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

Money Laundering and Terrorist Financing Advisory Issued

  Last week Bermuda Attorney General and Minister of Legal Affairs Hon. Trevor Moniz, JP, MP issued an advisory about the risks in a number of jurisdictions stemming from inadequate systems and controls to combat money laundering and terrorist financing.  Details about these risks were provided by the Financial Action Task Force (FATF) and the… READ MORE