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The EU Substance Act represents “as much a paradigm shift as I have ever seen”, says an expert who has assisted the Bermuda Government in its response to the legislation. Michael Frith, an independent director and former partner at Conyers, Dill and ...

Frontline Ltd, the Bermudian-based oil tanker operator whose Front Altair vessel burst into flames in the Strait of Hormuz after an explosion, today said the fire has been put out with no pollution and that all crew members are safe. The ship was one...

The sharing of information on accounts in offshore financial jurisdictions like Bermuda is bringing in billions of dollars in tax revenue for the home countries of the account holders. The island joined a global effort to improve transparency on matt...

EY announced that David McGibbon has joined as partner in the advisory practice of EY’s Bahamas, Bermuda, British Virgin Islands and Cayman Islands region. Mr McGibbon brings over 15 years of consulting experience in financial services as well as th...

Bermuda is one of 129 countries and jurisdictions to have agreed on a road map aimed at modernising international tax rules for the digital age. The Organisation for Economic Co-operation and Development/G20 Inclusive Framework on Beps [Base Erosion ...

SS&C Technologies Holdings has announced the appointment of Ken Mahadeo as the head of fund administration for SS&C Fund Services (Bermuda) Ltd. Mr Mahadeo has over 20 years’ experience in the financial-services sector and is responsible for leading...

Bermudian-based fintech company Velocity Ledger Technology Ltd is to release its testnet and blockchain network API today. The launch will allow businesses and individuals to develop applications to integrate with the network for the issuance, tradin...

Aurum Fund Management Ltd has achieved remarkable things since it was founded in Bermuda on August 11, 1994. The fund of hedge funds management firm has won more than 50 industry awards for earning its investors steady returns, regardless of market d...

Bermuda’s international business sector applauded the decision by European Union to remove the island from its tax blacklist. The EU’s Economic and Financial Affairs Council confirmed at a meeting in Brussels on Friday that the island is no longer on...

A digital asset business linked to diamonds that is said to have attracted millions of dollars in pre-orders from institutional investors, could be cleared to transact with its token and exchange by the end of this month. That is according to Cormac ...