AML-ATF Ministerial Advisory 3/2019: Money Laundering and Terrorist Financing controls in higher risk jurisdictions

Requirement to apply Enhanced Due Diligence for higher risk jurisdictions

Minister of Legal Affairs Issues New Advisory on the Risks Relating to Deficiencies in Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Systems and Controls in Specified Jurisdictions (AML-ATF Ministerial Advisory 1/2017):

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Requirement to apply Enhanced Due Diligence for higher risk jurisdictions

Minister of Legal Affairs, Hon. Kathy Lynn Simmons, JP, today issued AML-ATF Advisory 2/2018 about the risks in a number of jurisdictions arising from inadequate systems and controls to combat money laundering and terrorist financing.

The Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 (POCA Regulations) require the Bermuda regulated sector and relevant persons to apply enhanced customer due diligence to high-risk countries.

Ministerial Statement by the Minister of Legal Affairs, The Hon. Trevor G. Moniz JP MP

Mr. Speaker, I wish to update this Honourable House on the progress that has been made by the Financial Intelligence Agency (FIA) in particular, and the National Anti-Money Laundering Committee in general, in updating Bermuda's Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) framework, to include within its scope the supervision of dealers of high value goods. This effort is part of Bermuda's continuing commitment to enhance

Minister of Legal Affairs Issues New Advisory on the Risks Relating to Deficiencies in Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Systems and Controls in Specified Jurisdictions

To register a charity, you must complete an