Money laundering remains a serious risk for Bermuda

Money laundering remains a serious risk for Bermuda

The misuse of citizenship to carry out financial crime, particularly money laundering, is a serious risk to the island, a newly released report says. “Bermuda’s risk for money laundering remains high,...

NAMLC Fourth 2024 National Risk Assessment

The Government of Bermuda, through the National Anti-Money Laundering Committee [NAMLC], announced the publication of the 2024 National Risk Assessment [NRA] on Money Laundering and Terrorist Financing. A Government spokesperson said, “This marks the fourth assessment in Bermuda’s ongoing series, underscoring the jurisdiction’s deepening expertise in identifying, assessing, and understanding Money Laundering and Terrorist Financing [ML/TF] […]