A Sydney multi-millionaire who brought the Krispy Kreme donut franchise to Australia could face up to 10 years in jail if proven guilty of dodging $30million in tax by concealing it in Jersey. 76-year-old businessman John Kinghorn was charged this week of defrauding the Commonwealth along with an additional count of deceiving a Commonwealth public […]

The Jersey Financial Services Commission’s (the Commission) consultation paper on amendments to the Codes of Practice, which was published in July 2017, closed last week and the amendments likely to be adopted 1st quarter 2018. The expected two-month implementation window does not give regulated businesses a significant amount of time to comply with the changes. […]

The following has been reported in the Jersey Evening post on 3 August 2017 – A JERSEY finance firm had close ties to a controversial property deal which brought about the downfall of the Pakistani Prime Minister following a corruption probe, it has emerged. The London properties were not declared on Sharif’s official family wealth […]

The JFSC has recently published Consultation Paper No. 6 2017, Amendments to Codes of Practice. You can find the link to the document HERE

As reported in the Jersey Evening Post today: Please click on the images to see the report on click the pdf link below.     news 1billion reurned to italians jep 12617 From the JEP 12th June 2017

The Jersey Financial Services Commission (JFSC) has today published its Annual Report and financial statements for 2016. The Report documents how the JFSC has performed against its strategic objectives for the year, which in 2016 predominantly focused on facilitating access to international financial markets for Jersey, matching international standards, meeting legal and other requirements, and […]

The Channel Islands Financial Ombudsman (CIFO) today (30 May 2017) published complaint numbers for the first quarter of 2017. Some highlights from the report are shown below, for full details of the complaints received and handled during the period January – March 2017, please see the report. https://www.ci-fo.org/news-publications/statistics/ https://www.ci-fo.org/wp-content/uploads/2017/05/CIFO-Complaint-Statistics-for-Q1-2017-ending-31st-March.pdf In the first quarter, January – […]

In a judgment which will be of considerable interest in Jersey and was handed down on Monday 15 May 2017 (O’Keefe & anor (in their capacity as joint liquidators of Level One Residential (Jersey) Ltd and Special Opportunity Holdings Ltd –v- Caner & ors [2017] EWHC 1105 (Ch)), the High Court in England ruled that […]