23 October 2024
Bermuda regulatory update Q3 2024
As we move through the third quarter of 2024, the Bermuda Monetary Authority (“BMA”) has introduced several significant updates across key sectors, impacting financial sanctions, investment business legislation, and digital asset business regulation. This regulatory update outlines the latest sanctions imposed, amendments to investment business legislation, updates for Digital Asset Businesses (“DAB”), and important consultation proposals regarding general powers and fee-related changes. These updates reflect Bermuda's commitment to maintaining robust financial oversight and adapting to evolving global compliance requirements.
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