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Tough new European Union rules designed to combat tax avoidance can be turned to Bermuda’s advantage, a top manager at professional services firm KPMG said yesterday. Will McCallum, a KPMG managing director, said turmoil caused by the Economic Substa...

The year was 1995. Then computing expert and 20-year internet user Clifford Stoll published an article in Newsweek magazine outlining why the internet would not live up to the growing sense of hype. It was titled “The internet? Bah! — Hype alert: Why...

After the Premier’s question period last Friday in Parliament, David Burt was forced to take the seldom used “Personal Explanation” period during the next sitting on Monday to correct a misleading answer to a question I put to him. During the questio...

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 former governor of the Central Bank of Barbados was on the island to meet fellow members of the Bermuda Financial Policy Council. DeLisle Worrell was recently appointed to the council, which was created to advise on the development of Bermuda’s f...

The final piece of legislation in a raft of new safeguards to protect Bermuda from money laundering and terrorist funding was passed in the Senate today. Kathy Lynn Simmons, the Attorney-General, said the Bermuda Bar Amendment Act “further enhances ...

The head of Bermuda’s fintech development group has stepped down a day after he admitted forging his car registration documents. The Ministry of National Security confirmed yesterday that John Narraway quit yesterday as chairman of the Fintech Busine...

More than 20 fintech companies have incorporated in Bermuda, the Premier said yesterday. David Burt, who is also Minister of Finance, provided the House with a list of 21 fintech companies. Organisations such as Binance, Unikrn, iCash, Hub Culture, D...

MPs approved a new type of banking licence to cater to Bermuda’s fintech industry last night. David Burt, the Premier and Minister of Finance, told the House of Assembly that the restricted licence would allow fintech companies access to a Bermuda ba...

The chairman of the island’s blockchain business development group was yesterday fined for forgery of his car registration. John Narraway admitted to using fraudulent vehicle documents in Magistrates’ Court yesterday and was fined $300 by Magistrate ...

On July 13, the first session of Premier’s Question Time took place. Among other questions asked by others, I posed questions to David Burt in regards to Arbitrade. It has been well documented that it is a company that has raised red flags for a num...

Cryptocurrency. I touched on this one word last week in which I warned of snake oil salesmen. For me I cringe every time I hear the word uttered. Why? Because once you get past the slick marketing campaigns, the media hype and self-styled investment ...