Government of Bermuda
Mr. Speaker, I am extremely pleased to rise today to advise Honourable Members of the outstanding findings included in the recently published Mutual Evaluation Report (MER) of Bermuda’s systems and framework to combat money laundering and the financing of terrorism and proliferation.
Oyster Consulting (Bermuda) Ltd. has been engaged by the Registry General to assist with a national assessment of the entire local charities sector. This is being conducted to identify if any entities are vulnerable to being used as a conduit for terrorist financing.
Oyster Consulting (Bermuda) Ltd., on behalf of the Registry General, will be contacting local churches, charitable trusts, companies limited by guarantee or any other legal entity set up in Bermuda as a charity, for relevant information to assess whether there are any potential risks.
A public awareness campaign calling on Bermuda residents to join a national effort to combat global financial crime was announced today by Bermuda Premier and Finance Minister, the Hon. David Burt, JP, MP.
The “Just Good Business” campaign (http://www.goodbusiness.bm) highlights efforts underway by government, responsible authorities, and Bermuda-based international and local businesses to ensure the island meets the highest standards for anti-money-laundering (AML) and anti-terrorist-financing (ATF).
Good afternoon ladies and gentlemen of the media. Thank you for being here today.
Before I get started I want to acknowledge everyone with me today. We have:
Keeping in line with Bermuda’s active international effort to combat money laundering and terrorist financing, the Registrar General, in consultation with the National Anti-Money Laundering Committee (NAMLC), have been tasked with monitoring and regulating the charities sector to ensure that these organizations are not being used for money laundering or terrorist financing.
Good afternoon members of the media and Bermuda.
These are fast-moving times, and this Government is committed to ensuring Bermuda keeps up. We have hit the ground running and intend to maintain that momentum.
I have promised regular updates on the Government’s plans as we progress our agenda for a better and fairer Bermuda and this is why I stand before you today.
In order to provide jobs for Bermudians and ensure that all of Bermuda prospers, not just one segment, we must focus on the economy.
3 January 2025
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.