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
The Personal Information Protection Act (PIPA) is a critical framework for protecting individuals’ personal information in Bermuda. Under PIPA organisations are required to adhere to several key principles, including ensuring...more
2/13/2025
/ Bermuda ,
Compliance ,
Consumer Privacy Rights ,
Data Privacy ,
Data Protection ,
Data Protection Acts ,
Data Security ,
Personal Data ,
Personal Information ,
PIPA ,
Privacy Laws ,
Regulatory Requirements ,
Risk Management
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
When the substantive provisions of Bermuda’s Personal Information Protection Act 2016 (PIPA) become operational on 1 January 2025, it is vital that all in scope organisations ensure their compliance with PIPA....more
12/5/2024
/ Bermuda ,
Chief Privacy Officer ,
Compliance ,
Corporate Governance ,
Data Collection ,
Data Protection ,
Data Retention ,
Legislative Agendas ,
Personal Information ,
PIPA ,
Privacy Laws ,
Regulatory Requirements
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
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
With the 1 January 2025 implementation date of the Personal Information Protection Act 2016 (“PIPA”) fast approaching, Bermuda based organisations from small-businesses to multinationals, should be busy preparing for...more
10/1/2024
/ Bermuda ,
Chief Privacy Officer ,
Compliance ,
Corporate Governance ,
Data Collection ,
Data Protection ,
Data Retention ,
Legislative Agendas ,
Personal Information ,
PIPA ,
Privacy Laws ,
Regulatory Requirements
In this four-part series, Conyers dives into different topics relating to Bermuda’s privacy legislation, including why we need privacy legislation and its purpose, how to prepare for PIPA, the role and requirements of privacy...more
2/8/2024
/ Bermuda ,
Chief Privacy Officer ,
Compliance ,
Data Collection ,
Data Protection ,
Data Retention ,
Legislative Agendas ,
Personal Information ,
PIPA ,
Privacy Laws ,
Regulatory Requirements
In this four-part series, Conyers continues diving into different topics relating to Bermuda’s privacy legislation, including why we need privacy legislation and its purpose, how to prepare for the Personal Information...more
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
Data Privacy Week was an opportune time to consider the important issue of how we as a society determine when privacy takes precedence in conflicts between data access and data privacy. A recent such example was the November...more
3/2/2023
/ Beneficial Owner ,
Bermuda ,
Business Litigation ,
Data Privacy ,
Data Protection ,
Data Security ,
Disclosure Requirements ,
EU ,
General Data Protection Regulation (GDPR) ,
Personal Information ,
Privacy Laws ,
Regulatory Requirements