International Day for the Prevention of Money Laundering

Fri, 2021-10-29

Acting Assistant Commissioner (Crime) Nicholas Pedro – “The Bermuda Police Service stands with other jurisdictions around the world in supporting and celebrating Anti-Money Laundering Day on 29th October.

Money laundering presents many dangers, especially to Bermuda, an island centre that derives so many benefits from the international financial markets, insurance & reinsurance.

Money laundering increases the threat of monetary instability, due to the misallocation of resources; undermines financial markets; it creates economic distortion and instability, and ultimately results in loss of revenue.

As the primary law enforcement agency in Bermuda, we remain 100% committed to a robust anti-money laundering & terrorist financing regime, and supporting all our partners in this effort.”