Our Commitment to AML/ATF

Quorum Limited and Quorum Services Limited are regulated under the Corporate Service Provider Business Act 2012, with Quorum Limited also regulated under the Trusts (Regulation of Trust Business) Act 2001 and in accordance with the Proceeds of Crime (Anti-Money Laundering and Terrorist Financing Supervision and Enforcement) Act 2008, and the UK International Sanctions provisions by extension as an Overseas Territory.

MJM Europe Limited is regulated and authorised to act as a Company Service Provider and as Trustee and as Administrator of Private Foundations to provide Fiduciary Services in accordance with the Trusts and Trustees Act of 1988 and in accordance with the Malta Prevention of Money Laundering and Funding of Terrorism Regulations and EU International Sanctions provisions.

As regulated financial institutions, Quorum Limited, Quorum Services Limited and MJM Europe Limited (hereinafter together referred to as ‘the Companies’) are required to comply with the relevant regulations on gathering appropriate client due diligence information for clients and prospective clients before accepting instructions to act, monitoring client activities periodically, and maintaining records for the purposes of complying with Bermuda’s international anti-money laundering, anti-terrorist financing and sanctions enforcement obligations. The Compliance, Governance and Risk Management policies & procedures include a risk -based approach for identifying and verifying beneficial ownership in compliance with the regulatory expectations and best practices.

The Companies have adopted policies and procedures to ensure that clients of the firm are not in breach of any relevant laws in Bermuda and Malta or elsewhere, and to decline to act for clients when the compliance measures cannot be fulfilled to a satisfactory degree.

The Companies’ compliance measures may include making a report to the relevant Authority where client activities give rise to a reason of suspicion that a client is or has been engaged in criminal activity, or report where there is potential breach of Sanctions measures.

The Companies maintain strict controls over client due diligence information and the protection of private or personal information relating to clients. These obligations may be overwritten by regulatory enforcement action which may require the Companies to disclose information relating to a client. For further information of the Companies’ regulatory obligations please contact the Compliance Officer at compliance@mjm.bm.