General Licences issued by the Government of Bermuda allow for specific activities that would otherwise be prohibited under Bermuda’s sanctions regime. These licences are designed to support compliance with international obligations—particularly those related to financial and trade sanctions—while providing legal clarity and operational flexibility in narrowly defined circumstances.

All entities using a General Licence must ensure compliance with the relevant terms, maintain accurate records, and be prepared for audits by the Government of Bermuda.

2025

12 June 2025 

General Licence 2025 /01GL allows for payment for the provision of legal services to a designated person under the Russia or Belarus regimes. Firms will not have to wait for a specific licence before they can receive payment from or on behalf of designated persons, provided that the terms of the general licence are met.

Persons intending to use the General Licence should consult the copy of the Licence on the Sanctions Measures webpage, refer to FSIU’s General Guidance, and notify the FSIU (fsiu@gov.bm) in accordance with the reporting requirements.

 

3 January 2025

General Licence 2024 /09GL allows for payment for the provision of legal services to a designated person under the Russia or Belarus regimes. Firms will not have to wait for a specific licence before they can receive payment from or on behalf of designated persons, provided that the terms of the general licence are met.

Persons intending to use the General Licence should consult the copy of the Licence on the Sanctions Measures webpage, refer to FSIU’s General Guidance, and notify the FSIU (fsiu@gov.bm) in accordance with the reporting requirements.

 

2024

20 December 2024

General Licence 2024 / 08GL allows payments and other permitted activities to take place in relation to insolvency proceedings associated with GTLK Europe and GTLK Capital and their subsidiaries. Persons will not have to wait for a specific licence before they can carry out activities in relation to these proceedings, provided that the terms of the general licence are met.

Persons intending to use the General Licence should consult the copy of the Licence on the Sanctions Measures webpage, refer to FSIU’s General Guidance, and notify the FSIU (fsiu@gov.bm) in accordance with the reporting requirements.

 

3 June 2024

FSIU has issued Bermuda General Licence 2024 / 03GL which allows for payment for the provision of legal services to a designated person under the Russia or Belarus regimes. Firms will not have to wait for a specific licence before they can receive payment from or on behalf of designated persons, provided that the terms of the general licence are met.

 Persons intending to use the General Licence should consult the copy of the Licence on the Sanctions Measures webpage, refer to FSIU’s General Guidance, and notify the FSIU (fsiu@gov.bm) in accordance with the reporting requirements.
 

2023

21 March 2023

FSIU has issued Bermuda General Licence 2023 / 03GL under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 as extended by the Russia (Sanctions) (Overseas Territories) Order 2020 via the International Sanctions Regulations 2013.  General Licence 2023 / 03GL, permits Persons to  undertake activity necessary to terminate an arrangement to provide Trust Services between them and a Designated Person, provided that the terms of the general licence are met. 

Reports to the Minister of Legal Affairs and Constitutional reform in compliance with this licence should be sent to the FSIU (fsiu@gov.bm).
 

17 March 2023

FSIU has issued Bermuda General Licence 2023 / 02GL under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 as extended by the Russia (Sanctions) (Overseas Territories) Order 2020 via the International Sanctions Regulations 2013. General Licence 2023 / 02GL permits the supply or delivery of Russian oil and oil products by ship, as well as provision of associated services, subject to the price cap terms being met. 

Reports to the Minister of Legal Affairs and Constitutional Reform, in compliance with this licence, should be sent to the FSIU (fsiu@gov.bm). 

2022

20 December 2022

FSIU has issued Bermuda General Licence 2022 / 05GL  which allows for payment for the provision of legal services to a designated person under the Russia or Belarus regimes. Firms will not have to wait for a specific licence before they can receive payment from these designated persons, provided that the terms of the general licence are met.
 

Financial Sanctions Update: General Licence: Russia Sanctions - Vessels
20 October 2022

FSIU has issued Bermuda General Licence 2022 / 04GL under Regulation 65 of the Russia (Sanctions) (EU Exit) Regulations 2019 as extended by the Russia (Sanctions) (Overseas Territories) Order 2020 via the International Sanctions Regulations 2013.

General Licence 2022 / 04GL, provides regulation on the provision of technical assistance, financial services and funds, and brokering services, related to vessels. This licence takes effect from 20 October 2022 and is of indefinite duration.
Any Persons intending to use the General Licence should notify the FSIU within 30 days of use.