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AML/ATF Ministerial Advisory 3/2014
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AML/ATF Ministerial Advisory 2/2013
AML/ATF Ministerial Advisory 1/2013
AML/ATF Ministerial Advisory 3/2012
AML/ATF Ministerial Advisory 2/2012
AML/ATF Ministerial Advisory 1/2012
AML/ATF Ministerial Advisory 3/2011
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NAMLC Updates  
NAMLC Quarterly – 1st Quarter
March 2013
NAMLC Quarterly – 4th Quarter
December 2012
NAMLC Quarterly – 3rd Quarter
September 2012
NAMLC Quarterly – 2nd Quarter
June 2012
NAMLC Quarterly – 1st Quarter
March 2012
NAMLC Quarterly - 4th Quarter
December 2011
NAMLC Quarterly – 3rd Quarter 2011
September 2011
NAMLC Quarterly – 2nd Quarter
June 2011
NAMLC Quarterly – 1st Quarter 2011
March 2011
NAMLC Quarterly Update - 4th Quarter
December 2010
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Helpful Links  
dept - namlc - Links
Bermuda Laws Online
Bermuda Laws and Information

Bermuda Monetary Authority (BMA)
Financial Services Regulator

Caribbean Financial Action Task Force (CFATF)
Regional FATF style body

Financial Intelligence Agency (FIA)
Repository agency for suspicious transaction reports

Financial Action Task Force (FATF)
International AML/CFT standards body

International Organisations  

Money Laundering and Terrorist Financing by their very nature crosses many national borders. Accordingly, there is a global apparatus in place for determining the standards to be implemented by countries worldwide to develop more effective transnational systems to combat these crimes.

The Financial Action Task Force (FATF) is the inter-governmental organization which sets the global standards for the anti-money laundering (AML) and countering financing terrorism (CFT) efforts.

The Caribbean Financial Action Task Force (CFATF), of which Bermuda is a member, is the regional organization associated with FATF, whose primary aim is to ensure that all its members effectively implement the international benchmarks to prevent money laundering and the financing of terrorism.

The International Monetary Fund (IMF) plays an important role in efforts to combat money laundering and the financing of terrorism. The IMF is especially concerned about the possible consequences of money laundering and the financing of terrorism on its members' economies and financial systems. These include risks to the soundness and stability of financial institutions and financial systems, increased volatility of international capital flows, and a dampening effect on foreign direct investment. The three main areas of the IMF's work in connection with anti-money laundering and combating the financing of terrorism are Assessments, Technical Assistance and Policy Development.

 

Reporting Suspicious Transactions  

Reporting Suspicious Transactions
Persons having any reason to suspect the commission of an offence under sections 43 to 45 of the Proceeds of Crime Act 1997 or under sections 5 to 8 of the Anti-Terrorism (Financial and other Measures) Act 2004, should report their suspicions to the Financial Intelligence Agency (FIA).  The FIA only accepts suspicious activity reports (SARs) submitted electronically via goAML (using the online submission form or XML transmission).

Training
The FIA is committed to provide one-on-one training to the various Reporting Entities in Bermuda in respect to the identification of suspicious activity and the filing of SARs. Please contact the FIA at:
analyst@fia.bm to schedule training.

General contact details for the FIA:

The Director of the FIA
Strata 'G' Building
30A Church Street
6th Floor
Hamilton HM11
Bermuda

Telephone: 441-292-3422
Fax: 441-296-3422
Email:
info@fia.bm
Website:
www.fia.bm

Contact Info  

Office of the National Anti-Money Laundering Committee
Ministry of Legal Affairs 
4th Floor
Global House
43 Church Street
Hamilton, HM12
Bermuda

Chairman: Mrs. Cheryl-Ann Lister
Tel: 441 294-9797
E-mail: info-namlc@gov.bm

If you would like to receive email notification of NAMLC related matters, including in relation to international sanctions, please send an email to info-namlc@gov.bm

FATF Style Regional Bodies  
Other Relevant International Organisations