08/25/2023
In this update, we set out the JFSC's proposals to add new and expanded guidance notes across the Handbook and to add a new code of practice in respect of politically exposed persons.
08/25/2023
These developments provide welcome clarification in respect of the application of the "as a business" test to PTCs, and other corporate bodies, acting as a trustee of an express trust.
08/25/2023
It has been classed as a potential threat to Bermuda.
08/25/2023
The JFSC exercises its powers reasonably and proportionately and looks at any breaches of our requirements on a case-by-case basis.
08/24/2023
Bank of Saint Lucia has selected Clearwater Analytics and Clearwater JUMP to power its new mutual fund.
08/23/2023
The MOU calls for the sharing of information to enable the enforcement of laws, regulations, policies and professional standards relating to approved audit firms.
08/23/2023
The unit responsible for tackling financial crime has confirmed a drop in the number of Suspicious Activity Reports
08/23/2023
That gave rise to significant public debate concerning whether this was a wider problem.
08/23/2023
It also identified the Bahamian cooperatives sector as an area of “some distress” and financial weakness.
08/23/2023
CCREEE, which was established in 2018, helps member states navigate their energy transition.
08/23/2023
The Financial Stability Council’s membership will be comprised of financial services regulators
08/22/2023
Anthony Blakey’s Savvy Entertainment borrowed the funds from the Government five years ago to open a recording studio in Bermuda.
08/22/2023
The Global Privacy Assembly has been at the forefront of global data protection and privacy leadership for more than four decades and connects data protection and privacy authorities, worldwide.
08/21/2023
The largest data breach of 2023 so far was Twitter, leading to 220 million breached records.
08/21/2023
The Government has since issued a progress report in July 2023 on the implementation of the Carbon Neutral Roadmap.
08/21/2023
As a result of the amendments, the CPR has undergone some significant changes
08/21/2023
Meanwhile, a new AM Best commentary says the Vesttoo saga highlights the importance of managing counterparty risk.
08/21/2023
By then, the Bermuda Monetary Authority had already successfully caused Vesttoo’s Bermuda subsidiary, Vesttoo Alpha P&C, to be put into liquidation.
08/18/2023
APS Bank, Club has no connection with APS Bank
08/18/2023
However, if the company has committed tax fraud it is directed to the contractual disclosure facility.