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Legislation designed to regulate cryptocurrency initial coin offerings was passed this week by the Senate. Andrew Simons, OBA senator, suggested that the legislation was rushed and did not do enough to protect consumers. However Vance Campbell, the J...

The House of Assembly passed fintech legislation last night, despite reservations from the Opposition. The Companies and Limited Liability Company (Initial Coin Offering) Act is expected to create a regulatory framework for digital coin offerings on ...

A bid to set up and regulate the cryptocurrency business is on the right track, an expert in data management said yesterday. Stuart Lacey, CEO and founder of Bermudian tech start-up Trunomi, said proposed legislation would create a solid foundation ...

We have long been hearing that Bermuda needs to diversify its economy. The reasons are straightforward enough. Bob Richards, the former finance minister put it well in an interview with The Royal Gazette in 2010. “Take a B52, a bomber that’s designed...

Information from the Paradise Papers is to be examined by a European Parliament committee. The 45-member special committee has been created to focus on financial crimes, tax evasion and tax avoidance. Among areas it will examine is how European Union...

Importers of food and other goods will face fines of up to $5,000 if they fail to provide information to a new commission examining their costs and margins. The Cost of Living Commission, renamed from the Price Commission, will be established by legi...

David Burt says he held a positive meeting with OECD Secretary General Ángel Gurría today. The Premier is in Europe this week to discuss financial issues with key policymakers in London, Paris and Brussels. He tweeted this afternoon: “Productive meet...

Bermudian companies will have to update their beneficial ownership details if a proposed new law takes effect. At present, firms are only required to file beneficial ownership at formation — with no obligation to inform island authorities of any chan...

The Bermuda Government spending on foreign consultants has fallen steadily since the One Bermuda Alliance came to power but the amount could be on the increase this year. More than $7.3 million is expected to be paid from the public purse to overseas...

A collection of classic Bermuda notes — including a series of specimens never publicly released — will go on display this month. Peter and Linda Adderley are preparing to display their “Adderley Collection” of Bermudian currency around the island, st...

The Department of Financial Assistance will have its budget trimmed by just over $1 million in the coming fiscal year, to $53.555 million for 2017-18. Nandi Outerbridge, the Minister of Social Development and Sport, also updated MPs yesterday on the ...

In climbing the corporate ladder Alison Morrison has had to build a few rungs of her own. From corporate trust, to asset management, to risk and compliance, she has adapted to fit both her professional and personal needs. The mother-of-three said he...