Jersey’s Royal Court provides guidance to trustees faced with requests for disclosure from a beneficiary The Royal Court of Jersey, in the recently handed down judgment in M v W Limited & Ors: [2017]JRC168A, has provided useful guidance for trustees in circumstances, outside the context of discovery in adversarial litigation, where a beneficiary of a […]

How to spot counterfeits and forgeries is published by the Home Office in their ‘Basic Guide to Forgery Awareness’ and ‘Guidance on examining identity documents’. Read here: https://www.devonaudit.gov.uk/wp-content/uploads/downloads/2015/03/Recognising_Fraudulent_Identity_Documents_v3.pdf

OFSI has released new sanctions guidance – April 2016 – Read more in the link below: http://bit.ly/1q6qCAx

Last year, the Chief Minster, Senator Ian Gorst issued a statement clarifying that Jersey has no desire or need to engage with those who seek to involve the island in aggressive tax planning schemes to avoid UK tax. This approach echoes the UK Government’s commitment, recently reiterated during the General Election, that they would be […]

The FCA has published a summary of responses to its consultation on proposed amendments to “Financial Crime: A Guide for Firms” Following feedback from some respondents, the FCA has amended the guide to clarify that the definition of “source of funds” is consistent with that in the Joint Money Laundering Steering Group guidance. A copy […]

ICSA has published a guidance note on good practice for annual reports. The guidance note sets out what are, in ICSA’s view, the features of the best annual reports, strategic reports, board disclosures, audit and risk reports, remuneration reports, and sustainability and stakeholder disclosures. The guidance note also names companies that have won the ICSA […]

The FCA has published a guidance consultation and thematic review report (GC15/1) entitled “Risks to customers from performance management at firms: Thematic review and guidance for firms”. The guidance aims to help firms manage the risk of conflicts of interest, where workers have to balance objectives linked to sales results with other objectives, such as […]

Jersey SARS – States of Jersey Police & Customs Joint Financial Crimes Unit – Guide to compiling a Suspicious Activity Report (SAR) Introduction – This document has been produced to assist compliance and money laundering reporting officers within the Jersey Financial Services Industry in the submission of a SAR to the States of Jersey Police […]