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About 60 miles north of Kingston, Jamaica, in the jungles surrounding Port Antonio, there is a course in offshore regulatory compliance. On any given day, participants experience temperatures in the high 80s with humidity about 70 per cent. The humi...

The European Union has introduced new data protection laws that will have implications for many Bermuda companies that do business in the 28-country bloc. The new General Data Protection Regulation, which was approved by the European Parliament last ...

A group representing Bermuda’s largest insurers is firmly in favour of the island striving to meet new “country-by-country” income reporting standards aimed at forcing multinational companies to pay taxes where profits are generated. The initiative i...

Bermudians and Bermuda-based business can be forgiven for rolling our collective eyes at the breaking news of Mossack Fonseca. This story will reignite the stale arguments over the ‘tax haven’ and ‘offshore’ labels. And yet again every small jurisdic...

Offshore financial centres with ties to Britain are “among the hardest places in the world to evade taxes or launder money”, claims a group representing legal and accountancy firms. The IFC Forum, which represents firms operating in several offshore ...

An EU seal of approval for Bermuda’s insurance market will make the global business more competitive, the head of the Association of Bermuda Insurers and Reinsurers said yesterday. And Brad Kading, president and executive director of Abir, added that...

Six years of hard work by the Bermuda Monetary Authority, insurance industry figures and politicians have paid off with the final confirmation that Bermuda has won Solvency II equivalence. The news became official last Thursday after a consultation p...

Bermuda should be treated as a jurisdiction that already has equivalence with the EU’s new insurance regulatory framework, Solvency II, according to a top official of the European Commission (EC). The comments of Olivier Guersent clearly indicate the...

Losing two chief executives in the space of three years has added to the challenges faced by the Island’s telecommunications sector watchdog. And things are going to get busier as the Regulatory Authority of Bermuda (RAB) prepares for the regulation ...

Professional services firm KPMG is to hold two special seminars to alert charities to the dangers of money laundering and terrorist financing. KPMG’s David Harper said that the Charities Act required registered charities to ensure “relevant officers”...

Bermuda is on track to qualify under new EU rules governing third country rights for Island-based alternative fund managers. The Island is due to amend the Investment Business Act to make it eligible for a Euro “passport” under the European alternati...

New legislation is set to boost the Island’s attractiveness to outside investment. The Bermuda Business Development Agency (BDA) said amendments to the Investment Business Act tabled in the House of Assembly last Friday was a “collaborative effort” b...