48 results found

The Bermuda Monetary Authority has introduced a new regulatory requirement mandating Police Clearance Certificates for Key Persons in AML/ATF regulated financial institutions, effective October 2026. This policy change extends beyond initial applications to encompass all subsequent personnel changes, fundamentally altering the vetting landscape for Bermuda's financial sector. Understanding these requirements and their implications is crucial for institutions seeking to maintain compliance with the island's

George McCallum, Karim Creary, and Jarion Richardson examine Bermuda's anti-money laundering framework for Digital Asset Business Act licence applications, exploring the policies, procedures, and governance structures that applicants must establish. The discussion reveals common pitfalls in AML programme preparation and explains how the Bermuda Monetary Authority evaluates compliance effectiveness.

Bermuda has collected and maintained information concerning beneficial owners of Bermuda registered entities for over 70 years and the Bermuda Government committed to making...

Bermuda has made significant strides in strengthening its overall Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) ...

The island was amongst those moved to the EU's list of fully cooperative tax jurisdictions on 18 February.

The Bermuda Government and the financial services regulator, the Bermuda Monetary Authority (BMA), are committed to ensuring Bermuda's anti-money laundering and anti-terrorist financing ...

Continued compliance with Bermuda's anti-money laundering (AML) and anti-terrorist financing (ATF) legislation remains a hot topic for Bermuda regulated entities...

The Registrar of Companies (RoC) has recently published a Consultation Paper, Legitimate Interest Access to Bermuda's Central Register of Beneficial Ownership (CP). The Bermuda Government plans to establish a legislative framework and supporting electronic system for legitimate interest access to the central register of beneficial ownership information by July 2026 (Framework).

In order to preserve its reputation as a well-regarded and desired domicile for quality business, Bermuda has committed to implementing international standards ...

On 5 July 2016, the EU Commission published proposed amendments to the EU's 4th Anti-Money Laundering Directive (4AMLD).

Bermuda continues to attract technology-based start-ups. With each new start-up comes the question of what types of digital transactions are permitted under our legal and regulatory regime, including the ability to offer tokenised funds.

The Bermuda National Anti-Money Laundering Committee (NAMLC) recently published a draft Proceeds of Crime Miscellaneous Act 2025 (Bill) for consultation in preparation for Bermuda's 5th Round Mutual Evaluation...

Continued compliance with Bermuda's anti-money laundering (AML) and anti-terrorist financing (ATF) legislation, including regulations, policies and guidance notes...

Regulatory compliance has seen developments at a global scale over recent years, with continued focus on tax evasion and anti-money laundering (AML)/anti-terrorist financing (ATF).

Blockchain has been widely touted as the most significant technology of the last 20 years, with the potential to revolutionise the financial services industry across a range of applications, from crypto-currencies...

A recent amendment to charities legislation in Bermuda has enhanced the island's anti-money laundering and anti-terrorist financing (AML/ATF) protections.

The proposed amendments to the Proceeds of Crime Act 1997 (POCA) (and related legislation) under the Proceeds of Crime Amendment Bill 2015 require careful reading.