The Beneficial Ownership Amendment Act 2025 came into effect on 30 December 2025, introducing changes to the Beneficial Ownership Act 2025 (the “Act”); these changes are as follows....more
1/15/2026
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Bermuda ,
Business Entities ,
Compliance Monitoring ,
Disclosure Requirements ,
Guidance Documents ,
New Amendments ,
New Legislation ,
New Regulations ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Transparency
Bermuda continues to retain its reputation as one of the leading jurisdictions for establishing digital asset products and services business. Benefitting from the world’s first fully comprehensive digital asset sector...more
12/19/2025
/ AML/CFT ,
Anti-Money Laundering ,
Blockchain ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Wallets ,
FinTech ,
New Guidance ,
New Legislation ,
New Regulations ,
New Rules ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Stablecoins
Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced....more
11/11/2025
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Bermuda ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Cybersecurity ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Services Industry ,
FinTech ,
New Legislation ,
Popular ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Sandbox ,
Stablecoins
Briefing Summary: The Beneficial Ownership Act 2025 (the “BO Act”) received Royal Assent on 28 September 2025 and is anticipated to come into force on or around 3 November 2025. The BO Act replaces the previous beneficial...more
10/28/2025
/ AML/CFT ,
Beneficial Owner ,
Bermuda ,
Business Entities ,
Disclosure Requirements ,
Filing Requirements ,
New Legislation ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Transparency
This chapter provides the latest legal information on Bermuda's fintech market and regulation, including regulatory jurisdiction, sandboxes, AML rules and FATF standards; robo-advisers, online lenders and payment processors;...more
4/18/2025
/ Anti-Money Laundering ,
Bermuda ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
FinTech ,
Insurtech ,
Licensing Rules ,
Open Banking ,
Popular ,
Regulatory Requirements ,
Stablecoins
Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced. In the United States, 2024 was a pivotal...more
1/27/2025
/ Anti-Money Laundering ,
Bermuda ,
Blockchain ,
Compliance ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
Global Financial Innovation Network (GFIN) ,
Insurtech ,
Regulatory Reform ,
Regulatory Requirements ,
Stablecoins
Carey Olsen has contributed to The Legal 500 Country Comparative Guide 2024 for Blockchain. The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of blockchain law across a variety...more
12/3/2024
/ Anti-Money Laundering ,
Bermuda ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptocurrency ,
Decentralized Autonomous Organization (DAO) ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
FATF ,
Initial Coin Offering (ICOs) ,
Non-Fungible Tokens (NFTs) ,
Regulatory Standards ,
Sandbox ,
Securities ,
Taxation ,
Virtual Currency
Partner Steven Rees Davies, counsel Charissa Ball and associate Alexandra Fox have authored the Bermuda chapter of Global Legal Insight's sixth edition guide to blockchain and cryptocurrency regulation. The chapter covers the...more
11/21/2024
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Bermuda ,
Bitcoin Mining ,
Blockchain ,
Business Licenses ,
Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Disclosure Requirements ,
Enforcement ,
Estate Planning ,
Financial Services Industry ,
Global Financial Innovation Network (GFIN) ,
Investment ,
Licenses ,
Popular ,
Reporting Requirements ,
Succession Planning ,
Taxation ,
Testamentary Trust
Our corporate team outline the latest developments within the corporate and finance market in Bermuda including Bermuda’s Corporate Income Tax Act 2023, Cyber risk management and The Bermuda Monetary Authority's enhancements...more
10/22/2024
/ Annual Regulatory Fees ,
Bermuda ,
Chief Information Security Officer (CISO) ,
Corporate Governance ,
Corporate Taxes ,
Cyber Insurance ,
Cybersecurity ,
Domestic Corporations ,
EIOPA ,
Exclusions ,
Exemptions ,
OECD ,
Regulatory Requirements ,
Risk Assessment ,
Risk Management ,
SBA
The Bermuda Monetary Authority (the “BMA”) has issued a consultation paper outlining proposed amendments to the Digital Asset Business Act 2018 (the “Act”) and the Digital Asset Business (Prudential Standards) (Annual Return)...more