Description & General Information
The Money Service Business Act 2016 (the Act) came into force on 31st January 2017. The Act provides for a licensing regime for an undertaking (unless otherwise exempted) engaging in money service business as defined by the Act, either in or from Bermuda. For copies of Money Service Business legislation, visit the Legislation section.
In addition to the Money Service Business Act the
following laws may be applicable to the operation of a money service business.
Bermuda Monetary Authority Act 1969
Bermuda Monetary Authority (Financial Institutions) (Control)Regulations 1994
Companies Act 1981
Exchange Control Regulations 1973
Exchange Control Act 1972
Segregated Accounts Companies Act
Tax Act 2017