Uncategorized

The BBA Welcomes BMA Engagement on Conduct of Business
Craig Swan, the Authority’s Chief Executive Officer, stated, “This amendment of the BMA Act marks a key milestone for the Authority’s customer protection strategy, demonstrating the jurisdiction’s commitment to the highest financial services standards through...
Comparative Bank Fees in U.S. market
As in any competitive market, a variety of fees and minimum balances are available and we provide this comparison to the U.S market for illustrative purposes: https://www.mybanktracker.com/news/checking-account-fee-comparison-top-10-us-banks Please shop for the plan that best suits...
The BBA Supports Global Cooperation on developing a Digital Assets Framework for Banking
Fact Sheet_ Framework for International Engagement on Digital Assets _ U.S. Department of the Treasury
The BBA asks that all Bermuda Banking customers seek to protect against Elder Financial Exploitation
FinCEN Advisory Elder Financial Exploitation FINAL 508
Bermuda Licenses its first Digital Bank
https://www.royalgazette.com/banking/business/article/20220607/new-licence-issued-for-digital-bank/
BBA Webinar on Russian Sanctions
The BBA recently held a timely and informative webinar on Russian Sanctions compliance.   You may watch the zoom presentation by using the link below: https://us02web.zoom.us/rec/share/qYWOgTAapIYnPB6nHvFNa3aVbytnodUSEKwFO5hy1GnJVK2c_RX0CmahDTYB-4Q.q6x4zEmlNbZX9GaO?startTime=1652453337000 Passcode: Ni?#16Jb
Bermuda at the Forefront of Global Privacy Regulation
https://www.royalgazette.com/international-business/business/article/20220509/privacy-chief-at-digital-trade-talks/
BBA Efforts to Enhance Comparison of Bank Rates and Fees
The BBA is undertaking an initiative to guide the banking community to information that will assist in making informed choices as to the use of banking services in Bermuda.   Please use the link below...
Instant Payments — Coming Up Fast
Instant Payments
Sanctions Screening Webinar — Russian Entities
https://youtu.be/YlT6zYf4WdA