Other Note

Bermuda’s 2020 TF NRA is a comprehensive update of the 2016 TF NRA, using data and information for the assessment period of 2017-2019. Similar to previous NRAs, it was conducted under the auspices of the National Anti- Money Laundering Committee (NAMLC), consistent with its legislative mandate (as prescribed in section 49 of the Proceeds of Crime Act 1997), and the objectives of Bermuda’s National Anti-Money Laundering Policy