Bermuda: Financial Services

The Bermuda Monetary Authority has introduced a new regulatory requirement mandating Police Clearance Certificates for Key Persons in AML/ATF regulated financial institutions, effective October 2026. This policy change extends beyond initial applications to encompass all subsequent personnel changes, fundamentally altering the vetting landscape for Bermuda's financial sector. Understanding these requirements and their implications is crucial for institutions seeking to maintain compliance with the island's

Bermuda's digital asset business sector stands at a pivotal moment, with the potential to mirror the island's historic success in captive insurance. Drawing parallels between the transformative Insurance Act of 1978 and the Digital Asset Business Act of 2018, this analysis explores how early regulatory clarity and consistent oversight could position Bermuda as a global leader in the convergence of traditional finance and blockchain technology.

Bermuda is positioning itself as a global leader in digital finance through comprehensive regulatory frameworks and strategic partnerships. This article explores how the island's innovative approach to blockchain, AI, and digital assets is attracting major international investment while maintaining robust oversight. From Google's subsea cable infrastructure to the government's ambitious plan to become the world's first fully on-chain national economy, discover how collaboration between regulators and indust

There are currently 45 digital asset businesses operating in Bermuda with a license from the Bermudan Monetary Authority (the BMA).

M&A activity in India and ASEAN countries accelerated from Q3 2025 into early 2026, driven by domestic consolidation, financial services, energy transition and technology sectors. Deal volumes remained high with a deep mid-market pipeline, while private equity dominated as the primary buyer class, increasingly seeking majority stakes as sellers accepted lower valuations than peak market periods.

However, a much less attractive body of work must be undertaken – ensuring that the regulatory framework remains fit for purpose at each stage of the industry’s development.

Previously the domain of business continuity programmes and disaster recovery policies, the Resilience Code takes the governance and operational requirements of business continuity to an entirely new level of compliance.

Join Bermuda's Jerome Wilson and George McCallum for an insightful "Tech Talks" episode exploring the practical considerations for licensing a Digital Assets Business Act (DABA) entity in Bermuda.

He has watched the island's growth from the front row since 1996 and is resolute that Bermuda continues to dominate reinsurance with its innovation and sound infrastructure.