News

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.

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 […]

13 July 2000 – Public Statement – Statement of the Jersey Financial Services Commission Regarding Standard Bank Jersey Limited The Jersey Financial Services Commission (‘the Commission’) has completed a full investigation into the circumstances surrounding a banking relationship maintained by Standard Bank Jersey Limited (‘the Bank’) and Hanover Bank Limited (incorporated in Antigua) in 1998. […]

Due diligence – Employee vetting, Client vetting and Enhanced due diligence and investigations There is quite simply no substitute for well-researched, well-placed and reliable intelligence when considering relationships with international your employees, clients and foreign companies. Businesses should ensure they are armed with accurate and up-to-date information which exponentially reduces risk. Such attention to due […]