April 2013 Newsletter – Developing a Risk Based Compliance Program
To assist with the overall objective to prevent money laundering and the financing of terrorism, the Financial Services (Implementation of Industry Standards) Regulations (FSIISR), 2011 adopts a risk based approach.
Read MoreMarch 2013 Newsletter – Becoming a Certified Anti-Money Laundering Specialist
Founded in 2001, the Association of Certified Anti-Money Laundering Specialists (ACAMS) is the premier membership organization devoted to professionals in the anti-money laundering field.
Read MoreFebruary 2013 Newsletter – Procedures for Change of Registered Agent
A corporation subject to this Ordinance shall at all times have a registered agent in St. Christopher and Nevis. A corporation which fails to maintain a registered agent in St. Christopher and Nevis shall be in contravention of this Ordinance. (NBCO 17 (1); NLLCO 14(1))
Read MoreJanuary 2013 Newsletter – Identification Procedures in Relation to Introduced Persons
An intermediary is a person who has or seeks to establish a business relationship or to carry out a one-off transaction of that person’s customer with a relevant person so that the intermediary becomes a customer of the relevant person. (AMLR reg7(8)(a))
Read MoreNovember 2012 Newsletter – Guidelines for Appointment of Auditors
The Financial Services Regulatory Commission Act, 2009 as amended (FSRCA) imposes a statutory duty on regulated entities to submit audited financial statements within three months of the end of the financial period.
Read MoreOctober 2012 Newsletter – Client Acceptance Procedures
Regulated businesses must recognise the increasing importance of ensuring that adequate procedures are in place to know the customers with whom they are dealing. Adequate due diligence on new and existing customers is a key part of these procedures. Without proper due diligence, regulated entities can…
Read MorePeer Review Report Phase 1 Legal and Regulatory Framework
This report summarises the legal and regulatory framework for transparency and exchange of information in St. Kitts and Nevis. The international standard which is set out in the Global Forum’s Terms of Reference to Monitor and Review Progress Towards Transparency and Exchange of Information, is…
Read MoreCFATF – SKN – Mutual Evaluation Report
The Evaluation of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of St. Kitts & Nevis was based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 2001 of the Financial Action Task Force (FATF), and was prepared using…
Read MoreOxbridge International Limited
The public is advised that Oxbridge International Limited, a company incorporated on December 1, 2003 under the Nevis Business Corporation Ordinance, 1984 (as amended), was dissolved on April 27, 2006
Read MoreStatistical Bulletin – 1st and 2nd Quarter 2014
The graphs below provide important statistics on the monthly incorporation and registration activities of the Financial Services Registry.
Read MoreProview Corporation
The Nevis Financial Services Regulation and Supervision Department wishes to advise that Proview Corporation a company incorporated on April 29, 2004
Read MorePro Med Casualty Insurance Ltd.
It has been brought to our attention that Pro Med Casualty Insurance Ltd. has made representations, through written and electronic media, of being domiciled and registered in Nevis.
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