The Jersey Financial Services Commission (JFSC) is aware of the recent ransomware campaign which first appeared on 27 June 2017. The global reach and considerable impact of the current Petya/NotPetya ransomware outbreak bears remarkable similarities to the WannaCry attack of just a few weeks ago. The JFSC has been monitoring the threat, further reviewing its […]
Read MoreJersey investigation after £24m investment scam
A JERSEY company is being investigated following the disappearance of £24 million in a property scam in which 700 UK investors lost their life savings. The investors each lost thousands of pounds after being duped into ploughing money into property development schemes, including a project in the Cape Verde islands, which was being marketed as […]
Read MoreJFSC SANCTIONS List by Regime – A List of Jurisdictions Subject to Sanctions – Last Updated: 16 January 2017
The following is a list by regime of sanctions currently in force (in whole or part). For each jurisdiction a brief summary of the remit of each measure is provided but it does not provide an in depth historical background. Where possible, consolidated legislation has been referred to. Where amendments have been made since the […]
Read MoreJersey Has Released a Policy Document on Beneficial Ownership and a Register of Directors.
Further to a public consultation earlier in 2016, the policy document details the further development of a domestic policy to ensure that Jersey continues to fulfil its obligation as a responsible international finance centre. The policy has been developed on the back of an already effective functioning system in Jersey, that has been independently endorsed […]
Read MoreJFSC have been busy in 2015
According to the latest 2015 annual report from the Jersey Financial Services Commission, the JFSC Opened 76 new enforcement cases last year, compared to 93 in 2014 Issued 95 formal notices requiring information and Issued 21 notices requiring people to come in for formal interview. Issued 15 Fifteen public statements – these identified regulatory or […]
Read MoreJFSC issue statement RE: Investigation into Lumiere Wealth Limited
JFSC issue Statement re investigation into Lumiere Wealth Limited On the 11th August 2016 the JFSC issue Statement re investigation into Lumiere Wealth Limited – in the release John Harris, Director General of the Jersey Financial Services Commission said “The Jersey Financial Services Commission (JFSC) is aware of the recent action taken by the Guernsey […]
Read MoreJFSC AML/CFT Handbooks: Appendix D1 and D2 Updated
JFSC AML/CFT Handbooks: Appendix D1 and D2 have been updated: http://www.jerseyfsc.org/pdf/Part-1-Appendix-D2-amendments-1-August-2016.pdf
Read MoreJFSC Consultation – Class O Financial Service Business
JFSC Consultation Paper No. 7 2016 Class O Financial Service Business – Consultation on Consequential Provisions to the Proposed Rewording of the Class O Definition In July 2012 the JFSC published the Original CP to seek views on proposed changes to legislation under which Industry is regulated. One of the proposed amendments comprised a change […]
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