Statistical 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.”
Read MoreFebruary 2015 Newsletter – 2015 AML/CFT Seminar & Training Workshop
The Nevis Financial Services Department will be hosting its annual AML/CFT Seminar and Training Workshop on March 3rd and 4th at the prestigious Four Seasons Resort, Nevis. This training is in alignment with the Department’s commitment to ensure that employees of regulated entities receive the necessary…
Read MoreJanuary 2015 Newsletter – Reporting Regulations for Regulated Entities
Regulated Entities are granted licences based on the information and circumstances presented at the time of application. Appropriate checks and verification, including ‘fit and proper’ assessments are undertaken and based on the results, licences are either granted or denied.
Read MoreAtlantic General and Reinsurance Company Limited
The Financial Services Regulatory Commission, Nevis Branch has recently been made aware that Atlantic General and Reinsurance Company Limited has been making representation as a general insurer and reinsurer offering various insurance products from within Nevis.
Read MoreDecember 2014 Newsletter – The Year In Review
All Regulated Entities were advised of the new requirement to submit an Application for Renewal of Licence as a Service Provider. Renewal licences will not be issued unless a completed renewal form is submitted along the all applicable supporting documentation and the prescribed fee.
Read MoreMass Marketing Fraud
The Financial Intelligence Unti (FIU) is issuing this advisory to assist financial institutions with identifying individuals/entities believed to be involved in the mass marketing fraud – internet/email fraud scheme.
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