The following provides updates on anti-money laundering and counter-terrorist financing developments, both in the UK and internationally, that Comsure has included in its training for the period from May 2017 to October 2017 The Highlights include: 1. PUBLICATION OF MONEY LAUNDERING REGULATIONS 2017 a. The Money Laundering, Terrorist Financing and Transfer of Funds (Information on […]Read More
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An employee of a UK family office is persuaded by a client to re-issue an invoice to an offshore company to avoid incurring VAT on its fees – Guilty! A non-UK trustee company acting as trustee of a non-UK trust makes a distribution to a UK resident beneficiary knowing the beneficiary does not intend to report it […]Read More
As Comsure prepares for its second 2017 GDPR workshop on the 19th October (click here to book), I thought I would list Comsure’s top tips highlighted by speakers to ensure you are fully prepared for when the GDPR implementation date arrives. Get fully acquainted with GDPR principles and requirements Before embarking on any change management programme, […]Read More
Reach for the SARs Baker partners posted the following helpful blog on SARs https://www.bakerandpartners.com/blog/reach-for-the-sars/ on LinkedIn And although I found this posting useful and timely reminder of risks I felt that a key message was lost in the posting – I highlight this matter below The bog below The JFSC has been focusing heavily on […]Read More
While the cyber security community is still working to understand the latest ExPetr ransomware attack that has reportedly hit 60 countries, there are key lessons to be learned – these can be seen as: Having the latest versions of software and ensuring they are patched up to date will go a long way in reducing […]Read More
PROSECUTING A BANK’S DIRECTORS IN Jersey – James Mews | Counsel @ Pinel Advocates contemplates the real and present danger
On 20 June 2017 the Serious Fraud Office (“SFO”) charged Barclays Plc and four ex-employees John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to Section 151 of the Companies Act 1985. This article looks at some of the regulatory issues and […]Read More