January 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.
Read MoreStatistical Bulletin – 3rd and 4th Quarter 2014
The graphs below provide important statistics on the monthly incorporation and registration activities of the Financial Services Registry.
Read MoreCFATF – SKN – follow-up report December, 2014
The third round Mutual Evaluation Report of St. Kitts and Nevis was adopted by the CFATF Council of Ministers in May 2009, in Trinidad and Tobago. Since St. Kitts and Nevis had thirteen of the sixteen Core and Key rated PC/NC, St. Kitts and Nevis was placed in the pool of countries that would be subject…
Read MoreSyrian Regime Officials
The United States is committed to increasing pressure on and isolating the Asad regime and its supporters until it finally recognizes that the best resolution to this conflict is a negotiated political transition according to the terms of the Geneva Communique.
Read MoreSanctions Actions Targeting Syrian Official Responsible for Human Rights Abuses
The United States is committed to increasing pressure on and isolating the Asad regime and its supporters until it finally recognizes that the best resolution to this conflict is a negotiated political solution that meets the aspirations of the Syrian people.
Read MoreNovember 2014 Newsletter – Assessing Risk in Business Relationships
Regulated entities should assess the risk of doing business both prior to and throughout the duration of every business relationship. Assessing risk should not be a ‘one-size fit all’ operation but each regulated entity should incorporate most of the following factors when assessing risk to their…
Read MoreOFAC guidance -Sanctions against Iran posted: November 26, 2014
On November 24, 2013, the United States and its partners in the P5 + 1 (China, France, Germany, Russia, the United Kingdom, and the United States, coordinated by the European Union’s High Representative) reached an initial understanding with Iran, outlined in a Joint Plan of Action (JPOA), that…
Read MorePolicy note re: APOSTILLES documents for filing
Kindly note that effective January 01, 2015, the following policy will be applicable to all concerned re: APOSTILLES documents for filing.
Read More