On August 15, 2012 a Commencement Day Notice was published in the Bermuda Sun, bringing into effect Regulation 4(b) of the Proceeds of Crime Regulations  (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008 (the "Regulations"). 

This extends application of the Regulations to include regulated professional firms (barristers and accountants). 

Also on August 15, 2012, a Designation Order was published in the Bermuda Sun that designated the Board as the supervisory authority of regulated professional firms.