BSX declares support for anti-money laundering campaign

13-02-2018

The Bermuda Stock Exchange (BSX) has announced its support for Bermuda’s new ‘Just Good Business’ campaign.

“As the national stock exchange we felt it important to lend our support to this local campaign aimed at combating financial crime,” said BSX president and chief executive officer Greg Wojciechowski. “The BSX prides itself on its international reputation as a well-regulated and transparent global markets exchange, and as a full member of the World Federation of Exchanges we see it as our responsibility to support such initiatives.”

The campaign, which was launched on January 31st, 2018, draws attention to the efforts by the Bermuda government, responsible authorities and Bermuda-based international and local businesses to ensure the island meets the highest standards for anti-money laundering (AML) and anti- terrorist –financing (ATF).

The campaign is a collaboration between the Association of Bermuda Insurers and Reinsurers, the Bermuda Business Development Agency, Bermuda Monetary Authority, the National Anti-Money Laundering Committee, the Financial Intelligence Agency (FIA), the Association of Bermuda International Companies, the Bermuda Bankers Association, the Bermuda International Long Term Insurers & Reinsurers, the Bermuda Insurance Management Association and Bermuda Chamber of Commerce.

The campaign educates the general public on the importance of AML/ATF measures and also asks businesses and individuals to fulfil their legal obligation to complete and submit documentation required by financial entities such as local banks to satisfy international standards, and to report any suspicious financial activity to the FIA.

“The BSX will continue to uphold the highest possible standards of regulatory oversight and compliance, which includes oversight of its 800-plus listed issuers, trading members and listing sponsors,” Wojciechowski concluded.  “And we welcome this national initiative which further supports Bermuda’s reputation as a world-class financial centre.”

BSX, Bermuda, Wojciechowski, business, ABIR, money, laundering, campaign, transparency

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