Jersey and the JFSC civil penalties (fining) for Breaches of the Codes –  Are you ready, are you prepared? Are you ready for civil liability? If you have not done so already, every JFSC registered persons should [must?] conduct a thorough gap analysis of their policies and procedures with the purposes of assessing their compliance […]

On June 6 2014 draft primary legislation to provide the Jersey Financial Services Commission (JFSC) with the power to impose civil financial penalties for material contraventions of the codes of practice and the Anti-money Laundering and Counter-terrorist Financing Handbook was published. Who will be affected? All entities registered under the Banking Business (Jersey) Law 1991, […]