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Avoid 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

SEC Adopts Reg BI

The SEC Adopts Regulation Best Interest (Reg BI) and Additional Rules and Interpretations that Address Relationships Between Retail Investors and Investment Professionals

Digital Assets – Where Are We Now?

JP Morgan recently announced the launch of “JPM Coin.” We thought it would be good to recap our posts over the past year on the topic of cryptocurrencies and coin offerings and update you on the current state of this market.

The Importance of Independent Audits

The Barristers & Accountant’s AML/ATF Board issued a public notice requiring that all of its regulated entities forward their completed Independent Reviews by April 30, 2019. Why are Independent Reviews so important? A hallmark of good corporate governance for regulated financial institutions is ensuring that there are robust systems and controls in place to monitor the… READ MORE

Independent Audits Due to Barristers and Accountant’s AML/ATF Board by April 30th

The Barristers & Accountant’s AML/ATF Board issued a public notice requiring that all of its regulated entities forward their completed Independent Reviews by April 30, 2019, in accordance with requirements of Section 17A of the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008. What is Required under Regulation 17A? All regulated entities must maintain… 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