Bermuda’s work to achieve its high rating for anti-money laundering safeguards was highlighted by the finance minister.

Curtis Dickinson said the latest Mutual Evaluation Report into the island’s legislation to fight money laundering and terrorist financing put the country in the top seven jurisdictions.

Mr Dickinson told the House of Assembly on Friday that the “excellent outcome” was the result of many years of hard work.

He said: “In relation to the assessment of our legislative framework, Bermuda was rated as compliant in 28 of the 40 areas of the assessment and largely compliant in 11 of the remaining 12.

“No other country has, to date, achieved this level of overall compliance in their mutual evaluation report based on the current standards.”

He added: “Bermuda was one of only two countries that has to date achieved a high rating of effectiveness with regard to our framework for understanding and assessing risk and our domestic co-ordination mechanisms.

“Again, a strong testament to the work of the NAMLC teams, in accordance with its statutory responsibilities.”

• To read Curtis Dickinson’s ministerial statement in full, click on the PDF link under “Related Media”