New Regulations on Wire Transfers
Sharon Avis August 17, 2023
A summary of Jersey’s new wire transfer regulations, which now apply to money/value transfer service providers and VASPs.
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Cyan is a leading independent firm providing regulatory, compliance and fiduciary investment consultancy services.
We provide a range of services designed to assist firms and their senior management to comply with relevant legal and regulatory requirements efficiently and cost-effectively.
Our non-regulatory consultancy services include unique assistance to Fiduciary Service Providers in the management and oversight of financial assets. We also provide Company Secretarial Support services across all financial services sectors.
At Cyan, we draw upon our extensive experience as senior industry professionals to help businesses meet legal and regulatory demands. We pride ourselves on the provision of an expert service at competitive rates; and we measure our success through the feedback we receive and the long-term relationships we have established with our clients.
We are trusted advisers to a wide range of businesses including international wealth management firms global fiduciary service providers, some of Jersey’s largest fund service providers, private equity houses and one of the Island’s first e-gaming operators. We aim to build long-term relationships with our clients, acting always in their best interests and providing authoritative support which clients can rely on.
“We work hard to provide the best possible service, working alongside our clients to understand their precise requirements and provide pragmatic authoritative solutions. We will ‘roll up our sleeves’ to help and respond with urgency when the situation requires it.”
Nicola Crowell
FOUNDER
Cyan was established in November 2014 by former regulators who wanted to apply their technical expertise and experience to help businesses meet the challenges of the ever-changing legal and regulatory regime.
Since that time, the firm has welcomed senior industry professionals who have brought with them additional insight from their practical experience as Compliance Officers, MLROs and MLCOs.
In 2022, we merged with Altair and are now also able to assist fiduciary service providers in managing their fiduciary duties in the monitoring and governance of assets under their administration.
We are also able to draw upon the expertise of Altair’s professional directors and co-ordinate our work, where appropriate and in the interests of our clients.
A summary of Jersey’s new wire transfer regulations, which now apply to money/value transfer service providers and VASPs.
The recent approval of amendments to the Money Laundering (Jersey) Order 2008 by Deputy Miller will introduce a number of important changes to this cornerstone piece of local legislation from the 1st September 2023. In this article we seek to explore the impact it may have on the uptake of Regulatory Technology (RegTech), specifically the change in relation to Digital ID systems.
Cyan is delighted to welcome Lisa Ronayne to the firm. She brings significant expertise in the provision of regulatory support and consultancy with a particular emphasis on the funds and investment business sectors.
Call us now on 01534 880659 for a confidential chat about how we can help your business.
