Chamber Praises Team After EU List Change

February 19, 2020 | 0 Comments

The Bermuda Chamber of Commerce said they wish to “extend its congratulations to team Bermuda for its recent successes following the announcement of Bermuda’s promotion to the EU’s list of cooperative ‘whitelisted’ jurisdictions.

A spokesperson said, “This followed the Caribbean Financial Action Task Force’s [CFATF] positive evaluation of our Anti Money Laundering regime.

“The Bermuda Government, The Ministry of Finance, The Bermuda Monetary Authority, The Registrar of Companies and the Office of National Anti-Money Laundering Committee [NAMLC] team all deserve our congratulations for a job well done.

“This double endorsement recognizes that our international companies are present and represent substance on island and that our regulations are as good as any on-shore jurisdiction. The Premier is correct in coining the phrase ‘The Bermuda Standard,’ congratulations to all!”

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