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 […]

The Financial Conduct Authority (FCA) has today published its Business Plan for 2019/20, which outlines the key priorities for the coming year. As the UK finalises preparations to leave the European Union, the immediate priority will remain supporting an orderly transition post-exit. The FCA will also continue to play a leading role in shaping the […]

HMRC has confirmed that it has opened its first investigations into the corporate criminal offence of failure to prevent the facilitation of UK tax evasion, using new powers to tackle corporate fraud contained in the Criminal Finances Act, introduced in the wake of the Panama Papers leaks ‘These investigations have been commenced since November 2018 […]

The JFSC and the Jersey government have issued a joint Dear CEO statement on Brexit [8 February 2019]. You can read it here  also you can find a version below. This letter highlights the following matters:- Information and resources Jersey’s financial services Data flows EU Nationals Other Government departments Expectations of firms Introduction No Deal […]

In May the UK passed the Sanctions and Anti-Money Laundering Act 2018. Now, in light of the relative certainty as to how the UK sanctions regime will work post-Brexit, a Projet de Loi has been laid before the States of Guernsey to Brexit-proof local sanctions legislation and to address designation of a person under the […]

Sir Mark Boleat, former policy chairman of the City of London Corporation, gave a fascinating talk on how he sees the fallout of Brexit impacting on London’s financial services industry at the Cass Business School last week. Mark will be familiar to many in Jersey, and it will come as no surprise that his verdict […]

The UK government has announced the creation of a specialist court to hear cases relating to cybercrime. The deal has been inked between the City of London Corporation and the judiciary and will result in the establishment of an 18-courtroom center, the UK government said on Wednesday. First announced back in October and now given the […]

BREXIT is hogging the news headlines as we have less than a year to go before Britain is scheduled to leave the European Union. It has big implications for financial services, as the former policy chairman of the City of London Corporation, Sir Mark Boleat, highlighted last week. However, international experts visiting Jersey say Brexit […]