Jersey directors - six days and counting – register or risk imprisonment for up to 7 years and/or a financial penalty.
Don’t be fooled – Jersey Sch 2 directors must still do CDD on 1st Oct 2023 and thereafter!![CDD = ID&V, profile, and risk assessment]
First Criminal Resolution Involving the Illicit Sale and Transport of Iranian Oil in Violation of U.S. Sanctions
Arranging in Jersey - sophisticated and high net worth investors out of the scope of the legislative changes.
The JFSC has released its latest Thematic Examination report – the latest being on “Beneficial Ownership and Control”[BOC]
A Comsure workshop [20.9.2023] on the real-world impact of AI, showcasing powerful tools like ChatGPT
The CoinsPaid Hack Explained: We Know Exactly How Attackers Stole and Laundered $37M USD – lessons learned
JERSEY, the U.S., United Kingdom and Canada sanction the Former Lebanese Central Bank Governor of Lebanon
Fronts, Fakes, and Façades - South African and Mauritian Enablers Move Millions From Zimbabwe to Britain
Suspicious [SAR/STR] and dealing with 'no consent' to unfreeze account – a recent Guernsey court decision
Guernsey trial to determine whether funds help in three bank accounts were proceeds of crime [freeze or unfreeze].
Does the EU 2025 cybersecurity [DORA] law apply to those outside the EU? If yes, what are you doing?
Philipp v Barclays: - banks do not owe this duty to customers deceived into instructing their banks to transfer money to fraudsters
The JFSC announces a 2023 review of systems and controls to prevent and detect Terrorism & Proliferation Financing.
JERSEY at the centre of Largest Ever Forfeiture of Proceeds [$12 million] from the Sale of Stolen Antiquities
Jersey outsourcing [OSP] rules – BEWARE "newly caught" Supervised Persons have SIX  months to act
JFSC Exemptions & Registration extensions & more FAQs on Directors/ Family Offices/ trusts & lending activities / private lenders
The JFSC move the SCH2 registration to 30 September 2023: RE Directors/Family Offices/ Trustees who lend
FCA issues £17.2m for serious failings which enabled millions in illegitimate tax reclaims [TAX CRIMES]
The JFSC chair, Mark Hoban, is to step down, Monique O’Keefe as Deputy Chair takes a second term, and x2 new Commissioners join the board.
A Jersey prosecution under the "Crime (Transnational Organised Crime) (Jersey) Law 2008" [Jersey's Modern Slavery law]
Changes to Jersey's Money Laundering (Jersey) Order 2008 (MLO) – consultation open - 12 May 2023 - Closing date: 9 June 2023 changes in force 1 September 2023.
Notice of Examination on Suspicious Activity Reporting Obligations for Designated Non-Financial Businesses and Professions and Virtual Asset Service Providers
Tory donor's link to massive money laundering case via Seychelles - the Baltic – Glasgow – BVI - London
IT COULD BE YOU - A Gibraltar estate agent has been fined for breaching anti-money laundering obligations.
JFSC public statement against Former 'lawyer of the year' jailed for taking £29k from an older adult
Comsure offers the NIST Cyber Security Professional (NCSP®) program in the Channel Islands, Mauritius and beyond
JERSEY £25K in CRIMINAL FINES under the Financial Services (Jersey) Law [following the 38k on the 25th April]
Divorce cases reveals 25 residential properties, including a Dubai mansion, worth a total of around $80m (£64m).
CyberFlix: an interactive video - and related downloads - to help secondary school kids stay safe online
UK company set up in name of a JERSEY/UK SANCTIONED individual who is A top Putin official in Ukraine.
Chinese banks ‘laundering cash for drug cartels’ as $154 billion pass through China each and every year
JFSC Update: Exemptions – Registration Extension for Directors and Family Offices NEXT UPDATE = Monday 15 May 2023.
A Lawyer acting for a Russian oligarch pleads guilty to conspiring to commit money laundering to promote sanctions violations.
