AML Officers' Appointment Deadline Fast Approaching

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

Bermuda has various procedures in place for the automatic exchange of information with other jurisdictions, pursuant to the Common Reporting Standard (CRS).

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 Government has been engaged in active dialogue with the EU Code of Conduct Group and the OECD during the last 6 months to ensure equivalency with other 2.2 jurisdictions

As we near the end of the year, it's good to review the bills that have been tabled and passed in the House of Assembly and Senate.

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...

In a Letter to the Editor published on December 19, Mr Khalid Wasi commented on the recent ruling of the Chief Justice, in the "Bermuda Bred" case concerning the grant of work permits to same-sex and unmarried heterosexual couples.

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

Under Bermuda's new Economic Investment Certificate and Residential Certificate Policy, non-Bermudian individuals who invest at least $2.5 million in the island receive the right to live in Bermuda...

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).

Recently in the news there have been increasing reports of rescue efforts and road accidents where members of the public have been praised for assisting the victims until emergency services personnel arrived.

The Bermuda Monetary Authority conducts AML/ATF onsite supervisory visits on regulated entities across all sectors.

Prior to 31 March 2023 an application could be made for an "Economic Investment Certificate" by non-Bermudian individuals who invested at least BM$2.5 million in the island.

On 14 June 2018 the Mauritian Prime Minister, in his capacity as Minister of Finance, tabled the National Budget for the fiscal year 2018/2019 under the theme "Pursuing Our Transformative Journey".

The Bermuda Government renewed its commitment to economic progress and recovery in its 2016 Speech from the Throne in which plans for the forthcoming parliamentary year 2016-2017 are rolled out.

As we enter 2024 the myriad of regulatory changes can appear overwhelming. We are here to help and have set out below some key changes and issues that can impact Bermuda entities.

As we celebrate 400 years of the first recorded session of the Supreme Court of Bermuda, it seems fitting to reflect on the Island's long legal history and culture.

Regulatory compliance continues to be an area of significant development in Bermuda. While anti-money laundering (AML), anti-terrorist financing (ATF) and global financial sanctions have been in focus for some time...