Corporate Authorisations

Administration of beneficial ownership requirements and information requests in accordance with FATF recommendations.

The Corporate Authorisations section administers beneficial ownership filings and information requests for registered entities in accordance with applicable legislation and Financial Action Task Force (FATF) recommendations.

Responsibilities Include:

  1. Verifying beneficial ownership filings for registered entities
  2. Providing beneficial ownership information to competent authorities
  3. Reviewing beneficial ownership requests from obliged entities
  4. Processing legitimate interest beneficial ownership requests
  5. Reviewing discrepancies reported in beneficial ownership information

Beneficial Ownership

Identification of the natural persons who ultimately own, control, or exercise significant influence over a legal entity to enhance corporate transparency and prevent financial crime. Under Bermuda’s framework, in-scope entities must verify and record their registrable persons and relevant legal entities, submitting filings to the Registrar of Companies in compliance with statutory AML/ATF standards.

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