The Jersey Financial Services Commission (JFSC) has today announced that, after 12 years in the role, John Harris is to retire as Director General due to personal health reasons and the risk of burnout. Following two periods of medical absence this year to manage stress-related concerns, the Board of Commissioners has accepted and fully understands […]

In the context of Jersey’s financial services industry, the risk of modern slavery occurring in the operations of financial institutions is generally considered low, mainly because of the use of a skilled, professional workforce. However, all financial institutions have supply chains, which carry some risk. As an officer of a commercial organisation carrying on business […]

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 […]

Jersey Finance Commentary from Geoff Cook (Chief Executive Officer – Jersey Finance) regarding the UK Tax Agreement – An explanation of where we are and how we got here: http://bit.ly/20T7Dqh

Monday 11 April 2016 Commenting on the agreement, Geoff Cook, Jersey Finance CEO, said: “We are pleased that the UK Government beneficial ownership agreement has been signed by Jersey, which is the culmination of months of inter-governmental work, and which re-affirms Jersey’s commitment to sharing beneficial ownership information with the UK’s law enforcement agencies quickly, […]

Jersey is recognised by international standard setters as one of the best regulated finance jurisdictions globally and its authorities have full knowledge of the beneficial owners of all Jersey companies, according to Geoff Cook, CEO Jersey Finance. He welcomed moves for greater transparency and called on other locations that had not done so to introduce […]

Investment into Africa and building relationships with US fund managers were amongst the points discussed by Jersey Finance at its Annual Review presentation held at the Hotel de France recently (28 January). Hosted by Jersey Finance Chairman, Robert Christensen, the event, attended by around 180 local financial services practitioners and politicians, included an introduction from […]

Jersey has captured beneficial ownership information on a corporate registry since 1999 and this information is available to law enforcement agencies. Its Financial Services Commission (JFSC) regularly undertakes rigorous on-site examinations of businesses to assess compliance. Given there is ready access and availability of beneficial ownership information to foreign fiscal and investigative authorities, the industry […]