The Bermuda Stock Exchange is supporting Bermuda’s “Just Good Business” campaign, which was announced at the end of last month.
The campaign highlights efforts by the Bermuda Government, authorities and Bermudian-based international and local businesses to ensure the island meets the highest standards for anti-money laundering and anti- terrorism financing.
Greg Wojciechowski, president and chief executive officer of the BSX, said: “As the national stock exchange, we felt it important to lend our support to this local campaign aimed at combating financial crime.
“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.”
David Burt, the Premier, last month said a major part of Bermuda’s success as an international financial centre is attributed to the strong commitment at all levels in the public and private sectors to ensure the jurisdiction’s quality reputation is protected.
The campaign is a collaboration between the Bermuda Business Development Agency, Bermuda Monetary Authority, the National Anti-Money Laundering Committee, the Financial Intelligence Agency, the Association of Bermuda International Companies, the Association of Bermuda Insurers and Reinsurers, the Bermuda Bankers Association, the Bermuda International Long Term Insurers & Reinsurers, the Bermuda Insurance Management Association and Bermuda Chamber of Commerce.
As well as educating the general public on the importance of AML/ATF measures, the campaign 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.
Mr Wojciechowski said: “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. And we welcome this national initiative which further supports Bermuda’s reputation as a world-class financial centre.”
Further information on the campaign can be found at http://www.goodbusiness.bm