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ARTICLE · 08 APRIL 2016

Bermuda Introduces Director Information Register

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Bermuda has introduced amendments to the Companies Act 1981 (Act) in order to maintain compliance with current Financial Action Task Force (FATF) requirements.

BermudaWealth Management
Timothy Faries
Timothy Faries
Steven Rees Davies
Steven Rees Davies
Tiffany Boys
Tiffany Boys
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Bermuda has introduced amendments to the Companies Act 1981 (Act) in order to maintain compliance with current Financial Action Task Force (FATF) requirements.

FATF is an international inter-governmental body that sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the global financial system.

The amendments to the Act require that every company registered in Bermuda shall file with the Registrar of Companies (Registrar) a list of its directors and shall notify the Registrar of any change to such list within thirty days of any such change.

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