JFSC rules to appoint an anti-money laundering services provider [AMLSP] to fulfil the obligations of a relevant person.
Grand Court judge criticises AML Regulator for its overzealous approach and interpretation of the rules.
Jersey - The "Minister for External Relations and Financial Services" is now the "Minister for External Relations".
UK sanction - x2 Cypriots oligarch enablers [a lawyer and TCSP director] along with oligarch family members and Alisher Usmanov financial network
Comsure Group supports the NIST Cybersecurity Framework training program in Jersey, Guernsey or Mauritius.
JFSC publish information and guidance on its OBLIGED PERSONS RELIANCE “Thematic” findings and expectations.
Just as Jersey brings in its Senior Management Function Regime [SMFR] the UK Government start a review on its SM&CR
Jersey AML SUPERVISED BUSINESS are also 1] REGISTERED PERSON 2] REGULATED PERSON 3] PRESCRIBED NPOs 4] SCHEDULE 2 BUSINESS
JFSC highlight money launderers who targeted a jeweller - no convictions or regulatory sanctions to date
Jersey - Unauthorised Schedule 2 business deals with criminal property - no convictions or regulatory sanctions to date
A Gibraltar businessman and his son face money laundering charges after concealing £22 million in undeclared tobacco sales
Jersey warned about ‘proliferation financing’ & funding the development of weapons of mass destruction.
The founder of the Wagner mercenary group passed UK LAWERS KYC checks with his mother’s utility bill.
JFSC Notice: 30th January 2023 - Appointment of an AML services provider to fulfil obligations of relevant person
BVI, Costa Rica, Marshall Islands & Russia added to EU list of non-cooperative jurisdictions for tax purposes
Embedded CULTURE is a FATF requirement…how do you stand up to scrutiny? Find out at a free Feb CPD event.
UK - THE FIRST PROSECUTION FOR ALLEGED COMMERCIAL ORGAN DONATION HIGHLIGHTS THE UGLY SIDE OF FINANCIAL CRIME [ML]
Comsure’s iTrack Client Risk Assessment (CRA) – used by TCBs, investment businesses, estate agents, accountants and others
Jersey’s External Relations Minister resigns from responsibility for the island’s financial services
The JFSC instructions are in for the 2022 Supervisory Risk Data Collection Exercise – THE DEADLINE IS 30TH APRIL .
Oleg Deripaska gets more people in trouble as the US arrests and charges an Ex-FBI agent and Diplomat
EY fired partner for not approving illegal transactions after crystallising "PROFESSIONAL SKEPTICISM,"
Comsure training – An introduction to Virtual Assets[VA], VA Service Providers [VASPs] and regulatory standards
Crypto Lender Nexo Sues Cayman Island's Regulator for Denied VASP Registration while under investigation in Bulgaria
X5 Nigeria National Inherent Risk Assessments (NIRA) published on Money Laundering, Terrorist Financing, Proliferation Financing
UK government bans trust services for designated Russian persons [STEP UPDATE - Thursday, 05 January 2023]
22 December 2022 - JFSC thematic financial crime risk assessments and AML/CFT strategies report published
21st of December 2022 - The JFSC has issued an enforcement public statement about Lutea Holdings Limited and Lutea Trustees Limited
Jersey's judgement highlights the direct relationship between a laundering offence and the original antecedent [predicate] offence.
