Mello Jones & Martin · Barristers and Attorneys

Bermuda's Anti Money Laundering Laws

Mello Jones and Martin · June 1st, 2001

Note: This publication is being updated and modified to incorporate the Proceeds of Crime Regulations (Supervision and Enforcement) Act 2008 and the Proceeds of Crime Regulations(Supervision and Enforcement) Amendment Act 2010. Please watch this space for updates.

The Proceeds of Crime Act 1997 (the “PCA”) was enacted in December 1997 and came into force on 19 January 1998. The PCA was subsequently amended by the Proceeds of Crime Amendment Act 2000 (“PCAA 2000”) (brought into force on 1 June 2001) in order to bring fiscal offences within the definition of relevant offence (see “Fiscal Offences” below).

Table of Contents

  • The Proceeds of Crime
  • Fiscal Offences
  • The Structure of the Act
    • Part II: Confiscation Orders
    • Part III: Enforcement of Confiscation Orders
    • Part IV: Information Gathering
    • Part V: Money Laundering Offences and Regulations
    • Part VII: Miscellaneous and Supplemental
  • The Money Laundering Offences
  • The Duty to Report
  • Legal Professional Privilege
  • The Money Laundering Regulations
  • The Guidance Notes