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Financial sanctions updates from Bermuda’s Monetary Authority

19 Dec 2024
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The Bermuda Monetary Authority has recently issued important updates regarding financial sanctions. These measures mandate that financial institutions evaluate their exposure to newly listed entities, freeze any relevant assets, and report their actions to the Reporting Authority.

Failure to comply could result in significant penalties, emphasising the need for prompt adherence. To remain informed, financial institutions are advised to frequently review updates posted on the Bermuda Monetary Authority’s website.

For more information on specific notices, visit the Bermuda Monetary Authority’s website here.

Authors
Henry Tucker
Partner | Dispute Resolution | Bermuda
Aki Corsoni-Husain
Partner | Funds & Regulatory | London
Mirza Manraj Harneys front portrait image on a grey background
Mirza Manraj
Counsel | Funds & Regulatory | Hong Kong