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The Impact of the New Bermuda AML Regime on Investment Fund Operators and Administrators

May 2009 Updated on 31 March 2010 Kathleen Moniz

Two new pieces of legislation have been introduced in Bermuda, effective January 1, 2009. The Proceeds of Crime Regulations (Supervision and Enforcement) Act 2008 (the "Supervision Act") and the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 require all Anti-Money Laundering and Counter Financing of Terrorism ("AML/CFT") regulated financial institutions to comply with various AML/CFT obligations under the recently updated and enhanced AML/CFT legislative framework.

 

To continue reading full articles in PDF format:
The Impact of the New Bermuda AML Regime on Investment Fund Operators and Administrators

 


Kathleen Moniz
Associate

Bermuda   +1 441 298 7883


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Investment Funds


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Bermuda


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Articles

The Impact of the New Bermuda AML Regime on Investment Fund Operators and Administrators

15 May 2009 Updated on 31 March 2010 Kathleen Moniz

Two new pieces of legislation have been introduced in Bermuda, effective January 1, 2009. The Proceeds of Crime Regulations (Supervision and Enforcement) Act 2008 (the "Supervision Act") and the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 require all Anti-Money Laundering and Counter Financing of Terrorism ("AML/CFT") regulated financial institutions to comply with various AML/CFT obligations under the recently updated and enhanced AML/CFT legislative framework.

 

To continue reading full articles in PDF format:
The Impact of the New Bermuda AML Regime on Investment Fund Operators and Administrators

 


Kathleen Moniz
Associate

Bermuda   +1 441 298 7883


 

expertise

Investment Funds


International Office(s)

Bermuda