In order to comply with the regulatory regime, we would expect trust company businesses to consider the following as a minimum:-   any scheme established to mitigate tax or for any other fiscal reasons should be supported by a formal documented opinion or advice obtained from a credible, expert source; the trust company business […]

This Global Assessments’ Calendar provides an overview of planned assessments for the FATF and FATF-Style Regional Bodies (FSRBs). This is a complete list of assessments against the FATF Recommendations by the FATF, the FSRBs or the International Monetary Fund and the World Bank. This list is for information purposes only and without prejudice to the […]

JFSC Chief Executive to Fund Services Business – RE Collective Investment Funds (Certified Funds – Prospectuses) (Jersey) Order 2012 The Collective Investment Funds (Certified Funds – Prospectuses) (Jersey) Order 2012 (the “Order”) was made on 17 May 2012 and is due to come into force six months after that date on 17 November 2012. Please […]

JFSC Dear Chief Executive Conflicts of Interest (Oct 2010) – On the 22nd October the JFSC advised all trust company businesses to undertake a review of their internal controls in respect of conflicts. The CEO letter suggested such a review should encompass, but not be limited to, ensuring that policies and procedures are sufficiently robust […]