BMA / NAMLC Q&A session on AML/ATF: Frequently Asked Questions (FAQ) Document released.
On May 2, 2017, KPMG hosted a Question & Answer Panel Session on Anti-Money Laundering (“AML”) / Anti-Terrorist Financing (“ATF”) with guest speakers from the Bermuda Monetary Authority (“BMA”) AML Supervision team and the Office of the National Anti-Money Laundering Committee (“NAMLC”).
This session was organised following a series of questions from regulated institutions in relation to the updates to Bermuda’s AML / ATF Regulations; to the revised Guidance Notes; and in relation to Bermuda’s preparation for the Mutual Evaluation to be conducted by the Caribbean Financial Action Task Force (“CFATF”) in 2018. The BMA / NAMLC acknowledged industry’s request for additional support and participated in an informal Q&A session to respond to the questions and challenges regulated institutions are facing.
The FAQ document has been prepared from the BMA and NAMLC’s responses to the questions received during and after the event.
Our large and experienced team is happy to help with any additional questions you may have.
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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.