Sonia Williams et al. v. Lawrence Scott et al.
Sonia Williams et al. vs. Lawrence Scott and Eugene Scott, as Executors of Fitzgerald Frank Theodore Williams, deceased - Bermuda Supreme Court
Suspected money laundering in Bermuda
British police investigating an alleged fraud that could run into billions of pounds are looking into whether some of the money may have been laundered in Bermuda.But they have been criticized by Bermuda Monetary Authority general manager Malcolm Williams for making allegations about the island which appear unsupported by any evidence.
Over 70 international banks represented in Bermuda
Tempting as it is to believe that international banking competition is next to impossible on a tiny island served by just three licensed banks, the belief could not be further from the truth.Bermuda's domestic banks compete for international business not only among themselves, but, increasingly, against powerful overseas financial institutions, some of which access the Bermuda market through local corporate vehicles that do not require banking licences.