Aevum Merchant Bank & Trust Co. Ltd
It has been brought to our attention that Aevum Merchant Bank & Trust Co. Ltd through its website is purporting to become a provider of the following banking services:
Read MoreGlobal Forum on Transparency and Exchange of Information for Tax Purposes: Fact Sheet on tax transparency measures taken by jurisdictions on the “pan-EU list”
The EU Commission on June 17, made an announcement regarding third party non-cooperative jurisdictions. In response, Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration and Monica Bhatia, Head of the Global Forum Secretariat sent a letter to all Global Forum members. The…
Read MoreFirst Fidelity Trust Limited – Suspension Advisory
The Nevis Financial Services Regulation and Supervision Department hereby advises that the licenses of First Fidelity Trust Limited to act as Registered Agent have been suspended.
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Nevis Island Administration prepares financial services industry providers for FATCA Implementation
A two-day workshop for representatives of financial institutions and other key stake holders, hosted by the Nevis Financial Services Regulatory and Supervision Department in conjunction with the Ministry of Finance and a National FATCA Committee, will help service providers navigate the ins and outs…
Read MoreAppointment of New Regulator of International Banking
Please be advised that effective Wednesday the 1st day of July, 2015, Mr. James Simpson was duly appointed Regulator of International Banking by the Minister of Finance, Nevis Island Administration pursuant to section 30 of the Nevis International Banking Ordinance, 2014.
Read MoreJune 2015 Newsletter – Verification Methods
Commonly referred to as Guidance Notes, the Financial Services (Implementation of Industry Standards) Regulations, 2011 were issued in accordance with Section 52 of the Financial Services Regulatory Commission Act, Cap 21.10. The Guidance Notes represent what is considered to be best industry practice…
Read MoreStatistical Bulletin – 1st and 2nd Quarter 2015
The graphs below provide important statistics on the monthly incorporation and registration activities of the Financial Services Registry.
Read MoreMay 2015 Newsletter – Customer Identification Program
Identification Procedures in Relation to Business Relationships and One-Off Transactions Pursuant to Regulation 4 of the Anti-Money Laundering Regulations, 2011
Read MoreFATF Public Statement – May 01, 2015
On February 27, 2015 the Financial Action Task Force (FATF) issued a Public Statement on jurisdictions that have strategic AML/CFT deficiencies. FATF therefore called on its members and jurisdictions to apply counter-measures to protect the international financial system from the risks of money laundering…
Read MoreNevis Trading Group, LLC
The Financial Services Regulatory Commission, Nevis Branch has recently been made aware that an unlicenced broker dealer, the Nevis Trading Group, LLC may be involved in fraudulent activity
Read MoreApril 2015 Newsletter – Minimum Guidelines for the role & appointment of compliance & reporting officers
Each regulated entity is required to appoint a fit and proper individual approved by the Financial Services Regulatory Commission as its Compliance Officer (“CO”).
Read MoreMarch 2015 Newsletter – Recap of 2015 Seminar
On March 3 and 4, 2015, the Nevis Financial Services Department held its annual Seminar and Training Workshop at the Four Seasons Resort, Nevis under the theme, “De-risking your Institution by Improving the Culture of Compliance.”
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