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
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
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
In Rising insurance premium rates, limited capacity with commercial insurance carriers and a looming global recession made 2022 extremely challenging for aviation insurance buyers. In this environment, the aviation industry...more
The Bermuda Monetary Authority published the revised Operational Cyber Risk Management Code of Conduct (the “Cyber Risk Code”) for corporate service providers, trust companies, money services businesses, investment...more
2/10/2023
/ Bermuda ,
Board of Directors ,
Chief Information Security Officer (CISO) ,
Compliance ,
Corporate Governance ,
Corporate Management ,
Cybersecurity ,
Deadlines ,
Enforcement ,
Financial Institutions ,
Financial Services Industry ,
Policy Updates ,
Risk Controls ,
Risk Management