The Bermuda Monetary Authority ("BMA") proposes a new Payments Services Act ("PSA") to replace the Money Service Business Act 2016 to establish a clear, risk-based framework for Payment Service Providers ("PSPs") operating in...more
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1. INTRODUCTORY -
1.1 Forms of Corporate/Business Organisations The principal forms of corporate and business organisations in Bermuda are:
• exempted companies, owned by non-Bermudians and carrying on business outside...more