Bermuda's National Anti-Money Laundering Committee has launched a website detailing the initiatives being taken by government to combat and reduce the incidence of money laundering in the jurisdiction.
The website, which is found at www.namlc.bm, contains information on current anti-money laundering legislation, such as the Anti-Terrorism Financial and Other Measures Act 2004, Proceeds of Crime Money Laundering Regulations 1998, and Proceeds of Crime Act 1997.
The website also contains the Caribbean Financial Action Task Force (CFATF) Country Situation Report on Bermuda, and links to other relevant bodies such as the Bermuda Monetary Authority and government departments.
"The Government recognises the benefits to be gained by promoting greater public awareness and understanding of the ill effects of money laundering and financing of terrorism and will continue to do so," Minister of Finance Paula Cox told Parliament whilst announcing the launch of the new site.
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