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.
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 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
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
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
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.
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