Phone: 441-296-5577

Email: [email protected]

Forms

August 11th, 2021

INFORMATION BULLETIN – REGISTRATION FOR 2022

As stated in previous communications, the Barristers and Accountants AML/ATF Board (“AML/ATF Board”) is moving to align our registration with that of the Bermuda Bar Association to further simplify the process and meet legislative obligations. 

Bermuda Bar Association members MUST register with the AML/ATF Board to receive a Practicing Certificate for 2022.

 

As such, registration for the coming year 2022 will run from 1st October 2021 to 31st October 2021 for all Barristers AND Accountants.

Note that registration is NOT considered complete until FEE PAYMENT IN FULL IS RECEIVED (this includes the Registration fee and the Defrayment of Costs fee).

TIMELINE FOR 2022 REGISTRATION PERIOD

AUGUST 2021

  • 1ST August- Fit & Proper Person (“FPP”) application (form) is sent from the Bermuda Bar Association (“Bar Office”) to Bar Association members.

SEPTEMBER 2021

  • 1st September deadline to return completed FPP application (form) to Bar Office.
  • AML/ATF 2022 Registration Invoices emailed (Payment due before October 31st, 2021)

           o   $150 re-registration/$250 Initial registration

           o    Defrayment of costs fee of: 

                 (i) $750 for unregulated professional firms or 
                (ii) 1% of 2020 Specified Activity Revenue for Regulated    

                     Professional Firms ($750 minimum fee).

More information on fees can be found here:

//amlatfboard.bm/images/Ltr_to_BBA_CPA_Submission_Feedback_March_2021.pdf

 

OCTOBER 2021

  • 1st October 2021 official AML/ATF Registration for 2022 begins.
  • 31st October 2021 AML/ATF Registration closes. ALL relevant information AND supporting documentation should be filed no later than 31st October 2021. 

NOVEMBER 2021

  • AML/ATF Board shares 2022 registration list with Bar Office
  • AML/ATF 2022 Registration Certificates emailed.
  • 30th November deadline for all Bar Association members to submit payment and PC
    application (form) to Bar Office. 


DECEMBER 2021

  • 1st December Bar Office begins preparation and issuance of
  • Practicing Certificates (“PC”). 

 

AML/ATF Registration Information Required:

Non-Regulated Professional Firms

Registration Information Completed in portal //portal.amlatfboard.bm/

Supporting documents required and submitted via portal:

  • Detailed Org Chart (regardless of company size). Should include full names, titles, roles, and reporting lines and/or structure. Should also
    • state if persons are an employee, partner, director, or shareholder.
    • FPP from the Bermuda Bar Association/CPA
    • Declaration
    • Payment (online via credit card or by direct bank transfer)

Regulated Professional Firms 

Registration Information Completed in portal //portal.amlatfboard.bm/

Supporting documents required and submitted via portal:

  • Detailed Org Chart (regardless of company size). Should include full names, titles, roles, and reporting lines and/or structure. Should also state if persons are an employee, partner, director, or shareholder.
  • FPP from the Bermuda Bar Association/CPA
  • Policy and Procedure Manual
  • Risk Assessment
  • Independent Audit
  • This requirement has been waived for the 2022 registration period unless you have been specifically asked to provide an independent audit by the Board’s supervisory team.
  • Mitigant’s Questionnaire
  • Declaration
  • Payment (online via credit card or by direct bank transfer)

 

The “On-Line Registration Guidance 2022” will be issued in due course.

 

Questions should be directed to the undersigned.

 

Peter L. Aldrich (CAMS)

Technical Officer & Officer Manager

Barristers & Accountants AML/ATF Board

(441)-296-5577

[email protected]

www.amlatfboard.bm