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Hot on the heels of Bermuda’s Common Reporting Standard Regulations, Bermuda has issued its CRS Guidance and a list of reportable jurisdictions. Bermuda Reporting Financial Institutions must report to the Bermuda Monetary Authority by August 31, 201...

Transformation. One of the great experiences we all can have is to create change! Too many folks look at this as far too complex a process and shy away from embracing what transformative thinking can do for them. A simple example is getting to work ...

Insurance group Argus has launched a virtual reality tour of the America’s Cup. Three 360 degree videos — accessible through an app and special goggles — feature Argus’s official healthcare partner SoftBank Team Japan. Alison Hill, CEO of Argus, said...

The Bermuda Stock Exchange will be closed on Wednesday to mark Bermuda Day. A BSX spokeswoman said that exchange will operate as normal from Thursday.

Butterfield Bank’s credit rating has been upgraded by Fitch Ratings. The New York-based rating agency said today that it had raised the bank’s “viability rating” to “bbb” from “bbb-” after its review of the bank. Fitch has also affirmed Butterfield’...

Bermudian companies will have to update their beneficial ownership details if a proposed new law takes effect. At present, firms are only required to file beneficial ownership at formation — with no obligation to inform island authorities of any chan...

Rosewood Tucker’s Point Hotel and Resort has been sold to the Miami-based firm Gencom and is out of receivership. According to an official announcement yesterday, the hospitality development company will invest $25 million into the property, with add...

Bermuda is to continue work on strengthening and enhancing its reputation as a well-regulated offshore jurisdiction. The Financial Policy Council, a group that advises the Ministry of Finance and the Bermuda Monetary Authority on financial system sta...

Imagine going into a store, taking something you want to buy to the counter and waving your mobile phone in front of a terminal. The purchase made, you walk out of the store. There was no need to open your purse or wallet, or fiddle with loose change...

Bermuda was targeted by a computer ransomware virus creating havoc around the world, an IT expert said yesterday. Ronnie Viera, chief operating officer at online payment company First Atlantic Commerce, said: “We can see that Bermuda was targeted. “W...