The Respondent, Kevin Manning, is a solicitor (écrivain) of the Royal Court.  On 12th December, 2018, he was sentenced to a total of 3½ years imprisonment in respect of twenty counts of fraudulent conversion, one count of fraudulent conversion by a trustee and one count of failing to comply with the requirements of the Money […]

As Jersey continues to make preparations for its first National Risk Assessment, there is a recognition that changes are required to the SAR template amongst other areas to improve the quality and standard of submissions to the FIU. Part of these changes require the FIU to assist industry in the preparation of SARS. To that […]

COMPANY directors and investors could be at risk of kidnap and blackmail if Jersey’s beneficial ownership register is made public, according to Jersey Finance. The warning follows fresh calls from a long-serving UK politician for the list of who owns what to be opened up to everyone. Speaking to this newspaper, Dame Margaret Hodge MP […]

Limited liability partnerships (“LLPs”) are common in many jurisdictions. This briefing summarises the principle features of Jersey LLPs. A new law The Limited Liability Partnerships (Jersey) Law 2017 (the “2017 Law”) came into force on 1 August 2018, fully repealing and replacing the 1997 law of the same name. The new law brings significant improvements, […]

Good morning, I thought you may like some Friday (27/6/18) reading focusing on trustee/ trust admin matters, Enjoy J Trusts (Amendment No.7) (Jersey) Law 2018 1. What’s it about? a. Some changes to the Trusts (Jersey) Law were made with effect from 8 June 2018. b. Many of the changes are minor/clarificatory in nature, but […]

The amendments to the Proceeds of Crime (Jersey) Law, approved by Jersey’s government on 26 June, are designed to ensure Jersey complies with the recommendations highlighted in the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and Financing of Terrorism (Moneyval) report, published in 2016. Overall, the two amendments (see […]

Jerseys draft data protection legislation, the Data Protection (Jersey) Law 201- and Data Protection Authority (Jersey) Law 201- has been lodged “au Greffe”. They can be found at the following link on the States Assembly website, with the references P.116/2017 and P.117/2017. http://www.statesassembly.gov.je/Pages/Propositions.aspx A press release was sent out, which can be found at this link. https://www.gov.je/News/2017/Pages/DataProtectionLaw.aspx Also attached for your reference a […]

A Power of Attorney is the instrument by which an agent is appointed and given the authority to act on the principal’s behalf in specified circumstances.  A Power of Attorney may be given for example to the principal’s professional adviser in a transaction authorising him to sign documents on behalf of the principal.   Authority is […]