CULTURE – FCA SPEECH - From Zeroes to Heroes: How culture in financial services can change for everyone’s benefit
The European Court of Justice Strikes Down Public Access to Beneficial Ownership Information: First Thoughts
The Serious Fraud Office -v- Glencore Energy UK Ltd Sentencing Remarks of Mr Justice Fraser [3 November 2022]
Christopher Byrne banned by the JFSC, 4 years after being sentenced to 7 years imprisonment for financial misconduct
A Jersey-based PLC's UK subsidiary is the first company to be prosecuted by the SFO for paying bribes
A Jersey-based PLC's UK subsidiary is the first company to be prosecuted by the SFO for paying bribes
Jersey’s AML Handbook to be updated and is out for consultation now [closes 13 January – live July 2023]
The UK's Financial Conduct Authority has fined mortgage lender millions for money laundering failures
“Adolf Tooth Fairy Hitler” and 800 ‘zombie-Dead directors’ on official records listed at Companies House
Credit Suisse to pay €238 million fine in France to settle fraud probe and wait on other investigations to crystallise
UK ban on providing professional and business services to persons "connected with Russia" [ A Reminder July 2022]
Five Russian Nationals and Two Oil Traders Charged in Global Sanctions Evasion and Money Laundering Scheme
A CEO is being prosecuted for lying [fraudulent, misleading statements] about their bank AML framework
UK NCA announces details about the arrest of a businessman on suspicion of fraud and sanctions evasions.
Jersey connected Russian Oligarch Oleg Deripaska and Associates Indicted for Sanctions Evasion and Obstruction of Justice
£3,396,124.05 in JERSEY benefit fraud – is it time to look more closely at MONEY LAUNDERING risk in Jersey?
LAW firms under aml pressure - REGULATORY FINES TRIPPLE in five years, from £87,000 in 2017/18 to £299,925 2021.
JERSEYGOV publishes RED LINES to businesses and takes control of the JFSC Sound Business Practice Policy
Is there an enhanced AML risk with wealthy Jersey immigrants spending between £2.5 and £8.0 rather than over £10m!!!!
Warning – The JFSC proposals for AML “exempt” businesses may result in lots of hard work for TCSBs/FSBs
Comsure is in Mauritius between 14th-24th November 2022 – book Comsure for your annual refresher or dedicated compliance training in the comfort of your own offices.
Guernsey Commission have imposed a discretionary financial penalty of £35,000 on Gary William Jason Durkin
JERSEY BENEFIT FRAUDSTERS ARE MONEY LAUNDERERS – HOW LONG BEFORE LOCAL SERVICE PROVIDERS ARE CHECKED?
What does a regulator want from compliance - Every senior business leader should spare 10 minutes to read this speech
An extraordinary & unprecedented case as the High Court finds a solicitor guilty of criminal contempt of court for destroying documents in response to a Search Order
A good question about Jersey's Public Sector – the issue goes to the heart of the island's integrity
Fraudulent Business - Dundee Wealth Management AG (JFSC warn of an impersonating entity) [29 July 2022]
JERSEY & Countering the Proliferation of weapons of mass destruction (WMD) and Proliferation Financing (CPF)
SANCTIONS AND ASSET-FREEZING (IMPLEMENTATION OF EXTERNAL SANCTIONS) (EXCEPTIONS AND LICENCES – AMENDMENT) (JERSEY) ORDER 2022
UK extra-territorial sanction[s] law reminds us of all to avoid being an enabler of sanction breaches
Deutsche Bank in court because of its business with Epstein, terrorist organizations, Mexican drug cartels etc.
JFSC off -the fence about OUTSOURCING and using the CLOUD – they say you MUST notify if using the cloud
Taxing Crime: A Whole-of-Government Approach to Fighting Corruption, Money Laundering, and Tax Crimes [a report]
Terrorism:- a decision tree to determine conduct (inside or outside the UK) is terrorism; for the UK MLTF regime.
Jersey NEGLIGENT businesses fined £2 million, but NO Directors are held accountable? Should senior managers be worried?
JFSC to REVISE its OUTSOURCING POLICY – this IMPACTS all SUPERVISED PERSONS [estate agents, accounts, lawyers etc.]
From bankers to estate agents, Senior management accountability [and JFSC fining for failure] is coming to Jersey
Compliance officer warning about organised crime linked Russian oligarch with Seychelles, Jersey and Cayman companies!!
Is DUBAI still the playground for the crocked and dodgy? Maybe not; ask the Gupta brothers & Sanjay Shah
Jersey’s historical link to the Piratization of Russia - Financial Management Company (FIMACO)[1993-1997]
PEPs, SOEs, and HIOs require an RBA & CDD/EDD in the CIP and OM programme [there are other acronyms!!]
