Comsure would like to thank all those who came to the JCOA CPD monthly workshop today to listen to my “”Confessions of a Compliance Consultant”.
The Comsure team hope that all attendees found the 1 hour “thought leadership” talk (with a few jokes!!!) informative and engaging (and maybe amusing?).
Do not forget to keep an eye on further confessions through the Comsure musing page http://www.comsuregroup.com/musings/ or befriend Comsure on Facebook/Linkedin/twitter. You will also find below some pictures from the event along with a copy of the slides.
Finally, if you would like this pretention run in your offices or something similar do not hesitate to contact us at firstname.lastname@example.org
Thank you to Olaf Blakeley, who on the 16th March 2016 @ the Pomme D’or Hotel, provided a thoroughly enthralling workshop on such matters as; the JFSC’s enforcement ‘tricks of the trade’ and how to respond to enforcement measures including complying, challenging and resisting.
Further, Olaf also provided some key pointers on the first line of defence in managing ENFORCEMENT RISK – this included the way in which regulated entities respond to enforcement action and guidance to help businesses make informed decisions about early and effective steps they can take which will have a profound effect on the eventual outcome of enforcement investigations.
This workshop follows MoneyVal pronouncements which are leading too significant effect with its feedback triggering some further changes to AML legislation and regulation along with its continued recommendation and desire to see more prosecutions in Jersey. Also we have seen several high profile enforcement cases in Jersey that has led several commentators to suggest financial regulation in Jersey is seemingly becoming enforcement led.
These comments have been triggered following:
the introduction of civil penalties legislation in June 2015
significant number of public statements being issued by the Jersey Financial Services Commission [JFSC],
challenges to the issue of public statements proceeding through the Royal Court and
the prosecution of a MLRO and the firm for which she worked.
This ENFORCEMENT RISK means that regulated entities need to be ready to deal with enforcement action, and with financial penalties also having been introduced enforcement is likely to become more prominent in 2016 and beyond.
Please take a look at our gallery from the event below.
Many thanks to everyone who attended our summer drinks and canapes event at The Grand Hotel on 30th July 2014. The event included a short presentation by Mathew Beale about the latest products and services offered by the Comsure event.