Why Are Independent Reviews So Important?

Monitoring the conduct of your business by ensuring there are robust systems and controls in place and that you have an independent process to identify and remediate any weaknesses in your policies and procedures is a hallmark of good corporate governance. It also protects your firm and your clients. Specifically, an independent audit should be… READ MORE

Have You Completed Your AML Audit? Time is Running Out

Why AML/ATF Annual Reviews Are Important AML/ATF-regulated entities in Bermuda have an obligation of having an independent Anti-Money Laundering (“AML”) audit performed at least annually. This means at least once a year and more frequently when senior management becomes aware of any gap or weakness in the AML/ATF policies, procedures or controls, or when senior… 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