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The work of a “major drug-trafficking ring” was hampered after a joint operation between police and customs officials, a senior detective said yesterday. His comments came after cannabis worth about $800,000 was seized at a home this month. A Bermuda...

Two sessions to help women achieve financial independence will be run as part of the latest calendar of events from the Women’s Resource Centre. Angela Joell, an education and investment manager at Argus Group, will tailor special courses to suit wom...

The Bermuda Monetary Authority has posted for consultation its draft new Digital Asset Business Operational Cyber Risk Management Code of Practice along with revised Digital Asset Business Custody Code of Practice and Digital Asset (Cybersecurity) Ru...

Butterfield Bank has ruled out an interest rate increase after the US Federal Funds Rate was raised 25 basis points yesterday

A digital dollar can be used to buy rum on the island in a pilot project that could be expanded to include other companies. Gosling’s is working with Bidali, a Canadian fintech company, with support from the Bermuda Government’s fintech office and Pe...

Information Commissioner Gitanjali Gutierrez has upheld a decision by the Bermuda Monetary Authority to withhold records about its staff recruitment plans. But she has told the authority it must reveal whether such a record exists and whether it incl...

Managing your cashflow has become critical since this Covid-19 crisis emerged. Most have lost or have reduced income. To meet this historic challenge, the Government of Bermuda has legislated emergency financial assistance for those unemployed after ...

Artificial intelligence and machine learning technologies are set to be used by the Bermuda Monetary Authority to enhance its operations. The regulator will build an internal innovation lab to further what it terms as supervision technology, or SupTe...

A conference heard how Bermuda is a centre for innovation with a “world-class reputation” on Friday. Wayne Caines, the Minister of National Security, delivered the keynote address at an Association of Certified Anti Money-Laundering Specialists event...

The final piece of legislation in a raft of new safeguards to protect Bermuda from money laundering and terrorist funding was passed in the Senate today. Kathy Lynn Simmons, the Attorney-General, said the Bermuda Bar Amendment Act “further enhances ...

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...

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...