March 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 be subjected to reputational risks.
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