Bermuda (Offshore / IFC • British Overseas Territory). Risk report as of the 19 Jun 2026 FATF plenary.
Bermuda, a well-governed British Overseas Territory and established international insurance and reinsurance hub, presents a Low composite risk score of 2.6 with consistently sound institutional indicators.
At a glance
- FATF status: Not currently listed
- Sanctions: None
- Governance (WGI) base: 2.6/10
- Corruption (CPI): no score
- Enforcement: no RegActions coverage
RegActions Country Risk Score: 2.6/10 (Low)
Higher score = higher risk (global average 5.0). A Basel-structured, Wolfsberg-aligned composite: a World Bank WGI governance base, with FATF listing and sanctions as escalators (capped at 10). Enforcement volume and CPI are shown but not scored.
How it is scored
- Corruption (WGI) (35%): 2.8/10
- Rule of law & institutions (40%): 2.8/10
- Political stability (15%): 1.7/10
- Voice & accountability (10%): no data
- Governance base: 2.6
- Composite: 2.6
FATF status: Not currently listed
Bermuda is not on the FATF grey or black list as of the 19 Jun 2026 plenary.
Why Bermuda matters
- Bermuda is a leading domicile for (re)insurance and captive insurance, meaning counterparty exposure is common for financial institutions and corporate risk managers.
- Corruption and rule of law domains both score 2.8, indicating broadly comparable, moderate governance performance across these two weighted dimensions.
- Political stability scores 1.7, reflecting a very stable environment; voice and accountability data are not available in the dataset.
- No FATF listing, no sanctions, and no tracked regulatory enforcement actions recorded.
RegActions analysis
Bermuda's composite score of 2.6 sits comfortably in the Low band, roughly half the global average. The governance base is anchored by corruption and rule of law domain risks of 2.8 each, both relatively contained for an offshore financial centre. Political stability at 1.7 is a strength. Voice and accountability data are absent, preventing a full four-domain assessment, though this does not affect the scored result. No FATF or sanctions escalators apply. No CPI data are provided for this jurisdiction.
Outlook
Bermuda's outlook is stable. Its British Overseas Territory status and long-standing regulatory infrastructure support continued low-risk classification. Firms should remain attentive to developments at the October 2026 FATF plenary and to any legislative changes affecting Bermuda's insurance regulatory framework, but no immediate escalation factors are present in the current data.
Key watchpoints
- Absence of voice and accountability data introduces a minor gap in the governance picture; monitor any emerging accountability concerns.
- FATF October 2026 plenary outcomes should be reviewed to confirm continued non-listing.
- Captive and (re)insurance structures may require enhanced counterparty checks where ultimate beneficial owners are obscured.
- No enforcement actions are recorded, but firms should verify whether the jurisdiction's regulator publishes its own enforcement data independently.
Source: FATF black & grey lists · World Bank WGI (CC BY 4.0 — World Bank WGI) · TI CPI (CC BY-ND 4.0 — Transparency International, display only)