Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Amendment Regulations 2013
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BERMUDA

PROCEEDS OF CRIME (ANTI-MONEY LAUNDERING AND ANTI-TERRORIST
FINANCING) AMENDMENT REGULATIONS 2013

BR 16 / 2013

The Minister responsible for justice, in exercise of the power conferred by section
49 of the Proceeds of Crime Act 1997 and section 12A of the Anti-Terrorism (Financial and
Other Measures) Act 2004, makes the following Regulations:

Citation
These Regulations may be cited as the Proceeds of Crime (Anti-Money Laundering

and Anti-Terrorist Financing) Amendment Regulations 2013.

Amends regulation 3
At the end of regulation 3 of the Proceeds of Crime (Anti-Money Laundering and

Anti-Terrorist Financing) Regulations 2008 (meaning of “beneficial owner”), insert—

In the application of this regulation to an AML/ATF regulated financial
institution falling within regulation 2(2)(i) (person carrying on corporate service
provider business), in each place where “25%” occurs in paragraph (1)(a), (2)(a), (3)
(a), (6)(a) and (c), it shall be read as a reference to 10%.”

“(11)

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PROCEEDS OF CRIME (ANTI-MONEY LAUNDERING AND ANTI-TERRORIST
FINANCING) AMENDMENT REGULATIONS 2013

Made this 26th day of March 2013



Minister of Legal Affairs

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