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The effect of this exemption notice is that notification requirements under Article 7(6) and Article 8(4) will apply only to regulated persons, as defined, until such time as this exemption is revoked. The notice is issued under Article 10 of the Money Laundering (Jersey) Order 2008 (the “Order”), which Order came into force on 4 […]

On the 20th June 2008 the JFSC issued a Dear Ceo letter to Jersey Trust and Company Service Providers. In this letter John Harris as Director General stated ……where businesses fail to meet the required regulatory standards, whether it be through serious breaches of the regulatory regime (albeit some latitude will be given where such […]

The Money Laundering (Amendment No. 4) (Jersey) Order 2010 came into force on 18 January 2010. The Order amends the Money Laundering (Jersey) Order 2008 so as to tighten and clarify its requirements and to revise the application of certain customer due diligence concessions. FacebookTwitterLinkedinEmail

Solicitor jailed for money laundering offence hits out at ‘injustice’ of sentenceThursday 09 November 2006 – Conviction: ‘it takes only one error to find yourself in same situation,’ reporting officers told. A solicitor who was sentenced to six months’ imprisonment for a money laundering offence spoke this week of the ‘injustice’ he has received – […]

Guidance on the Commission’s use of enforcement powers dated 25 July 2006 – This guidance note explains the Commission’s policy on its use of the enforcement powers contained in the regulatory laws. The Commission has to be satisfied that issues that pose a risk to the public and the Island’s reputation are given due attention […]

3 March 2006 – Policy On Referrals To The Attorney General – Proceeds of Crime (Jersey) Law 1999 / Money Laundering (Jersey) Order 1999 – On 27 January 2006, the Court of Appeal upheld the decision made by the Royal Court to convict persons for failing to comply with Article 2 (1) (a) of the […]

HANOVER HANGOVER – A US senate investigation into the activities of an Antiguanregistered bank, controlled by a former adviser to Charles Haughey, has claimed that the bank is linked through clients to a number of high-profile, multi-million dollar frauds in England, the US, Japan and Europe. John Mulligan investigates the extraordinary activities of Hanover Bank […]

Haughey’s aide ran one- man bank – Sunday February 11 2001 – Gene Kerrigan relates the story of Hanover and Tony Fitzpatrick, the former government press secretary whose international bank dealt with dirty money. A FORMER aide to Charlie Haughey was last week named, in a US Senate report, as the owner of “a one-man […]