The Government of Bermuda released a report summarizing the outcome of the jurisdiction’s 2020 terrorist financing national risk assessment.
Bermuda’s Minister of Legal Affairs and Constitutional Reform announced an advisory covering the anti-money laundering and counterterrorist financing risks arising from a number of jurisdictions, as highlighted in the most recent public statements by the Financial Action Task Force.
Consulting firm McKinsey told Wirecard last year to tighten oversight of third-parties, Banco Espírito Santo’s former chief executive faces money laundering charges in Portugal, and more, in the midweek roundup.
US seeks fine against Halkbank, UBS anticipates $2.5 billion in compliance-related fines, and more, in the midweek roundup.
The Bermuda Monetary Authority issued civil penalties totaling $500,000 against the Hamilton, Bermuda-based company for its failure to adequately comply with anti-money laundering and counterterrorist financing requirements.
|Compliant : 28||High : 1|
|Largely Compliant : 11||Substantial : 6|
|Partially Compliant : 1||Moderate : 3|
|Non-Compliant : 0||Low : 1|
|Rank : 83/141|
|Score : 4.91/10|
|Rank : N/A|
|Score : N/A|
|Rank : 40/133|
|Score : 73/100|