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Attorney-General and Minister of Legal Affairs Trevor Moniz has issued an advisory about the risks arising from inadequate systems and controls to combat money laundering and terrorist financing. The Financial Action Task Force and the Caribbean Fina...

An unemployed grandmother faces a battle for financial survival after being told she does not qualify for Financial Assistance. The former Bermuda government employee took out her pension in a lump sum when her daughter became critically ill in Septe...

For the second time in three months, some new pension applications have not been processed in time for payment. As with the June delay, a Ministry of Finance spokesman said that the holdup stemmed from the Department of Social Insurance’s temporary o...

Financial technology, or fintech for short, is on a roll. While the exact definition for this alluring subsector can be quite varied, the term generally applies to those companies engaged in developing and deploying technology designed to make financ...

Dear Heather, It’s so hot this summer, I don’t feel I can go without air conditioning, but it’s so expensive to run! Have you got any ideas on keeping my electricity bill low? Feeling Hot! Dear Feeling Hot, Electricity is a utility that we take for ...

Amendments to three Acts aimed at ensuring Bermuda’s financial industry frameworks are up to international standards have been passed in the Senate. The Bermuda Monetary Authority (Determination of Appeals) Act, the Money Service Business Act and the...

Italy’s slow-motion banking crisis is getting worse, and if it is not stopped, it could cause system-wide damage across the euro area and beyond. To contain this danger, the European Union must be willing to bend some rules. Shares in Italy’s third-l...

Professional services firm KPMG has signed up 11 students to take part in its annual internship programme. The 12-week scheme is aimed at university students who see a future in accountancy, finance or business. Wanda Armstrong, senior manager for hu...

The Government-wide hiring freeze has been extended through the 2016-17 fiscal year, the Ministry of Finance has announced. The One Bermuda Alliance will also revisit an early retirement programme for civil servants aged 55 and older, as part of cost...

Aspiring entrepreneurs and business owners learnt all about alternative sources of financing at a seminar by the Bermuda Economic Development Corporation. Almost 60 people attended the event on Tuesday at the Bermuda Underwater Exploration Institute...

Why can so few people seem to save any money? The number of people scraping along from paycheque to paycheque is astonishing; surveys routinely find that somewhere between a third and half of all Americans don’t have the savings to fund ordinary emer...

The revelations about offshore accounts contained in the so-called Panama Papers are sensational, but they are unlikely to put an end to these tax havens favoured by the world’s rich and powerful. Rather, the disclosures are a reminder that these she...