News

SFO, Combating major fraud and corruption – The Serious Fraud Office aim is to protect society from extensive, deliberate criminal deception which could threaten public confidence in the financial system.  They investigate fraud and corruption that requires investigative expertise and special powers to obtain and assess evidence to successfully prosecute fraudsters, freeze assets and compensate […]

HSBC whistleblower in hiding amid money-laundering investigation Swiss authorities have opened a criminal inquiry after allegations that a former HSBC employee gave stolen data concerning client accounts at the bank’s Geneva branch to French tax authorities.  The whistleblower has also sparked a money-laundering investigation in France and a diplomatic tussle between Paris and Berne over […]

The FSA has sentenced a father and son team to a total of 36 months in jail for 12 counts of insider dealing. Former corporate broker intern Matthew Uberoi and his father, Neel Uberoi, were today sentenced to 12 and 24 months in prison respectively for insider dealing. The FSA says Uberoi – working as […]

The Jersey Financial Services Commission has published their trust company business fees Notice.  THIS NOTICE IS published in accordance with Article 15 of the Financial Services Commission (Jersey) Law 1998 as amended Articles 8(3) and 9(6) of the Financial Services (Jersey) Law 1998 as amended.  The fees set out in this notice and the attached […]

A man suspected of being one of the world’s most prolific underground financiers has been arrested in Delhi after a year-long international manhunt. Naresh Jain, 50, who denies any illegal activity, was arrested on Sunday on suspicion of laundering millions of pounds a day through the hawala system for criminals, including members of al-Qaeda and […]

The JFSC have published on their website the GIMB license renewal form on.  Failure to submit the form and accompanying fee on or before the 31/1/01 (please note the 29th is a Friday) shall result in a late payment fee. See – www.jerseyfsc.org/word/GIMB_Annual_Registration_Renewal_Form_2010.doc http://www.jerseyfsc.org/pdf/GIMB_Fees_January_2010.pdf

IOM Financial Sanctions: Terrorist Financing – The IOM Treasury has the power to direct that a person’s funds are to be frozen. On 29 March 2007, the Treasury by notice gave such directions. The IOM Treasury has now revoked the directions that applied to the individual listed below. Notice of Revocation Individual ALI, Cossor DOB: […]

The JFSC handbook for the prevention and detection of money laundering and the financing of terrorism for financial services business regulated under the regulatory laws part 4 (log of amendments to the handbook) has been updated – the facts are as follows 08 – 12 – 2009 Part 1, Appendix E Whole document Updated to […]