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October 2017 Newsletter – Record-Keeping Procedures

Record Keeping is the capture and retention of documents received during the business relationship or a one-off transaction.

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September 2017 Newsletter – Other Notable Changes- Part II

The NBCO 2017 and NLLCO 2017 speak to the change of registered office of an entity. The registered office of an entity is the registered office of its registered agent. The new ordinances provide a process for change of registered office.

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August 2017 Newsletter – Other Notable Changes- Part I

We continue with our review of the Nevis Business Corporation Ordinance 2017 (NBCO 2017) and the Nevis Limited Liability Company Ordinance 2017 (NLLCO 2017). The August and September editions of the newsletter will highlight some other notable changes under both Ordinances.

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July 2017 Newsletter – The Revised Ordinances

The Nevis Business Corporation Ordinance 2017 (NBCO 2017) and Nevis Limited Liability Company Ordinance 2017 (NLLCO 2017) were passed in the Nevis Island Assembly on the 20th day of July, 2017 and we are currently awaiting publication in the gazette.

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June 2017 Newsletter – Guidelines for Independent Internal AML/CFT Audit

One of the areas assessed by the FSRC – Nevis Branch during an onsite inspection is whether or not a regulated entity has performed an independent internal audit (“audit”) to test and validate activities to mitigate against money laundering/financing of terrorism risks. This is done to determine if the regulated entity adequately reviews internal control procedures to ensure compliance with AML/CFT Laws and Regulations.

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