Bermuda (BM)

NA · Lead regulator: BMA

Opportunity score

24.4Medium63

Norms tracked

LLM-analyzed

100% coverage

CertiK services

2/14

Maturity

Low

1/6 dimensions

Next deadline

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Regulatory coverage

Which of the six core regulatory dimensions this jurisdiction's norms actually address. Coverage is detected from the source text — not a structural heuristic.

Token issuanceNot detected

CustodyNot detected

Market abuseNot detected

AML / KYTCovered

TaxationNot detected

Consumer protectionNot detected

Data confidence — four components

Breakdown of the confidence badge shown above. Each component is independent and they sum (weighted) to the overall score.

Analysis coverage

100%

Share of tracked norms that have been LLM-analyzed.

Coverage breadth

17%

Share of the six regulatory dimensions that this jurisdiction's norms address.

Regulator diversity

75%

How many distinct regulators contribute to the tracked norms.

Evidence density

50%

Share of LLM-extracted fields backed by a verbatim source quote (Phase 1).

Regulators

BMA (lead)FIAGovernment of Bermuda

CertiK services triggered

Green = triggered by at least one norm in this jurisdiction.

Security Auditing

Smart Contract Audit

L1 Chain Audit

Penetration Testing

Formal Verification

Compliance & Monitoring Products

SkyInsights — AML / KYT1n

Skynet — Threat Monitoring1n

Proof of Reserves

Skyshield — Bug Bounty

Performance Testing

Due Diligence

Incident Response

Advisory & Certification

Independent Certification

Security Guidance

Regulatory Compliance Support

Underlying norms

6 norms with regime, scope, gaps and verbatim evidence quotes. Scroll for more.

Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008

regulation · BMA · 2008-12-23

Scope: The provided text is a generic header from the Bermuda Laws Online website and does not contain the substantive content of the regulation.

Gap or ambiguity: The text does not contain the actual regulatory provisions, making it impossible to identify any gaps or ambiguities.

source ↗

Anti-Terrorism (Financial and Other Measures) Act 2004

statute · — · 2004-12-16

source ↗

Bermuda Financial Intelligence Agency (FIA) — Bermuda FIU; receives and analyzes Suspicious Activity Reports (SARs); part of Caribbean FATF (CFATF)

guidance · FIA · —· 1/2 anchored

In force

Scope: This text establishes Bermuda's Financial Intelligence Agency (FIA) as the central authority for receiving and analyzing Suspicious Activity Reports (SARs). It outlines the FIA's role in combating money laundering and terrorist financing.

Gap or ambiguity: The text does not specify the technical standards or specific triggers for filing SARs related to crypto-asset transactions, creating a potential role for independent validation of monitoring systems.

SkyInsights — AML / KYTSkynet — Threat Monitoring

Evidence (1) — verbatim quotes from the source

Status
“The FIA Act became operable on 15 November 2008 pursuant to Official Gazette Notices Nos. 70 and 71 of 2008.”

source ↗

Bermuda tax regime landing — Bermuda has no income tax, capital gains tax, dividends tax or wealth tax for individuals or (historically) companies; government revenue from payroll tax, customs duties and fees; no VAT/GST

guidance · Government of Bermuda · —

source ↗

Digital Asset Business Act 2018

statute · BMA · 2018-06-25

Scope: The provided text is an error page from the Bermuda Laws Online website and contains no substantive regulatory content.

source ↗

Investment Business Act 2003

statute · BMA · 2003-07-17

source ↗