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Bermuda Report on 2025 Proliferation Financing Risk Assessment

Bermuda has released its inaugural National Risk Assessment on Proliferation Financing (PF NRA), marking the jurisdiction's first formal evaluation of proliferation financing risks. The assessment was conducted by the National Anti-Money Laundering Committee and aligns with the Financial Action Task Force's (FATF) updated Recommendation 1, which requires countries to identify, assess and understand risks related to the breach, non-implementation, or evasion of targeted financial sanctions.

Bermuda Report on 2025 Proliferation Financing Risk Assessment

About the Report

Proliferation Financing (PF) refers to the provision of funds or financial services for the manufacture, acquisition, or use of nuclear, chemical, or biological weapons and their delivery systems. As an international financial centre, Bermuda maintains a commitment to identifying and mitigating this risk across its regulated sectors.

The report was developed through extensive collaboration between Government departments, regulatory agencies, law enforcement, and private sector stakeholders across Bermuda's banking, funds, trusts, insurance, digital asset, legal, accounting, real estate and specialist retail sectors.

Download the report

Download the Bermuda Report on 2025 Proliferation Financing Risk Assessment

Who should read this report

This report is relevant to financial institutions, digital asset businesses, trust and corporate service providers, legal and accounting professionals, real estate professionals, dealers in high value goods, compliance officers, supervisors, law enforcement, policymakers and other persons involved in Bermuda's AML/ATF/CPF regime.

Source: gov.bm/articles/bermuda-report-on-2025-proliferation-financing-risk-assessment
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