Bermuda Ministry of Finance reports Attorney General led delegation to CFATF meetings as Fifth Round mutual evaluations approach

Bermuda’s Ministry of Finance reported that Attorney General and Minister of Justice Kim Wilkerson led a multi-agency delegation to Caribbean Financial Action Task Force (CFATF) meetings in Trinidad and Tobago from 25 to 30 May 2025 to advance regional cooperation against money laundering, terrorist financing and related financial crime. The meetings marked the conclusion of CFATF’s Fourth Round of mutual evaluations and initiated preparations for the Fifth Round, which is expected to begin later in 2025. The programme included technical discussions on the mutual evaluation reports of Curaçao and Sint Maarten, sessions on regional trends, and International Cooperation Review Group meetings, with delegates from 25 member states and observers including the Financial Action Task Force Secretariat, the World Bank and the United Nations. The update also linked the CFATF discussions to Bermuda’s domestic policy and legislative agenda for reinforcing its anti-money laundering and counter-terrorist financing framework, coordinated through the National Anti-Money Laundering Committee, and referenced Bermuda’s 2019 mutual evaluation results, which ranked the jurisdiction sixth globally for overall effectiveness and found complete or high compliance across areas including risk assessment, regulatory supervision and international cooperation. Preparatory work for the CFATF Fifth Round is expected to continue later in 2025 alongside anticipated legislative updates to Bermuda’s AML/ATF infrastructure.