Reason for this visit

The Bahamas is one of the richest countries in the Caribbean, with a GDP per capita second only to the United States and Canada among the 156 countries in the Western Hemisphere. The Bahamas was once a British colony and its stable parliamentary democracy is based on British law. The country does not have much negative news in the foreign exchange market, which means it is fundamentally different from the notorious tax haven. The Bahamian government complies with the OECD's global anti-money laundering guidelines and harmonized reporting standards, and Bahamian companies are recognized by financial institutions in the United States, United Kingdom and Europe. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in the Bahamas, the survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to the Bahamas to visit the foreign exchange dealer Destek Global as planned. The survey address is 1st Floor, Bay View House, East Bay Street, Nassua, Bahamas.

The survey personnel came to the destination of the current survey according to the above address. The destination is located in Nassau, the capital of the Bahamas near the North Atlantic of the United States. It is a yellow building at the junction of EAST STREET and BAYS STREET. The door was not locked. There was no water sign in the lobby, and there was no front desk and security.

Since there are not many floors, the investigators have made explorations on each floor, but the company cannot be found on the 1st, 2nd and 3rd floors. The only companies with door numbers are some law firms. As a result, the investigators confirmed that the dealer's office does not exist here. It is worth noting that this address was repeatedly registered by multiple foreign exchange dealers.

Conclusion

The investigators went to the Bahamas to visit the foreign exchange dealer Destek Global as planned, but did not find the dealer's office at its publicly displayed business address. The dealer may have just registered a company at this address without a real business venue. Please choose this dealer carefully.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.