Have You Completed Your AML Audit? Time is Running Out

Why AML/ATF Annual Reviews Are Important AML/ATF-regulated entities in Bermuda have an obligation of having an independent Anti-Money Laundering (“AML”) audit performed at least annually. This means at least once a year and more frequently when senior management becomes aware of any gap or weakness in the AML/ATF policies, procedures or controls, or when senior… READ MORE

Oyster Consulting Welcomes Nikki Brinkerhoff

“She brings years of experience working with U.S. regulators and large financial institutions. Over the past year, Oyster Bermuda received a number of inquiries from companies in Bermuda about U.S. regulations. The Bermuda Monetary Authority is a well-respected regulator, but compliance professionals will attest that each regulator likes things done in a particular way. Nikki’s experience with U.S. regulators could save the Bermuda business community time and energy as their trusted U.S. advisor. “

Broker-Dealer Consolidated Reporting Enforcement Actions

Are Your Internal Controls, Written Procedures and Supervisory Reviews Enough? If your firm is affiliated with broker-dealers in the U.S., you may have reviewed the enforcement actions filed by FINRA related to the use of consolidated reports, and are wondering if you are doing enough to protect your firm.  Here is what you need to… READ MORE

Fintech Firm Circle Leverages Oyster Consulting to Obtain Bermuda’s First Class F Digital Asset License

Circle and Oyster Consulting show the time is now for Bermuda’s dive into the Digital Assets industry. Circle, an global crypto financial services company, engaged Oyster Consulting (Bermuda), to help guide them through a successful application process for the Class F license, and to provide compliance services for the future. In June 2019 Circle became… READ MORE

Oyster Consulting (Bermuda) Hires AML/CFT Compliance Consultant Ann Daniels

HAMILTON, BERMUDA, February 19, 2019 — Oyster Consulting (Bermuda) Ltd announced today that Ann Daniels has joined the financial services consulting firm. Ann will be providing consulting services with an emphasis on AML/CFT and Risk Compliance. Ann brings more than 15 years of experience in Regulatory Risk and Compliance in the financial services industry. Ann’s… READ MORE

Oyster Consulting (Bermuda) Hires New Managing Director

Financial services consulting firm responds to fintech demands with new leadership   Hamilton, Bermuda, September 25, 2018 — Oyster Consulting announced today that Dale C. Jackson, joined Oyster Consulting (Bermuda) as its Managing Director. Mr. Jackson’s experience in compliance, business development, and within the Bermuda Government will help him grow the firm as Bermuda’s regulatory… READ MORE

Act Now – FINOP Changes Required October 1st

FINRA is changing its registration requirements for Chief Financial Officers (CFOs) and Chief Operating Officers (COOs).  The new registration rules take effect October 1, 2018. It is more than just a title change.  The requirement for certain firms to have a CFO/COO (requiring Series 27/28 licensing) is being applied to ALL firms, and the registration… READ MORE