ARTICLE · 15 MARCH 2021

Bermuda AML & ATF Country Update

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Bermuda is a leading international financial centre and maintains a comprehensive body of primary legislation relating to money laundering and terrorist financing, supported by a range of general and sector specific Guidance Notes ...

BermudaGovernment, Public Sector

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Member of the Financial Action Task Force? No (Member CFATF).
On FATF blacklist? No.
Member of Egmont? Yes.

Anti-Money Laundering background - overview of country risks

Bermuda is a leading international financial centre and maintains a comprehensive body of primary legislation relating to money laundering and terrorist financing, supported by a range of general and sector specific (insurers, lawyers accountants, amongst others) Guidance Notes issued by the Bermuda Monetary Authority (BMA).

The legislation and Guidance Notes together comprise a comprehensive code aimed at the prevention, discouragement, detection and prosecution of money-laundering and terrorist financing related offences in Bermuda.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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