Bermuda
Banking in Bermuda on SBT.
SBT is production-deployed by Bermuda-licensed banks. Full compliance with BMA requirements for KYC/KYB, AML/CFT, transaction monitoring, and regulatory reporting.
Regulatory framework
Bermuda Monetary Authority (BMA)
Bermuda’s banking regulatory framework is overseen by the Bermuda Monetary Authority (BMA). The Digital Asset Business Act (DABA) provides the licensing framework for digital asset operations alongside traditional banking requirements.
- Know Your Customer (KYC) and beneficial ownership verification
- Sanctions screening (OFAC, UN, EU consolidated lists)
- Transaction monitoring and AML/CFT compliance
- Capital adequacy requirements (Basel III framework)
- Regulatory reporting (monthly financial returns, AML/CFT compliance reports)
- Customer complaint handling and dispute resolution
- Digital Asset Business Act (DABA) licensing for digital asset operations
SBT compliance coverage
How SBT addresses these requirements.
- Integrated KYB (Know Your Business) orchestration with screening provider integration
- Transaction monitoring integration with leading AML/CFT systems
- Beneficial ownership tracking and continuous monitoring
- Regulatory reporting templates used in Bermuda banking operations
- Audit trails and evidence preservation for BMA examination
- Multi-currency payment orchestration with correspondent bank connectivity
- Stablecoin infrastructure for Bermuda-based digital asset operations under DABA
Deployment readiness
Production-ready.
SBT is production-deployed for Bermuda banking operations. A bank deploying on SBT can present the platform to the BMA as meeting operational control requirements. The platform has been deployed by Bermuda-licensed banks.
Last reviewed: March 2026
Ready to deploy in Bermuda?
A conversation with our team will clarify how SBT fits your regulatory requirements in Bermuda.