Oyster Consulting (Bermuda) Chairman Receives Lifetime Achievement Award

Brian R. Hall, OBE, received the Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference last week.  A former director and president of Johnson & Higgins, he is credited with taking the island’s captive insurance industry to global relevance. Hall also served as chair of the Bermuda College and the Insurance Advisory Committee (IAC),… READ MORE

Blockchain Technology – Transforming Global Business Activities

For most people the term ‘blockchain’ is synonymous to ‘cryptocurrency,’ largely due to media coverage of the wild value fluctuations of cryptocurrencies like Bitcoin and block.one’s recent Initial Coin Offering (ICO) of its token, EOS. But they are very distinct, and blockchain technology could be the far more important of the two. Once you understand… READ MORE

Webinar Recording Available: Now What? Next Steps in Preparing for the DOL Fiduciary Rule Change

Oyster Consulting recently presented the second in a series of five webinars addressing the Department of Labor Fiduciary Rule. During the webinar Now What? Next Steps in Preparing for the DOL Fiduciary Rule Change, Oyster Consulting experts Polly Cordle, Pete McAteer and Ami Shah shared: The financial industry’s response to the DOL Rule…so far Oyster’s… READ MORE

Oyster Consulting (Bermuda) Ltd. Hosts Regulatory Compliance Seminar

Oyster Consulting (Bermuda) Ltd hosted its inaugural Regulatory Compliance Seminar on 26th July 2016. Panelists discussed changes to Bermuda’s Anti-Money Laundering/Anti-Terrorist Financing requirements, Cybersecurity and Conducting Investment Advisory Business in the U.S. “Over the past year,” said Oyster Consulting (Bermuda) Consultant Henry Komansky, “Bermuda has been updating its legislation to address gaps in the AML/ATF… READ MORE

Fiduciary Status Under The New DOL Rule — Frequently Asked Questions

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining fiduciary, which expands the circumstances under which financial professionals become fiduciaries for purposes of ERISA and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also issued two new… READ MORE

Henry Komansky, JD of Oyster Consulting (Bermuda) Ltd. Presents Continuing Legal Education Lecture

Oyster Consulting (Bermuda) Ltd. lecture discussed Bermuda’s new Anti-Money laundering/Anti-Terrorist Finance audit requirements     Oyster Consulting (Bermuda) Ltd. Consultant Henry M. Komansky, J.D., presented his second CLE lecture to the Bermuda Bar Association on 6th April 2016 to discuss changes to Bermuda’s Anti-Money Laundering/Anti-Terrorist Financing requirements. On 1 January 2016, the long-pending Bermuda Proceeds of… READ MORE