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

Front Cover
International Monetary Fund, Mar 19, 2008 - Business & Economics - 189 pages
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.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Contents

ACRONYMS
PREFACE
EXECUTIVE SUMMARY
Detailed Assessment Report on AntiMoney Laundering and Combating the Financing of Terrorism
ANNEXES
Copyright

Other editions - View all

Common terms and phrases

Bibliographic information