Hashtag: #Financial
Clarien Launches Debit In Google Wallet
Clarien Bank has launched Clarien Mastercard debit in Google Wallet today [Nov 10]. A spokesperson said, “Bermudians will be able to tap and go without spending limits for the first time with the launch of Clarien Mastercard debit in Google Wallet. “Clarien Bank has partnered with global leaders Mastercard and Google Wallet so that customers... 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
Minister Introduces “Landmark Legal Reforms”
Minister of Economy and Labour Jason Hayward introduced “two landmark legal reforms” in the House of Assembly – the Benefit Entities Act 2025 and the Trustee Amendment Act 2025. Minister Hayward said, “These reforms represent our bold commitment to being a jurisdiction of choice for those who believe that prosperity and purpose... 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
AG Heather Thomas On Consolidated Fund
Auditor General Heather Thomas issued a statement on the Government’s financial statements. A spokesperson said, “Auditor General, Heather Thomas, today commented on her qualified opinion on the financial statements of the Consolidated Fund of the Government of Bermuda for the year ended March 31, 2024, included in the financial statements... Read more of this article
Corporate Income Tax Administrative Provisions
Today the Government issued a “second paper which focuses on certain of the enforcement provisions relating to the administration of the Corporate Income Tax Act 2023, as amended [the Principal Act], which are required under Bermuda law to be enacted by Parliament in statutory form rather than by regulation. ” A Government spokesperson said,... Read more of this article
Survey: Bermuda Consumer Confidence Index
According to a recent survey from Narrative Research Bermuda, “the Bermuda Consumer Confidence Index has steadily recovered since its most recent low in Q4 2023 [69.4], up to 76.3, consistent with this time last year.” A spokesperson said, “Bermuda residents have been struggling with rising prices and inflation for over two years, though inflation... Read more of this article
Premier Updates On 2022/23 Govt’s Finances
“Revenue was higher than budgeted, expenditure was lower than budgeted, and the deficit was smaller than budgeted,” Premier and Minister of Finance David Burt said in the House of Assembly today [July 14] The Premier’s full statement follows below: Mr Speaker, I rise today to provide this Honourable House and the people of Bermuda with... Read more of this article
ICO 2020-2021 Audited Financial Statements
The Information Commissioner’s Office [ICO] has released their 2020-2021 Audited Financial Statements. The ICO said, “On Friday, 14 July 2023, the Audited Financial Statements for the Office of the Information Commissioner for the year ended 31 March 2021 were tabled in the House of Assembly. “Information Commissioner Gitanjali Gutierrez... Read more of this article
UK Parliament: Bermuda Financial Services
Bermuda “received one of the highest technical compliance ratings of any jurisdiction following a review by the Financial Action Task Force of its work to combat illicit finance,” British MP David Rutley said. During the British Parliament’s session on June 1st, Conservative MP Andrew Rosindell asked the Secretary of State for Foreign,... Read more of this article
Survey: Consumer Confidence & Concerns
According to a recent survey from Narrative Research Bermuda, “consumer confidence level has continued to decline” with the Consumer Confidence Index falling nearly ten percentage points since the fourth quarter of 2021. Consumer Confidence Index A spokesperson said, “With recent rising prices and inflation, it is unsurprising that... Read more of this article
Premier Returns After Taking Part In Roundtable
Premier and Minister of Finance David Burt returns from Barbados this evening after taking part in the Caribbean Financial Access Roundtable, which “discussed critical issues regarding correspondent banking relationships, de-risking, anti-money laundering, and related banking issues.” “Challenges with correspondent banking relationships... Read more of this article
