On 1 September 2023, the EU Legislation (Information Accompanying Transfer of Funds) (Amendment) (Jersey) Regulations 2023, will come into effect. Th...
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New Opportunities for Digital Identification
The recent approval of amendments to the Money Laundering (Jersey) Order 2008 by Deputy Miller will introduce a number of important changes to this c...
2022 Financial Crime Examinations Feedback Paper
The JFSC has published the report from its 2022 Financial Crime Examinations, summarising the main findings from 20 financial crime examinations (18 ...
Managing Employee Risk – Part 3 – Disciplinaries, Investigations and Departure
In the previous article, we considered how to manage employee risk on an ongoing basis through oversight of employees and also through the provision ...
Managing Employee Risk – Part 2 – Remuneration, Ongoing Oversight and Learning and Development
In the first article, we considered how to manage potential risk when recruiting a new employee and welcoming a successful candidate into the busines...
Managing Employee Risk – Part 1 – Recruitment and Induction
The past couple of years, with the difficulties in recruiting and retaining personnel, the extension of the civil penalties regime, the increasing de...
Sanctions Compliance Obligations
The recent amendments made by the Jersey Financial Services Commission (“JFSC”) to the AML/CFT/CPF Handbook include a new section (8.8) which pro...
The Art of Compliance
There’s no point denying it. It’s a tough time to be a compliance officer. The seemingly never-ending communications from the JFSC re...
Have you captured all of your products and services?
The recent JFSC public statement and civil penalty issued by the JFSC to Lloyds Bank Corporate Markets Plc, may not at first glance be considered rel...