Must trustees and their advisors give information to beneficiaries if it is requested under data protection rules?
A newly amended law in the Seychelles will enable our partners at the Anti-Corruption Commission of Seychelles (ACCS) to more effectively prosecute corruption and associated money laundering cases, as well as to seize and confiscate proceeds of crime.
The Mauritius AML Conference will be with us TOMORROW – if you have not signed up, why not request one of the last discounted tickets are available – ACT NOW -
3 days to go - the Mauritius AML Conference is nearly with us – if you have not signed up, why not request one of the last discounted tickets are available – ACT NOW -
4 days to go - the Mauritius AML Conference is nearly with us – if you have not signed up, why not request one of the last discounted tickets are available – ACT NOW -
COVID-19 VACCINE bribery, corrupt fraud and embezzlement and diversion in BANGLADESH, UGANDA, AND ZAMBIA
TRANSPARENCY AND CORRUPTION IN COVID-19 VACCINE DEPLOYMENT: EVIDENCE FROM BANGLADESH, UGANDA, AND ZAMBIA
5 days to go - the Mauritius AML Conference is nearly with us – if you have not signed up, why not request one of the last discounted tickets are available – ACT NOW -
Six soldiers and a veteran have been arrested on suspicion of drug, money-lending and money-laundering offences, the Ministry of Defence has said.
The UK to reform SAR reporting because what they have is not good enough (albeit probably one of the best in the world!!)
BVI Premier, Port Director Charged in South Florida Federal Court with Drug Trafficking and Money Laundering Crimes
JFSC Joint consultation with Government of Jersey on facilitating the adoption of Digital ID Systems
Failure to prevent money laundering offence - Jersey is the first common law jurisdiction to introduce such an offence
Jersey National Risk Assessment [NRA] of Non-Profit Organisations [NPO] determines a medium to low risk,
Today is D-DAY [27 April] - Jersey continues its commitment to protecting the international financial system from misuse.
Signatures for Sale -How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners
Know your Russian billionaires – many with ties to Russia really, really don’t want to be called Russian.
KNOW YOUR 3 TIER CONTROLLERS - U.K. issues Sanctions Russian against Oligarch Mikhail Fridman Executive Assistant Nigina Zairova
Jersey KEY PERSONs or SENIOR MANAGEMENT functions added to fining schedule that has a maximum £400,000.00 penalty
JFSC Updated guidance [14 April 2022] on the countering of the financing of proliferation of weapons of mass destruction
JFSC DATA COLLECTION exercise on WMD [the countering of the financing of proliferation of weapons of mass destruction] (to start 18 July 2022 - Industry will have two months to complete)
Would you approve gifts worth £40++MILLIONS into your structure? And if so, how would you justify such generosity?
JERSEY Schedule 2 removal of "Level 2" and the unilateral application of “fit and proper" test to all sch2 businesses
OFSI amends Licences for UK subsidiary of VTB [Russia ] to allow any payments connected to Insolvency Proceeding
Jersey government approves new corporate money laundering offence - Draft Proceeds of Crime (Amendment No. 7) (Jersey) Law 202-
UK beneficial ownership of land - overseas entities owning UK land will affect all TCB businesses in JERSEY/GUERNSEY.
Action against money laundering freezes EUR 120 million worth of Lebanese assets, seizing bank accounts
UK beneficial ownership of land - the draft bill for overseas entities owning UK land was approved on 8 March
Guernsey, FSC Director-general, says not all Russian money is illegitimate and not every Russian is nasty.
