Question 1

What AML regulations are covered in the Bermuda AML Compliance Workshop?

Accepted Answer

Shasat's two-day AML Compliance Workshop in Bermuda covers BMA Bermuda Monetary Authority AML requirements, Proceeds of Crime Act Bermuda, Financial Intelligence Agency FIA Suspicious Activity Report obligations, CFATF Caribbean Financial Action Task Force requirements, FATF recommendations, FinCEN regulations for US-connected financial flows, reinsurance and captive insurance sector AML compliance, BMA Digital Asset Business Act DABA requirements, FATF Travel Rule for digital assets, OFAC sanctions, UN Security Council sanctions, and counter proliferation financing CPF obligations.

Question 2

Who should attend the AML Compliance Workshop in Bermuda?

Accepted Answer

This AML workshop in Bermuda is designed for Chief Compliance Officers, MLROs, BMA-regulated compliance professionals, reinsurance compliance officers, captive insurance compliance professionals, investment fund compliance officers, digital asset business compliance officers, AML Compliance Managers, Risk Managers, Heads of Financial Crime, Internal Auditors, and Legal Counsel across Bermuda-regulated reinsurers, captive insurers, investment funds, banks, digital asset businesses, and professional services firms.

Question 3

Is this AML course the best in the Caribbean region?

Accepted Answer

Yes. Shasat's AML Compliance Workshop in Bermuda is the most comprehensive AML training programme available in Bermuda and the Caribbean region. It is the only programme that combines BMA regulatory depth, CFATF Caribbean requirements, reinsurance sector AML compliance, BMA Digital Asset Business Act DABA obligations, and international FATF standards in a single two-day programme. Delivered by internationally experienced AML practitioners and CPD and CPE accredited, it attracts compliance professionals from across Bermuda, the Bahamas, Cayman Islands, Barbados, Trinidad and Tobago, Jamaica, British Virgin Islands, and all Caribbean jurisdictions.

Question 4

Is this AML course relevant for reinsurance and captive insurance professionals in Bermuda?

Accepted Answer

Yes. Bermuda is the world's third largest reinsurance market and a premier captive insurance hub. Shasat's AML Compliance Workshop in Bermuda specifically addresses reinsurance sector AML compliance including BMA supervisory expectations for reinsurers, captive insurance AML obligations, financial crime risks in complex reinsurance structures, and the specific AML challenges facing Bermuda-based international insurance groups. This is the only AML training programme in Bermuda that specifically addresses reinsurance and captive insurance sector AML compliance.

Question 5

Is this AML course relevant for professionals across all Caribbean jurisdictions?

Accepted Answer

Yes. Shasat's AML Compliance Workshop in Bermuda attracts compliance professionals from across the Caribbean including the Bahamas, Cayman Islands, Barbados, Trinidad and Tobago, Jamaica, Dominican Republic, British Virgin Islands, Saint Kitts and Nevis, Saint Lucia, Antigua and Barbuda, Dominica, Grenada, Curacao, and Aruba. The programme addresses CFATF Caribbean Financial Action Task Force requirements alongside FATF standards making it directly relevant for compliance professionals from every Caribbean jurisdiction.

Question 6

What is the BMA Digital Asset Business Act DABA and what AML obligations does it create?

Accepted Answer

The BMA Digital Asset Business Act DABA is Bermuda's primary legislation governing digital asset businesses. It requires digital asset businesses operating in Bermuda to implement comprehensive AML compliance programmes including customer due diligence, enhanced due diligence for high-risk customers, transaction monitoring, Suspicious Activity Report filing to the Financial Intelligence Agency, and FATF Travel Rule compliance. This workshop provides comprehensive practical guidance on all BMA DABA AML obligations making it the most relevant AML training for Bermuda's growing digital asset sector.

Question 7

What is CFATF and why is it important for Caribbean AML compliance?

Accepted Answer

CFATF — the Caribbean Financial Action Task Force — is the FATF-style regional body for the Caribbean region. CFATF conducts mutual evaluations of Caribbean jurisdictions' AML frameworks and issues guidance on Caribbean-specific AML risks and typologies. All Caribbean jurisdictions including Bermuda are subject to CFATF mutual evaluation requirements. This workshop specifically addresses CFATF requirements alongside FATF standards making it the most relevant AML compliance training programme for professionals across all Caribbean jurisdictions.

Question 8

Is this AML course relevant for investment fund professionals in Bermuda?

Accepted Answer

Yes. Bermuda is a major international investment fund jurisdiction and BMA-regulated investment funds face comprehensive AML compliance obligations. This workshop specifically addresses investment fund AML compliance including BMA supervisory expectations for fund administrators, customer due diligence for institutional investors, beneficial ownership verification for complex fund structures, and suspicious activity reporting obligations for Bermuda-regulated investment funds.

Question 9

Is the Bermuda AML course CPD and CPE accredited?

Accepted Answer

Yes. All delegates receive CPD and CPE accreditation upon completion of Shasat's AML Compliance Workshop in Bermuda. The accreditation is recognised by major professional bodies internationally including ACAMS, the International Compliance Association ICA, ACCA, CIMA, and ICAEW. The programme meets CPD requirements for BMA-regulated compliance professionals and accountants in Bermuda.

Question 10

Can this AML workshop be delivered in-house across the Caribbean?

Accepted Answer

Yes. Shasat delivers this AML Compliance Workshop as an in-house programme for organisations across Bermuda and the Caribbean including Hamilton, Nassau, George Town, Bridgetown, Port of Spain, Kingston, and Road Town. In-house delivery allows the programme to be tailored to your organisation's specific BMA requirements, CFATF obligations, reinsurance or captive insurance AML challenges, and sector-specific compliance priorities.

Question 11

Where else does Shasat deliver AML Compliance Workshops globally?

Accepted Answer

In addition to Bermuda, Shasat delivers 2-Day AML Compliance Workshops in London, Singapore, Las Vegas, Dubai, Zurich, Manila, Brussels, Cape Town, Mexico City, Cyprus, Nairobi, Riga, Sydney, Mumbai, Istanbul, Rio de Janeiro, and New York. Online AML Masterclass and Crypto AML courses are also available globally.

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