The Jersey Court to confiscate drug offender’s money after-tax evasion confession [08 August 2019] A 57year-old convicted drug offender could see up of £33,804 of savings seized by Jersey authorities, despite successfully arguing that the money was not the proceeds of criminal activities – but admitting tax evasion in the process. Ian Joseph Ellis was […]

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 […]

Back in 2015 MORE than 20 major fraud cases involving millions of pounds being allegedly laundered through Jersey banks by people from all over the world are being actively investigated by financial crime detectives, the States police have revealed. The operations department of the Joint Financial Crimes Unit are working on 23 ‘major’ investigations, some […]

The Jersey Financial Services Commission (JFSC) and the Joint Financial Crimes Unit (JFCU) have today issued a warning to Islanders and businesses following authorities receiving reports of intimidating ransom emails, where the recipient or their family’s lives are threatened. The emails are likely to be fraudulent and are threatening that people need to make a Bitcoin payment in […]

Failing to file a Suspicious Activity Report Background In the first prosecution of its kind in Jersey, the Royal Court has acquitted Michelle Jardine (represented by Advocate Nuno Santos-Costa) and STM Fiduciaire Ltd (represented by Advocate David Steenson) of charges under the Proceeds of Crime (Jersey) Law 1999 (POCA). This is the first time anyone […]

DRAFT PROCEEDS OF CRIME (FINANCIAL INTELLIGENCE) (JERSEY) REGULATIONS 201 These Regulations would establish a financial intelligence unit (“FIU”) for Jersey, to carry out the functions of such a unit as described in Article 41B of the Proceeds of Crime (Jersey) Law 1999 (as inserted by the Proceeds of Crime (Amendment – Financial Intelligence) (Jersey) Law […]