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
Last October, the SEC approved sweeping, new FINRA registration rules that consolidated and restricted existing NASD and NYSE registration rules. The rules affected are FINRA Rules 1210, 1220, 1230, and 1240. The rules are effective October 1, 2018. Over the next few weeks, Oyster will post blogs on the following topics to help you understand… READ MORE
Are your clients asking about Bitcoin and other digital assets? Do you want to add digital assets to your business model? Are you wondering how blockchain technology is changing the face of the financial services industry? If you answered YES to any of these questions, watch Oyster’s latest webinar: In this… READ MORE