Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008
Download PDF| Year | 2008 |
|---|---|
| Category | Consolidated |
| Last Updated | 2026-02-19 16:15:51 |
|---|---|
| File Size | 287.0 KB |
| Source | bermudalaws.bm |
Table of Contents
- 1. Citation and commencement
- 2. Interpretation
- 3. Meaning of beneficial owner
- 4. Application of Regulations
- 5. Meaning of customer due diligence measures
- 6. Application of customer due diligence measures
- 7. Ongoing monitoring
- 8. Timing of verification
- 8A. Casinos: timing of verification of identity of patrons
- 8B. Casinos: patron accounts
- 8C. Casinos: prohibited transactions
- 9. Requirement to cease transactions, etc.
- 10. Simplified due diligence
- 11. Enhanced due diligence
- 12. Branches and subsidiaries
- 12A. Financial groups
- 13. Shell banks, anonymous accounts etc.
- 14. Reliance on third parties
- 14A. Outsourcing
- 15. Record-keeping
- 16. Systems
- 17. Internal reporting procedures
- 17A. Independent audit function
- 18. Training etc.
- 18A. Compliance officer
- 19. Offences
- 20. BR 9/1998 revoked
- 21. Interpretation of Part
- 22. Application of Part
- 23. Information accompanying transfers of funds and record keeping
- 24. Transfers of funds within Bermuda
- 25. Batch file transfers
- 26. Detection of missing or incomplete information on the payer or payee
- 27. Transfers with missing or incomplete information on the payer or payee
- 28. Requirement to report where missing or incomplete information makes
- 29. Timing of verification and record keeping
- 30. Keeping information on the payer and payee with the transfer
- 31. Duties of intermediary PSP in case of technical limitations
- 31A. Obligations where a PSP controls both payee and payer side of a cross-border
- 32. Offences
- SCHEDULE
No cases currently cite this legislation.