In order to assist AML/ATF regulated financial institutions to comply with the provisions of the Proceeds of Crime Act and Regulations the Bermuda Monetary Authority has issued General and Sector-specific AML/ATF Guidance Notes with the approval of the Minister. In addition the Authority has published a Statement of Principles relating to how it will exercise of a number of the powers created by the Supervision Act.
The Minister also issues, from time to time, Ministerial Advisories, relating to Money Laundering and Terrorist Financing controls in higher-risk jurisdictions. These are also provided below to assist AML/ATF-regulated financial institutions in implementing the requirements to apply enhanced due diligence for higher-risk jurisdictions.
- General Guidance Notes for AML/ATF Regulated Entities (Revised). 12 June 2023.
- Annex I - Sector Specific Guidance Notes for Trust Business. 14 February 2023.
- Annex III - Sector-Specific Guidance Notes for the Securities Sector. 14 February 2023.
- FSIU Financial Sanctions General Guidance for Financial Sanctions. 24 September 2021.
- Annex VIII - Sector-Specific Guidance Notes for Digital Asset Business (DAB). 20 September 2018.
- Enforcement Guide - Statement of Principles and Guidance on the Exercise of Enforcement Powers. 10 September 2018.
- Annex II - Sector-Specific Guidance Notes for Long-Term Insurance Business. 2 November 2016.
- Statement of Principles - Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing Supervision and Enforcement. 1 October 2010.
Current Ministerial Advisory
- AML/ATF Ministerial Advisory 1 2024. Money Laundering and Terrorist Financing. 2 April 2024.
- AML/ATF Ministerial Advisory 3 2023. Money Laundering and Terrorist Financing. 17 November 2023.
- AML-ATF Ministerial Advisory 2 2023. Money Laundering and Terrorist Financing. 7 July 2023.
- AML/ATF Ministerial Advisory 1 2023. Money Laundering and Terrorist Financing. 24 April 2023.
- AML/ATF Ministerial Advisory 2 2022. Money Laundering and Terrorist Financing. 15 July 2022.
- AML/ATF Ministerial Advisory 1 2022. Money Laundering and Terrorist Financing. 13 April 2022.
- AML/ATF Advisory 3 2021. Money Laundering and Terrorist Financing. 19 November 2021.
- AML/ATF Ministerial Advisory 2 2021. Money Laundering and Terrorist Financing. 14 July 2021.
- AML/ATF Ministerial Advisory 1/2021. Money Laundering and Terrorist Financing. 25 March 2021.
- AML/ATF Ministerial Advisory 2 2020. Money Laundering and Terrorist Financing. 21 November 2020.
- AML/ATF Ministerial Advisory 1 2020. Money Laundering and Terrorist Financing. 12 May 2020.
- AML/ATF Ministerial Advisory 3 2019. Money Laundering and Terrorist Financing. 19 December 2019.
- AML/ATF Ministerial Advisory 2/2019. Money Laundering and Terrorist Financing. 19 August 2019.
- AML/ATF Ministerial Advisory 1 2019. Money Laundering and Terrorist Financing. 22 February 2019.
- AML/AFT Ministerial Advisory 3 2018. Money Laundering and Terrorist Financing. 26 November 2018.
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