Complaint numbers for April – June 2019 have been published on the website of the Channel Islands Financial Ombudsman (CIFO). Brief headlines are given here, for further information please see the report. In the second quarter of 2019, CIFO received 106 complaints and opened 27 new case files – these are complaints that are within […]
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JERSEY AND GURESNEY PENSION TRANSFER REFUSAL AND PENSION TRANSFER DELAYS – CIFO’s emerging issues
The Channel Island Financial Ombudsman (CIFO) has recently been considering some complex issues involving pension-related complaints against Channel Islands pension providers where the complainant cites unacceptable delays in transferring a pension to a new pension provider. The complainant is usually the pension plan beneficiary and these, at least in part, relate to pensions in the […]
Read MoreUK Export Control Amendment Order creates new offences for export control violations
The UK has published the Export Control (Sanctions) (Amendment) Order 2019 which amends existing subordinate legislation, and creates new offences for some export control violations. The amendments include: The addition of Eritrea to the Export Control Order 2008 to control the transit of Category B goods (small firearms and light weapons); Updates to definitions and […]
Read MoreDeloitte challenge PwC in £25m claim over Guernsey ‘Ponzi’ scheme
Deloitte challenge PwC in £25m claim over Guernsey ‘Ponzi’ scheme PwC in bid to dismiss £25m claim over a Guernsey ‘Ponzi’ scheme Big Four auditor up against the administrators (Deloitte) in Providence collapse PWC AND THE REGULATED FUND (PONZI SCHEME) The closed-ended GFSC AUTHORISED AND REGULATED absolute return fund aimed to provide investors with annual returns […]
Read MoreJersey classic money laundering case revisited (2003-2006) “You cannot turn a blind eye to the obvious”!!!
On 5 June 2003 Yvonne Edmond-O’Brien was convicted by the Royal Court (Sir Richard Tucker, Commissioner, and Jurats Rumfitt and Alio) of BEING CONCERNED IN AN ARRANGEMENT TO LAUNDER THE PROCEEDS OF DRUG TRAFFICKING by her husband Michael O’Brien, ’’KNOWING OR SUSPECTING” that he was carrying on drug trafficking, contrary to article 17(1)(a) of the […]
Read MoreICO warns about historical personal data
The Information Commissioner’s Office is warning people of the risk of holdings on the sensitive personal data when they change jobs or leave a company. It follows an investigation into the actions of two former Metropolitan Police officers who – having retained their notebooks – subsequently leaked information about a case in the media. Although […]
Read MoreThe President and The Arms Dealer
Read the new CORRECTIV investigation Lebanese businessman Ahmad El Husseini has long helped the German arms industry win business in the Middle East. CORRECTIV have now uncovered that he was involved in brokering a large ammunitions package, which shipbuilder ThyssenKrupp purchased from another German defence company, Rheinmetall – except that Mr. El Husseini acted as […]
Read MorePost brfexit – UK to impose ‘Magnitsky’ sanctions on regimes that imprison journalists and campaigners
The UK’s Foreign Secretary Dominic Raab has announced that the UK will impose ‘Magnitsky’ sanctions on authoritarian regimes that “harass and imprison dissident journalists and campaigners […] with impunity in their own countries”. Mr Raab stated that when the UK leaves the EU and therefore has autonomy over its sanctions regime, the UK will […]
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