Hashtag: #BermudaMonetaryAuthority

Monetary Authority Release 2025 Business Plan
The Bermuda Monetary Authority has released its Business Plan for 2025. A spokesperson said, “This plan outlines the BMA’s commitments to enhancing Bermuda’s regulatory framework in the coming year and emphasises the continued goal of ensuring that the Authority operates as an effective and efficient organisation. “Several notable... Read more of this article

BMA Levies Civil Penalties On Meritus Trust
The Bermuda Monetary Authority [BMA] has levied civil penalties totalling $600,000 on Meritus Trust Company Limited. A spokesperson said, “The Bermuda Monetary Authority [BMA] has levied civil penalties totalling $600,000 on Meritus Trust Company Limited [Company], a local entity licensed under: The Trusts [Regulation of Trust Business] Act 2001... Read more of this article

BMA Gift Drive Brings Holiday Cheer To Families
A staff gift drive at the Bermuda Monetary Authority has collected just over 150 toys and more than $10,500 in gift card vouchers, bringing holiday cheer and much-needed help to children and families in need. A spokesperson said, “Gift cards included vouchers for BELCO, Lindo’s Market, The Marketplace and Gibbons Company to help families with groceries,... Read more of this article

BMA Reports 43 New Registrations In 2024
The Bermuda Monetary Authority [BMA] published its October 2024 licensing statistics, reporting 43 new insurance registrations. A Government spokesperson said, “The Bermuda Monetary Authority [BMA] has published its licensing statistics for October 2024, showcasing continued positive performance and steady growth in the island’s insurance sector. “In... Read more of this article

Applications Open For Lloyd’s Lab Cohort 14
The Bermuda Monetary Authority announced that applications are now open for Cohort 14 of the award-winning flagship Lloyd’s Lab Accelerator Programme, which will feature Bermuda-focused solutions under the theme ‘Shaping the Future of Reinsurance in Bermuda’. A spokesperson said, “This focus solidifies the mutual commitment... Read more of this article

BMA To Unveil New $2 & $5 Polymer Banknotes
The Bermuda Monetary Authority announced “new $2 and $5 banknotes printed by De La Rue on Safeguard polymer substrate, a thin, flexible plastic material, will enter circulation this fall.” A spokesperson said, “Aimed at educating the general public about the new banknotes, the “Same look, Smarter design” campaign is set to begin... Read more of this article

BMA Advisory: Website With Fraudulent Info
The Bermuda Monetary Authority [BMA] is advising the public of a website which contains “fraudulent information.” A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] has been made aware of a website which contains fraudulent information: https://www.stillmancriptobrazil.com/ “The Authority notes that Stillman Crypto... Read more of this article

BMA Hosts Third Annual Community Day
On October 3, the Bermuda Monetary Authority hosted its third annual Community Day, with over 200 staff volunteering for five charities in activities such as gardening and beach cleanup. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] participated in its third annual Community Day event on Thursday, 3 October. This employee-led... Read more of this article

Investor Week Kicks Off With BMA’s Campaign
The Bermuda Monetary Authority kicked off its eighth World Investor Week, focusing on investor education, protection, and financial literacy from October 7-13, 2024. A spokesperson said, “The eighth annual celebration of World Investor Week started today with a public education campaign dedicated to raising awareness about the importance of investor... Read more of this article

Monetary Authority & FSRA Sign MoU
The Bermuda Monetary Authority [BMA] and the Financial Services Regulatory Authority [FSRA] of the Abu Dhabi Global Market [ADGM] announce the signing of a joint Digital Assets Memorandum of Understanding [MoU]. A spokesperson said, “The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment... Read more of this article

Lloyd’s & Bermuda Monetary Authority MoU
Lloyd’s announced a Memorandum of Understanding [MoU] with the Bermuda Monetary Authority [BMA]. A spokesperson said, “Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced the signing of a Memorandum of Understanding [MoU] with the Bermuda Monetary Authority committing to working collaboratively to... Read more of this article

BMA Warn About Email Phishing Attempts
The Bermuda Monetary Authority [BMA] said they have been “made aware of several e-mail phishing attempts targeting Bermuda-based financial services licensees registered with the Authority.” A spokesperson said, “The e-mails appear to be coming from false Bermuda Monetary Authority e-mail addresses or private e-mail accounts. “The fraudulent... Read more of this article