Risk Assessments Help Protect Your Firm and Focus Your Resources

From insurance managers to banks, to wealth management firms and everything in between, well-implemented risk management programmes are the best way to help your organisation determine how to focus valuable resources.

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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.

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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

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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

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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

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SEC Regulatory Focus in 2019 – What it Means for Bermudian Firms

The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released its 2019 Examination Priorities on December 20, 2018. While most of these priorities may not have a direct impact on firms located in Bermuda, many firms have affiliates or branches in the U.S. that will be affected. Of particular note are the priorities around digital assets, cybersecurity and money laundering.

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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

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