Bermuda Enhances Beneficial Ownership Framework

The Government of Bermuda has published a notice on the Beneficial Ownership Act 2025, which consolidates and enhances Bermuda's beneficial ownership framework, to align Bermuda with international standards for corporate transparency. Key changes include applying the framework to nearly all legal persons (with exceptions for listed companies and their subsidiaries), introducing new penalties for non-compliance, and strengthening verification requirements for beneficial owners. The Act is me…