Cyber Security – One of the Key Pillars of Data Protection
Introduction People are running around thinking about new regulation, and one that is coming just over a year away is the EU’s General Data Protection Regulation (GDPR). Whilst GDPR won’t apply directly in Guernsey the third country provisions in the EU regulation means that Guernsey (and other third countries) will need to implement new data…
Taking a look at Cyber Security threats in 2017
2016 was a busy year for cyber-security professionals. It goes without saying that 2017 is likely to be far worse as more and more cyber-security threats emerge and the number of internet enabled devices continues to grow. I briefly took a count of how many internet enabled devices I have in my home and it…
Why Islamic Finance for Guernsey?
I’ve always had an interest in the “different” part of the financial services industry, and Islamic Finance first piqued my curiosity many years ago (I have Edition 2 of the CISI’s Islamic Finance Qualification workbook from 2007). However, this came to the forefront when an email linking to the Islamic Funds Industry: 2015 Review &…
Compliance – A Pragmatic Approach to Regulation
Too many times we hear financial services professionals complaining that they are at odds with their confrontational compliance department, more often than that business generation units refer to their anti-money laundering team referred to as a business prevention unit. Whilst there are many pieces of financial services law, regulation, rules, guidance & codes in existence…
CISI – The beauty of a modular qualification system
Chartered Institute for Securities & Investment – The Beauty of a Modular Qualification System Many professional bodies offer a limited set of qualifications in a limited set of subjects. By using the Chartered Institute for Securities & Investment (CISI) qualifications there are a wide range of options and routes available; furthermore, it is possible to use…
Combating Financial Crime – more than just AML
Money Laundering (ML) and know your customer (KYC) Back when we all first started performing KYC (know your customer) checks on our customers the focus was on two main objectives: 1. Ensuring sufficient documentation was held on the registered holder – know your customer (KYC)2. Trying to stop Money Laundering (ML) – hence the term…
