European Parliament Library

Bermuda :, Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

Abstract
In the case of Bermuda, application of risk-based approaches seems particularly relevant not only to the insurance sector, but also to other types of financial and nonfinancial activities. The legal framework for investigation and prosecution of money laundering (ML) is well developed, and law enforcement and prosecutorial staff are highly motivated and professional. Bermuda’s Financial Investigation Unit (FIU) should be more adequately funded, staffed, and provided with additional technical resources, including, for instance, expertise in forensic accounting. A key strength of Bermuda’s supervisory regime is the integrated nature of financial sector supervision
Table Of Contents
Cover; Contents; ACRONYMS; PREFACE; EXECUTIVE SUMMARY; DETAILED ASSESSMENT REPORT; 1 GENERAL; 1.1 GENERAL INFORMATION ON BERMUDA; 1.2 GENERAL SITUATION OF ML AND FINANCING OF TERRORISM; THE ML SITUATION; THE TERRORIST FINANCING SITUATION; 1.3 OVERVIEW OF THE FINANCIAL SECTOR; 1.4 OVERVIEW OF THE DNFBP SECTOR; 1.5 OVERVIEW OF COMMERCIAL LAWS AND MECHANISMS GOVERNING LEGAL PERSONS AND ARRANGEMENTS; 1.6 OVERVIEW OF STRATEGY TO PREVENT ML AND FT; 2 Legal System and Related Institutional Measures; LAWS AND REGULATIONS; 2.1 CRIMINALIZATION OF ML (R.1 & 2); 2.1.1 Description and Analysis
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (190 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781280924774

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