A conference heard how Bermuda is a centre for innovation with a “world-class reputation” on Friday.

Wayne Caines, the Minister of National Security, delivered the keynote address at an Association of Certified Anti Money-Laundering Specialists event.

The seminar on virtual currencies and digital assets was held yesterday at Rosewood Bermuda.

Mr Caines spoke about the island’s efforts to position itself as a leader in the fintech sector followed by a question-and-answer session.

He said later it was “an excellent opportunity” to speak to people that are “integral to our efforts”.

Mr Caines continued: “Bermuda’s world-class reputation, regulation, and as a centre for innovation were the focus of my discussion. I had the opportunity to discuss Bermuda’s blue-chip advantages and why we should be the domicile of choice for businesses. I also shared how we work closely with our global partners and have made coming to Bermuda an easy and seamless process.

“One of the main messages I offered to attendees is that Bermuda places the highest value in our legislation and financial regulations and will endeavour to ensure that companies domiciled in Bermuda will be of the highest standard.”