-
Sep 21, 2023 | 
jdsupra.com | Amman Bulchandani |Tom Fothergill |Jonathan M. Heaney
The Jersey Financial Services Commission (the "JFSC") recently published feedback from its 2022 thematic examination on the extent to which supervised persons complied with their regulatory obligations with respect to beneficial ownership and control ("BOC") (the "Feedback").
-
Sep 20, 2023 | 
mondaq.com | Jonathan M. Heaney |Dilmun Leach |Tom Fothergill |Sian Langley
The Jersey Financial Services Commission (the
"JFSC") recently published feedback from
its 2022 thematic examination on the extent to which supervised
persons complied with their regulatory obligations with respect to
beneficial ownership and control ("BOC")
(the "Feedback").
-
Aug 25, 2023 | 
mondaq.com | Jonathan M. Heaney |Dilmun Leach |Tom Fothergill |Sian Langley
The Government, further to consultation with the Jersey
Financial Services Commission ("JFSC"),
has recently published an Order clarifying the scope of the Proceeds of
Crime (Duties of Non-Professional Trustees) (Jersey) Order 2016
(the "NPTO") (the
"Order").
-
Aug 25, 2023 | 
mondaq.com | Jonathan M. Heaney |Dilmun Leach |Tom Fothergill |Sian Langley
The Jersey Financial Services Commission
("JFSC") recently launched a consultation on further amendments to its
anti-money laundering/countering the financing of
terrorism/countering proliferation finance
("AML/CFT/CPF") Handbook (the
"Handbook") (the
"Consultation"). In this update, we set
out the JFSC's proposals to add new and expanded guidance notes
across the Handbook and to add a new code of practice in respect of
politically exposed persons
("PEPs").
-
Aug 24, 2023 | 
jdsupra.com | Amman Bulchandani |Tom Fothergill |Jonathan M. Heaney
The Jersey Financial Services Commission ("JFSC") recently launched a consultation on further amendments to its anti-money laundering/countering the financing of terrorism/countering proliferation finance ("AML/CFT/CPF") Handbook (the "Handbook") (the "Consultation"). In this update, we set out the JFSC's proposals to add new and expanded guidance notes across the Handbook and to add a new code of practice in respect of politically exposed persons ("PEPs").
-
Aug 24, 2023 | 
mondaq.com | Jonathan M. Heaney |Dilmun Leach |Tom Fothergill |Amman Bulchandani
Further to a recent update, in which the Government, in
consultation with the Jersey Financial Services Commission
("JFSC"), announced its intention to
make legislative changes to the anti-money laundering, countering
the financing of terrorism and proliferation
("AML/CFT/CPF") obligations of Specified
Directors, the Money Laundering (Amendment No. 13) (Jersey) Order
2023 (the "Order") has now been
published.
-
Aug 24, 2023 | 
jdsupra.com | Amman Bulchandani |Tom Fothergill |Jonathan M. Heaney
The Government, further to consultation with the Jersey Financial Services Commission ("JFSC"), has recently published an Order clarifying the scope of the Proceeds of Crime (Duties of Non-Professional Trustees) (Jersey) Order 2016 (the "NPTO") (the "Order").
-
Aug 23, 2023 | 
jdsupra.com | Amman Bulchandani |Tom Fothergill |Jonathan M. Heaney
IntroductionFurther to a recent update, in which the Government, in consultation with the Jersey Financial Services Commission ("JFSC"), announced its intention to make legislative changes to the anti-money laundering, countering the financing of terrorism and proliferation ("AML/CFT/CPF") obligations of Specified Directors, the Money Laundering (Amendment No. 13) (Jersey) Order 2023 (the "Order") has now been published.
-
May 15, 2023 | 
lexology.com | Tom Fothergill
The JFSC has issued new guidance and FAQs for Private Trust Companies and trustees in relation to the updated scope of the Proceeds of Crime (Jersey) Law 1991.
-
Mar 13, 2023 | 
lexology.com | Dilmun Leach |Daniel J Read |Christopher Reed |Marc Seddon |Kirsten Faichnie |Tom Fothergill
Attorney General (“AG”) has issued guidance to the industry on the circumstances in which the AG will apply to Jersey’s Royal Court (“the Court”) under article 78 of the Companies (Jersey) Law 1991 (“the Companies law”) to disqualify a person from being the director of a company. The guidance has been issued in the run-up to the Moneyval inspection of Jersey’s financial services regulatory apparatus, which is due to begin later in 2023.
