Nov 2, 2023
Bill introduced in Parliament.
Nov 18, 2023
The bill has been proposed and awaiting committee review. Committee hearings begin.
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