The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.

Transparency

• OECD Common Reporting Standard is in effect from 2016, with 2017 reporting.
• OECD Country-by-Country Reporting has been adopted for 2016, with 2017 reporting.
• Model 2 intergovernmental agreement signed with the US to facilitate FATCA
• Beneficial Ownership information exchange with competent international authorities.
• Early adopter of the OECD Convention on Automatic Exchange of Information.

OECD Common Reporting Standard (CRS)

Mr Speaker,

I wish to inform this Honourable House of Government’s intention to update and modernize Bermuda’s laws relating to bribery and corruption.

Tackling these evils requires first of all an effective law on bribery and corruption. This, we will do by bringing forward legislation which is based on the United Kingdom’s Bribery Act 2010, and by making various amendments aimed at combating corruption.

Mr Speaker,

The National Anti-Money Laundering Committee (NAMLC) advises the Ministers responsible for Finance, and Legal Affairs and Constitutional Reform regarding:

The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance. 

The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.