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New laws combat money laundering and terrorist financing
  • Bermuda
  • 28 September 2009

Bermuda has longstanding obligations to maintain procedures on anti-money laundering and anti-terrorist financing. The Proceeds of Crime Regulations (Supervision and Enforcement) Act 2008 established a new regulatory regime, designating the Monetary Authority as the supervisory body for securing compliance with the regulations by relevant institutions and detailing the obligations and powers related to this duty.

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