What’s On Your Checklist?

Companies set many plans and objectives yearly to continue good business operations. This is like most people who have on their lists improving their health so they can aim to live longer.  In the same way, firm leaders also need to apply this this determination to the wellness of their firms. What should be on… READ MORE

‘Tis the Season for the Bribery Act

As gifts are given and received, with the introduction of the Bermuda Bribery Act 2016, its time to consider the following important questions: Do I need to report the Quality Street? (Not Likely) What about that Goslings 2017 America’s Cup Trophy Rum and Decanter? (Yes, and can I have some?) The Bermuda Act, like its UK parent,… READ MORE

Oyster Offers AML/ATF Training

Is your AML/ATF program effective?  Does it contain training for your employees as well as customized policies and procedures?  Creating, distributing and training on regulatory and continuing education topics can be time consuming and run the risk of not being up to industry standards.  Oyster Consultant Henry Komansky conducts training sessions on the latest Anti-Money… READ MORE

Oyster Offers New Service for Insurance Managers

Oyster Consulting is proud to offer a new service for Insurance Managers.  Since late 2016/early 2017 Insurance Managers have been included in the group of entities regulated by the BMA for compliance with Bermuda’s Anti-Money Laundering (“AML”)/Anti-Terrorist Financing (“ATF”) regime.  All such regulated entities in Bermuda are obligated to have an independent AML audit performed… READ MORE

Have You Completed Your Annual AML Audit?

  Bermuda is joining the international push for transparency and accountability, enhancing its anti-money laundering/anti-terrorist financing regime as well as updating laws creating stronger data protection for the public and implementing international standards for bribery, corruption and fraud.  One of the new requirements for AML/ATF regulated entities in Bermuda is that they all must have… READ MORE

Oyster’s Henry Komansky’s AML/ATF Training Gaining Recognition

Throughout 2016, Oyster Consultant Henry Komansky conducted sold-out Lunch and Learn training sessions on the new AML Audit requirement and the latest Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) developments impacting all regulated entities on the island. Recently, Komansky was quoted in the Bermuda Fund Services 2017 Report, published by Global Fund Media, a targeted… READ MORE

Oyster Consulting (Bermuda) Presents AML Lecture: Designated Non-Financial Businesses & Professions

Oyster Consulting (Bermuda) Ltd. lecture focused on the Designated Non-Financial Businesses & Professions impacted by the 2016 Proceeds of Crime Amendment Oyster Consulting (Bermuda) Ltd Consultant Henry M. Komansky, J.D., presented another in his very popular series of lectures on 2nd November 2016 discussing the Designated Non-Financial Businesses & Professions impacted by the changes to… READ MORE