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Bermuda should not become haven for tax crimes, says Financial Secretary

Bermuda should not develop the reputation of a haven for those wishing to "hide the proceeds of tax crimes", the Ministry of Finance's Financial Secretary told the Money Laundering and Cybercrime Control conference that was held on the island this month. Addressing a proposed amendment to Bermuda's Proceeds of Crime Law to incorporate tax offences committed in foreign countries, Peter Hardy said Bermuda faced a "dilemma".