Hashtag: #Finance
NAMLC Fourth 2024 National Risk Assessment
The Government of Bermuda, through the National Anti-Money Laundering Committee [NAMLC], announced the publication of the 2024 National Risk Assessment [NRA] on Money Laundering and Terrorist Financing. A Government spokesperson said, “This marks the fourth assessment in Bermuda’s ongoing series, underscoring the jurisdiction’s deepening... Read more of this article
Delegation Attends Meetings In The UK
A delegation from Bermuda was in London earlier this month for “a series of high-level meetings aimed at strengthening Bermuda’s financial crime compliance and information-sharing with the United Kingdom.” A Government spokesperson said, “The group included representatives from the Ministry of Justice’s Financial Sanctions Implementation... Read more of this article
Government Release 2024 Fintech Report
The Ministry of Economy & Labour announced the publication of the Bermuda Government 2024 Annual Fintech Report. A Government spokesperson said, “Since 2018, Bermuda has positioned itself as a global leader in FinTech, InsurTech, and digital finance through the “Bermuda Triangle” model, which involves close collaboration with the... Read more of this article
CITA Opens Consultation On Tax Amendments
The Corporate Income Tax Agency has launched a public consultation on the second set of proposed technical amendments to the Corporate Income Tax Act 2023, seeking stakeholder feedback from September 12 to 26. A spokesperson said, “The Corporate Income Tax Agency [CITA] has launched a public consultation to gather stakeholder feedback on the second... Read more of this article
Premier Burt Attends Symposium In Wyoming
Premier David Burt traveled to Wyoming for the 2025 Blockchain Symposium and held meetings with US officials. A Government spokesperson said, “Premier David Burt returns from Jackson Hole, Wyoming following a trip where he led a delegation from Bermuda to the 2025 Wyoming Blockchain Symposium. “The symposium, hosted by SALT and Kraken with... Read more of this article
City Releases 2024 Financial Statements
The Corporation of Hamilton released its 2024 financial statements, noting that total revenue for 2024 was $27.2 million. A spokesperson said, “The Corporation of Hamilton today released its annual financial statements for 2024. The Corporation is pleased to note that our financial statements are presented again this year with an unqualified audit... Read more of this article
Financial Policy Council Holds 29th Meeting
The Financial Policy Council held its 29th meeting on July 24th. A spokesperson said, “All FPC Members participated in the meeting in person at the Bermuda Monetary Authority. “The meeting hosted the First Roundtable with the Bermuda-based international commercial property and casualty insurance sector, which benefitted from the participation... Read more of this article
AG Participates In Anti-Money Laundering Talks
Attorney General and Minister of Justice Senator Kim Wilkerson led a “multi-agency delegation to Trinidad and Tobago for high-level meetings of the Caribbean Financial Action Task Force [CFATF],” which were held from May 25 to May 30. A Government spokesperson said, “Attorney General and Minister of Justice Senator Kim Wilkerson has... Read more of this article
Premier Burt On 2024 BMA Annual Report
Premier and Minister of Finance David Burt tabled the 2024 Annual Report of the Bermuda Monetary Authority in the House of Assembly today [May 30]. The Premier said, “With regard to the banking sector, consolidated assets remained unchanged at $23.7 billion in 2024. Investments retained the largest share of total assets at 53%, followed by loans... Read more of this article
Delegation Attending Consensus In Toronto
Premier David Burt is leading a Bermuda delegation to Consensus in Toronto, joined by Minister Jason Hayward, BMA, BDA, and law firm representatives to “promote Bermuda’s leadership in digital finance on the global stage.” A Government spokesperson said, “Premier David Burt will be in Toronto, Canada this week, leading a Bermuda... Read more of this article
Furbert On Public Service Superannuation Fund
“I rise today to advise the Honourable Members of the completion of the actuarial reviews of the Public Service Superannuation Fund [PSSF] and the Ministers and Members of the Legislature Pension Fund [MMLPF] for the year ended March 31, 2020,” Junior Minister of Finance Wayne Furbert said in the House of Assembly today [May 9]. Mr Furbert... Read more of this article
Second Day Of Digital Finance Forum Held
Premier Burt highlighted Bermuda’s digital finance strategy and AI potential during talks with global leaders at the Digital Finance Forum. A Government spokesperson said, “On May 8, during the 2025 Bermuda Digital Finance Forum, the Premier, David Burt participated in discussions with leaders in digital finance who were visiting Bermuda. “The... Read more of this article
