The Financial Secretary who has supervision of the Ministry of Finance Head Quarters, in exercise of the power conferred by section 6(6) of the Public Access to Information Act 2010, gives the following Notice:
Citation
1. This Notice may be cited as the Public Access to Information (Information Statement- Contracts Valued $50,000 or More) Ministry of Finance Head Quarters Notice 2018.
Contracts to which this Notice applies
2. This Notice applies to the contracts contained in the following Table:
Table
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Name of Contractor/ Contracting Parties |
Contract Start Date |
Contract End Date |
Description of Goods/ Services Provided |
Contract Value |
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Sutton European Legal Services |
1st July, 2010 |
March, 2018 |
Advises the Ministry of Finance on EU law and policy having an impact on the Bermuda economy, such as financial services, statutory audit, direct taxation, economic crime and corporate governance |
€500.00 per hour billed monthly; plus out of pocket expenses. |
|
Cubitt Consulting Limited |
1st April, 2013 |
February, 2018 |
Through Media, leverages current dialogue and issues to enhance understanding of Bermuda as a vital asset for the UK’s international competitiveness and business offering. |
Retainer of £8,905.60 per month; plus out of pocket expenses |
|
Steptoe & Johnson LLP (Shared with Cabinet Office) |
June, 2018 |
On-going |
To provide professional advice and services in relation to the Ministry of Finance’s response to the European Union Code of Conduct Group as well as matters pertaining to Brexit and other EU matters as directed by the Minister. |
$268,000 |
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Stikeman Elliott (London) LLP |
June 13th 2017 |
November 2018 |
Engagement to review and provide professional advice and services in relation to the Ministry of Finance’s response to the European Union (EU) Code of Conduct Group, regarding the formulation of its list of non-cooperative jurisdictions in tax matters, and in particular, the questions posed by the Code of Conduct Group, in its letter to the Ministry of Finance of June, 2017. Also undertake additional research and preparation work, attend meetings in London, Brussels and Paris, and provide further professional advice and services in response to the European Union Code of Conduct Group’s additional questions related to the EU screening exercise posed by the Council, and post meetings and reporting on the Code of Conduct Groups list of non-cooperative jurisdictions in tax matters |
$176,232 |
|
Deloitte and Vizor |
April 2017 |
June 2018 |
To create a specialized web portal for USA FATCA and OECD Country by Country reporting (“CbC”) and Common Reporting Standard (“CRS”) filings to be uploaded to this new Portal from Bermuda financial institutions. This system was required for Bermuda to meet its International Tax Reporting Obligations agreed by the international community represented by the G20 and the OECD |
$2,213,858. |
|
Deloitte and Vizor |
June 2018 |
On-going |
Maintain the tax reporting portal for Bermuda to meet its International Tax Reporting Obligations agreed by the international community represented by the G20 and the OECD |
$295,546 |
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KPMG |
February, 2018 |
April, 2018 |
To assist the National Anti-Money Laundering Committee in the development of appropriate Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) policies that reflect the findings of the National Risk Assessments on terrorist financing and money laundering (ML/TF), which were conducted in 2016 and 2017 respectively.
|
$140,000 |
|
Alan Richardson |
January 1, 2019 |
June 30, 2019 |
Provision of general consulting services to assist with the operationalization of the Deposit Insurance Scheme together with the ongoing administration of the Scheme |
$168,000 |
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Made this __15__ day of January, 2019
Name of head of the public authority
Financial Secretary who has supervision of the Ministry of Finance Head Quarters