Bermuda’s lawmakers gave final approval on Monday to a bill to prevent terrorists from hiding money in bank accounts or property in the offshore finance center. The Anti-Terrorism Act, approved last week by the lower chamber and by the Senate on Monday, followed a law against money laundering and an agreement by the British colony to share financial information with U.S. tax authorities. Junior Labor, Home Affairs and Public Safety Minister Reginald Burrows said the anti-terrorism bill was necessary to help “ensure our island does not become the destination of choice for tax evaders and perpetrators of other forms of illicit financial activity.” Full Story
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