A third UK regional daily newspaper has adopted a metered paywall. In future, the Jersey Evening Post will allow users to read 10 online articles for free each month and then demand a charge for further views. Its readers will be able to take advantage of an introductory subscription offer of 99p per month with […]

Jersey’s financial institutions are now able to register in Jersey in preparation for US FATCA, which commences this year. The Foreign Account Tax Compliance Act (FATCA) requires financial institutions outside the USA to report information on financial accounts held by their US customers to the Internal Revenue Service (IRS). A test platform has been available […]

Jersey has been ranked as the least complex country for multinational enterprises to do business in for the second year running, according to TMF Group’s 2014 Global Benchmark Complexity Index. The far-reaching annual study has ranked 81 jurisdictions across Europe, the Middle East, Africa, Asia-Pacific and the Americas according to how complex they are to […]

In recent times, there has been a marked increase in the use of co-ordinated economic sanctions by the European Union, the United Nations and individual states against rogue states and organisations and, on a targeted basis, against specific individuals and entities related to those rogue states and organisations. The number of countries which are the […]

The JFSC has issued a Public Statement [PS] [26 JAN 2015] on Former employee of Horizon Trustees (Jersey) Limited (in liquidation) (“HTJL”) namely a Mr James Nicholls (“Mr Nicholls”), born 27 February 1967. In the PS the JFSC state that Mr Nicholls displayed levels of incompetence of the most serious kind, with customers being placed […]

The revised AML/CFT Handbook for the Accountancy Sector is being finalised and will be available from the Commission Website from 19 January 2015. It will be effective from that date. It can be found here: http://bit.ly/1BdKAKA

Please be advised that the United Nations Security Council (‘UNSC’) has added to or amended the details of individuals and/or organisations on its sanctions lists. For the purposes of this notice there are currently no additions or amendments to the details of individuals and/or organisations on UNSC sanctions lists. This/these individuals and/or organisations are expected […]

European assessors are in Jersey to ensure banks, trusts and crime units have the right systems in place to detect money laundering and financing of terrorism. Independent experts from MoneyVal are analysing whether the island’s systems are up to scratch. There are 35 banks, 150 trust companies and 500 investment funds in Jersey. The island […]