Bermuda Doubles Down on Crypto Despite Recent Market TurmoilThe island's regulators aim to combine their international business expertise and a trained local workforce to become a digital-assets hub.Bermuda, long known for its offshore insurance and reinsurance...
As an increasing number of Latin American and Caribbean (LAC) countries are pursuing the development of a central bank digital currency (CBDC), VIXIO takes a look at some of the main drivers behind the trend in the region, and some of the risks and opportunities...
The crypto market's recent downturn sent Bitcoin (BTC) trading below $30,000 and Ether (BTC) below $2,000. However, Bermuda remains unfazed by the volatility in digital currency prices and is moving ahead with its plans to establish itself as a major crypto hub.Aside...
Bermuda headlines cryptocurrency news Bermuda is making headlines in cryptocurrency centred publications, republishing portions of a Wall Street Journal story focusing on the island. Nasdaq.com headlines their markets section with: "Bermuda Seeks to Expand...
Bermuda's plans to become a crypto hub remains unaffected by the crypto bearmarket. * Bermuda's Minister of Economy and Labor remains bullish on crypto.The BMA has not disclosed when it will be getting a full crypto operation license.Despite the current bear market,...
The Bermuda government is moving ahead with its ambitious dream to make Bermuda a crypto hub amidst the market downturn. The Bermuda government remains unaffected by the recent Terra crash in May.Since 2017, this beautiful island territory, popular for its pristine...
Amidst the current volatility in the cryptocurrency market, Bermuda is banking on its clarity surrounding digital asset legislation to attract more crypto projects and companies.Bermuda is one of the few countries in the world that has implemented a complete framework...
Risky Business: The Legal and Financial Implications of the Russia SanctionsThe speed at which sanctions were imposed left many questions unanswered, resulting in a flurry of calls and messages to attorneys who themselves were trying to understand the ramifications....
Bermuda confirms crypto hub ambitions despite market downturnThe Bermuda authorities is pushing on with its formidable plans to turn out to be a cryptocurrency hub regardless of the large market downturn in 2022.The small island territory identified for its pristine...
"We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island's ability to become a crypto hub," said Bermuda's Minister of Economy and Labor Jason Hayward. The Bermuda government is pushing on with...
Bermuda is the most recent jurisdiction to express a desire to be at the forefront of cryptocurrency legislation. It is presently planning to create a comprehensive and extensive crypto-regulatory framework.Bermuda's government is pressing ahead with its ambitious...
The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL) to address the engagement by FDIC-supervised institutions in crypto-related activities. All FDIC-supervised institutions that intend to engage in, or that are currently...
FinCEN issued an advisory on kleptocracy and foreign public corruption, urging financial institutions to focus their efforts on detecting the proceeds of foreign public corruption—a priority for the U.S. Government as it continues to implement the U.S. Strategy on...
The Office of Foreign Assets Control (OFAC) published Executive Order (E.O.) of April 6, 2022 “Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression”, to ban all new investment in...
FIBA is recognized by the financial services industry, regulators, and law enforcement as a Center for Excellence for its knowledge and expertise in anti-money laundering compliance and its high-level education and training programs. When it comes to the future of...
Be positive — It is important to be an optimist even in the most difficult of circumstances. This creates a positive atmosphere and motivates employees. We have continued to be optimistic even during the darkest days of the pandemic and this helped motivate the...
NextPlay Technologies, Inc. (Nasdaq: NXTP), announced that NextBank International, the international banking unit of its fintech division, has signed a Memorandum of Understanding (‘MOU’) with Alphabit Consulting Pte. Ltd., to provide deposit accounts and...
It is with the greatest sadness that we inform you of the passing of Gerald Lewis, former Florida Comptroller. Gerald Alvin "Jerry" Lewis (born March 31, 1934) was an American attorney who was the 26th Comptroller of the State of Florida, servicing from January 7,...
(Miami, August 3rd 2017) – Florida International Bankers Association (FIBA) has announced a new event that will be taking place in Miami, Florida on Wednesday, August 30th to connect FinTechs and banks titled “FIBATech.” David Schwartz, President and CEO, FIBA: “I am...
Miami, Florida – April 19, 2017 – FIBA, The Florida International Bankers Association, has released a technology platform with endless possibilities to connect professionals from all over the world. In a digitally interactive society, it is a priority to...
Teresa Foxx has taken over the Florida International Bankers Association at a crucial time. Local banks have recovered from the recession and are back on their feet. But federal and international regulations are putting strain on some financial institutions by asking...
The following alert was issued by a member of FIBA's Legal and Regulatory Affairs Committee regarding the Trump Administration’s Cuba Policy: On Nov. 8, 2017, the U.S. Government announced new regulations in furtherance of the Trump Administration’s policy regarding...
Powerful things can happen when you bring together a group of generous women leaders, a top-rated charity organization and the holiday spirit. And that’s exactly what took place when the FIBA Women’s Leadership Committee (WLC) teamed up, for the second straight year,...
A live bossa nova soundtrack, a rainbow gracing the Miami skyline, and a packed house of the who’s who of the city’s international banking community marked the celebration of FIBA's 2018 Annual Membership Meeting at the Intercontinental Hotel on Wednesday. Co-hosted...
Earlier this month, City National Bank of Florida (CNB)—a FIBA member institution since 2010— made a major donation of 179 desktop computers and peripheral equipment to the South Florida Digital Alliance (SFDA) thanks to the collaborative efforts of CEO Jorge...
With the recent explosion of cryptocurrencies and related businesses, regulators throughout the world are finding themselves increasingly under pressure to define the landscape. Stakeholders are now demanding appropriate legal frameworks that will provide protections...
Miami, FL, 19 de noviembre de 2018 — La Asociación Internacional de Banqueros de Florida (FIBA, por su sigla en inglés) acaba de lanzar una versión latinoamericana renovada de su pionero Asociado de Certificación contra el Lavado de Dinero (AMLCA, por su sigla en...
Miami, FL, November 19, 2018 — The Florida International Bankers Association (FIBA) has just launched a revamped, Latin-American version of its pioneer AMLCA (Anti-Money Laundering Certified Associate). This updated certification rolled out its first edition in Panama...
ByMengqi Sun Recently imposed sanctions on Venezuela have posed new compliance risks for U.S. and international financial institutions as they seek to untangle business ties between the two countries to meet evolving requirements. The Treasury Department has ramped up...
Santo Domingo, Abril 22, 2019 – La Unidad de Análisis Financiero (UAF) y la Asociación Internacional de Banqueros de la Florida (FIBA por sus siglas en inglés) suscribieron un acuerdo de colaboración con el objetivo de ofrecer capacitaciones, incluyendo la...