INTRODUCTION The JFSC have issued their 2014 Summary Findings following its 2013 On-Site Visit Examination Programme. The Introduction, scope, process and overview is outlined below Introduction, scope, process and overview Introduction This paper sets out the summary findings arising from the Jersey Financial Services Commission’s (the “Commission”) programme of on-site examinations as part of its […]

INTRODUCTION The JFSC have issued their 2014 Summary Findings following its 2013 On-Site Visit Examination Programme. In this report the JFSC provided an overview and conclusion as follows JFSC overview and conclusion The majority of on-site 2013 examinations encompassed a review of Corporate Governance, the key person functions and Critical Anti-Money Laundering and the Countering […]

INTRODUCTION The JFSC have issued their 2014 Summary Findings following its 2013 On-Site Visit Examination Programme. The key findings are as follows KEY FINDINGS Suspicious Activity Reporting Procedures Evaluation of SARs and Reporting to the JFCU Corporate Governance Delegated functions of the board Business Risk Assessment and Strategy Conflicts of Interest Compliance Function Compliance Resourcing […]

Trust Company Business On-site Examination Programme 2012 summary findings published – During 2012, the Jersey Financial Services Commission (the “Commission”) continued its programme of on-site examinations as part of its supervision of trust company businesses. The purpose of an on-site examination is to assess a business in terms of its performance against the legislative and […]