With the New Year underway, there is a wide range of regulatory updates to reflect on and prepare for. While navigating these changes may seem complex, the Regulatory & Risk Advisory team is here to assist. The Outlook...more
2/28/2025
/ Beneficial Owner ,
Bermuda ,
Compliance ,
Data Protection ,
Employees ,
Employer Liability Issues ,
Employment Policies ,
Insurance Industry ,
Investment Funds ,
Minimum Wage ,
Payroll Taxes ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Trademarks
While there was lots to read about from a Cayman Islands perspective this past year, our most popular articles came from our Regulatory & Risk Advisory, Corporate, Insurance, and Litigation & Restructuring and practices....more
1/7/2025
/ Aircraft ,
Cayman Islands ,
CIMA ,
Commercial Litigation ,
Corporate Governance ,
Corporate Restructuring ,
Dispute Resolution ,
FATF ,
Insurance Industry ,
Investment Funds ,
Investors ,
Regulatory Agenda ,
Regulatory Requirements ,
Reinsurance
When Russia invaded Ukraine on 22 February 2022 most Bermudian residents did not think it would have much impact to the island. However as both an overseas territory of the United Kingdom and as an international finance...more
12/24/2024
/ Anti-Money Laundering ,
Asset Freeze ,
Aviation Industry ,
Bermuda ,
Civil Aviation Authority (the CAA) ,
Economic Sanctions ,
Enforcement ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Russia ,
Sanctions ,
UK ,
Ukraine
Continued compliance with Bermuda’s anti-money laundering (AML) and anti-terrorist financing (ATF) legislation remains a hot topic for Bermuda regulated entities, especially those brought recently into scope by the Investment...more
11/7/2024
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
ATF ,
Bermuda ,
Compliance ,
Financial Regulatory Reform ,
Investment Firms ,
Legislative Agendas ,
Proceeds of Crime Act 2002 (POCA) ,
Regulatory Agenda ,
Regulatory Requirements
Welcome to the latest instalment of the Bermuda Regulatory & Risk Advisory Bulletin. In a constantly evolving regulatory environment, this bulletin serves as a platform for insightful commentary and expertise in regulatory...more
10/8/2024
/ Anti-Money Laundering ,
Bermuda ,
Common Reporting Standard (CRS) ,
Enforcement Actions ,
Financial Institutions ,
Personal Information ,
PIPA ,
Privacy Laws ,
Regulatory Agenda ,
Risk Management ,
Terrorist Financing Regulations
Continued compliance with Bermuda’s anti-money laundering (AML) and anti-terrorist financing (ATF) legislation, including regulations, policies and guidance notes issued by the Bermuda Monetary Authority (the BMA or the...more
10/3/2024
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
ATF ,
Bermuda ,
Compliance ,
Financial Regulatory Reform ,
Investment Firms ,
Legislative Agendas ,
Proceeds of Crime Act 2002 (POCA) ,
Regulatory Agenda ,
Regulatory Requirements
The Organisation for Economic Co-operation and Development (OECD) has urged participating tax authorities around the globe to take further steps to ensure compliance with the Common Reporting Standard (CRS). As a result...more
As we enter 2024 the myriad of regulatory changes can appear overwhelming. We are here to help and have set out below some key changes and issues that can impact Bermuda entities. Bermuda has introduced a corporate income tax...more
2/16/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Bermuda ,
Business Entities ,
Corporate Governance ,
Corporate Taxes ,
Data Protection ,
Employer Liability Issues ,
FATF ,
Income Tax Act ,
Income Taxes ,
Insurance Industry ,
Intellectual Property Protection ,
Investment Funds ,
New Legislation ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Reform ,
Reporting Requirements ,
Sanctions ,
Trademarks ,
Wage and Hour
An old adage says that the only things in life that are certain are death and taxes. We think regulatory changes can surely be added to that list. A number of regulatory updates will affect Bermuda entities this year, and we...more
4/3/2023
/ Beneficial Owner ,
Bermuda ,
Code of Conduct ,
Companies Act ,
Corporate Governance ,
Cybersecurity ,
Economic Sanctions ,
Economic Substance Doctrine ,
EU ,
FATF ,
Investment ,
Investment Companies ,
New Regulations ,
Personal Information Protection Act ,
PIPA ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Russia ,
Sanctions ,
UK