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The Bermuda Monetary Authority has warned that fraudulent cheques have been created in the United States which falsely appear to have been issued from a US bank account operated by the BMA. In a statement, the BMA said: “The Authority wishes to advis...

After becoming a “virtual regulator” during the Covid-19 pandemic, the Bermuda Monetary Authority’s future may be as a hybrid, with both a virtual platform and a physical location. That possibility is highlighted in the BMA’s annual report, which als...

The Bermuda Monetary Authority is to increase its focus on climate change matters with the introduction of a regulatory and supervisory team specialising in the licensing and supervision of innovative business model proposals to address climate chang...

Bermudian financial services industry veteran Shelby Weldon has been appointed executive director of the Bermuda International Long Term Insurers and Reinsurers. Mr Weldon, who has more than 30 years’ experience as an accountant, regulator and insura...

Business travel has been estimated to represent about half of the greenhouse gas emissions created by many businesses. As awareness of climate change risk increases at boardroom and top management level among companies in Bermuda’s insurance and rein...

The Bermuda Monetary Authority and the Wyoming Division of Banking announced today their joint Digital Assets Memorandum of Understanding. The BMA said the MoU creates a framework under which the BMA and the WDOB can co-operate to facilitate the esta...

The Bermuda Monetary Authority has cancelled the insurance registration of Economic Risk Insurance, Ltd, a Class 3 insurer, for breaches of the Insurance Act 1978. The BMA said yesterday it was satisfied the company was in breach of the Insurance Act...

A Bermuda banknote from the 1960s is expected to sell for thousands of dollars at an online auction next week. The ₤10 pre-decimalisation bill, printed in 1964, was never circulated and is in almost mint condition. Auctioneer Dennis Hengeveld, an au...

The Bermuda Monetary Authority has cancelled the insurance registration of Phoenix CRetro Reinsurance Company Limited, a special purpose insurer, for breaches of the Insurance Act 1978. The BMA said it was satisfied that the company was in breach of ...

A company that provides money transmission services in Bermuda has been issued with a public censure by the Bermuda Monetary Authority. The BMA said it had issued the public censure to Blue Nile Services Limited for a number of breaches of the Procee...

The Information Commissioner has upheld a refusal by the Department of Education to release information about an alleged assault by a pupil on the grounds no records had been kept. The decision by Gitanjali Gutierrez was in response to three related ...

The Bermuda Monetary Authority is aware that an internet domain has been registered in the name of www.bmafinancier.com. “While the website is not active, e-mails appear to have been sent from this domain which falsely use the names of individuals a...