Insurance - ComplianceAid Website

Updated 2014 Bank Secrecy Act/Anti-Money Laundering Examination Manual

December 2, 2014Michelle N. MartinNews

The Federal Financial Institutions Examination Council (FFIEC) released an updated Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The update clarify supervisory expectations and incorporate regulatory changes since the 2010 manual update. To access the 2014 manual click here

FATCA portal now open

August 19, 2013Michelle N. MartinNews

The US Internal Revenue Service (IRS) on August 19th, 2013 "announced the opening of a new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA)." (Source: IRS Site) For complete information proceed to FATCA online registration system

FATCA: Anti-Money Laundering readiness is imperative

June 7, 2013Michelle N. MartinNews

ComplianceAid presented at the 33rd Annual Caribbean Insurance Conference in Cancun, Mexico. Ms. Michelle Martin, ComplianceAid President, was the event closing speaker. This conference was organized by the Insurance Association of the Caribbean, LIMRA and LOMA. This year theme was Forging New Frontier. Ms. Martin presentation was titled 6 months to FATCA: Anti-Money Laundering readiness...

ComplianceAid presents at 2012 Latin American Insurance Conference in Chicago, IL

November 2, 2012Michelle N. MartinNews

Michelle Martin, President, ComplianceAid presents at the LIMRA-LOMA 2012 Latin American Conference in Chicago, IL – November 1st, 2012. Ms. Martin, presented on the topic the impact of Anti-Money Laundering (AML), Counter Terrorism Financing (CTF) and Foreign Account Tax Compliance Act (FATCA) on Latin America insurance industry. The audience was composed of over 70 CEO,...

Ms. Michelle Martin, President, ComplianceAid presents to the Antigua and Barbuda Bankers Association in Antigua

June 13, 2012Michelle N. MartinNews

Ms.Michelle Martin, President, ComplianceAid presents to the Antigua and Barbuda Bankers Association in Antigua June 7th, 2012 on The Foreign Account Tax Compliance Act (FATCA) implication and obligation for Foreign Financial Institutions.

Foreign Account Tax Compliance Act (FATCA) – Proposed Regulations released

February 9, 2012Michelle N. MartinNews

On Wednesday February 8th, 2012, “The Treasury Department and the Internal Revenue Service today issued proposed regulations for the next major phase of implementing the Foreign Account Tax Compliance Act (FATCA). Enacted by Congress in 2010, the law targets non-compliance by U.S. taxpayers using foreign accounts. The regulations lay out a step-by-step process for U.S....

Michelle Martin now operates under the name ComplianceAid

January 28, 2012Michelle N. MartinNews

Michelle Martin is now operating under the name ComplianceAid an Antiguan registered company servicing the Caribbean. We have chosen the name ComplianceAId as it better describe the products and services we offer. In addition, it’s catchy. ComplianceAid, specializes in Anti-Money Laundering (AML), Counter Terrorism Financing (CTF) Education, Training, Information, Resource and Risk Advisory Services for...

Ms. Michelle Martin presents to the Antigua and Barbuda Bar Association

September 11, 2011Michelle N. MartinNews

Ms. Michelle Martin, President ComplianceAid, in July 2011 presented to the Antigua & Barbuda Bar Association a 4-hours session for lawyers’ members of the association in matters related to the application of Anti-Money Laundering and Combating Terrorist Financing regulations to legal professionals.

Mr. Atkinson – General Manager – Sagicor Finance Inc – Testimonial

July 19, 2011Michelle N. MartinTestimonials

With the ever present threat of reputational risk stemming from money laundering and terrorist financing, it has become mandatory for Sagicor Finance to remain vigilant and compliant with regulations stipulated by our regulatory body, the Eastern Caribbean Central Bank (ECCB), along with our own domestic laws governing Anti-Money laundering & Combating Terrorist Financing (AML/CTF). In...