Russian Sanctions Redux: FinCEN Issues Guidance on Suspicious Transactions and Evasion Using High-Value Assets
Failing to report suspicions - a sad but cautionary story as a financial service professional losses their livelihood
DIRTY RUSSIAN MONEY? WILL WE SEE PROSECUTIONS UNDER THE 'SINGLE CRIMINALITY' TEST [Jersey perspective]
Bloomberg ruling confirms high bar for publishers seeking to identify criminal suspects before charge
JFSC Thematic examination: AML business risk assessment and strategy SELF ASSESSMENT [DO NOT IGNORE]
UK lists Abramovich & 6 others & issues Chelsea Football Club General Licence [10 March 20222 @10:20am]
ICIJ “OUT” enablers and jurisdictions helping hide Russia’s oligarchs' wealth [Cyprus, Seychelles, UAE, Belize, BVI, etc.etc.]
3rd March, the JFSC has just issued a Russia, Ukraine and Belarus Data Collection request with a deadline 8th March
Watch out TCSPs who envelop Superyachts and other luxury assets after the seizure of x3 Superyachts as Europe cracks down on oligarchs
Mauritius AML/CFT Guidance Notes for Virtual Asset Service Providers & Issuers of Initial Token Offerings
Sanctions against Russia – at a glance - List of people and organisations blacklisted by UK, US and EU
Sanctions against Russia – at a glance - List of people and organisations blacklisted by UK, US and EU
Jersey – FSB/TCB administered customer entities may be drawn into AML rules and regulations….and will need an MLRO/MLCO, CMP, ETC……
Jersey Sanctions Reporting obligations for financial services, lawyers, accounts, estate agencies, etc.
The second-highest amount of money is laundered each year in the UK, with an estimated £88bn worth of money cleaned by criminals annually
JFSC Questions and answers from the webinar on Enhanced and Simplified Due Diligence Measures and Exemptions
UK AML fine of £3.8m and license suspension for failures to comply with social responsibility provision and AML/CFT regulations.
Jersey to introduce Corporate criminal offences for failing to prevent money laundering and terrorist financing
Regulated people demonstrating a lack of honesty and integrity even if they are not at work may still be banned!!!
Transparency International Corruption Perceptions 2021 Index (CPI) says - The world is at a standstill
Jersey [JFSC] Update on terrorism and proliferation of weapons of mass destruction sanctions guidance
The former CEO of Swedbank charged with fraud and market manipulation following money laundering investigations
JFSC Industry update22 December 2021 = 2021 supervisory risk data collection exercise - updated guidance
The misuse of corporate vehicles – a Focus on Beneficial Ownership concealment - Red flags and case studies
Government briefing on their strategic priorities and updated policy framework for Jersey's financial services sector
Jersey key person and senior management in scope for civil financial penalties – can they [you] trust the process?
May 2021 - CA fines Sapien Capital Ltd for serious financial crime control failings in relation to cum/ex trading
Swiss regulator puts two banks on the naughty step following money laundering failures connected to Venezuela
A group of Families failed in 2019 to seek compensation from x10 banks for death or injury due to dealing with terrorists
The JFSC has joined NGFS, a network to help improve environment and climate risk management in the financial sector
ADVANCE NOTICE OF CHANGES TO SUSPICIOUS ACTIVITY REPORTING TEMPLATES ON POLSAR PROPOSED EARLY Q1 2022:
After x6 years the JFSC withdraw directions from one of the Horizon Trustees (Jersey) Limited (liquidated) employees
Credit Suisse financial crime failure puts Anti-Bribery and Corruption Risk Assessments under FCA scrutiny
The Jersey JFCU/FIU publish red flags for Corruption related cases from the EGGMONT FIUs’ Perspective
Mauritian management company [TSCP] is subject to electronic fraud, and ICAC catch the perpetrator and charge them with money laundering
OFAC designated an entire cryptocurrency exchange & announced new measures to address ransomware attacks
Violations of Iran and Syria Sanctions Programs results in OFAC fine for First Bank SA and JC Flowers & Co
JFSC share personal employee details with Jersey government – “it may be time to dust down your employee privacy statements”
JFSC Industry update - 19 July 2021 - Revised policy on trading carbon credits and cannabis activities
Codes of Practice and Jersey Private Fund (JPF) updated following Sustainable Investments consultation
The JFSC and Jersey-GOV propose “Enhanced Enforcement Powers” and streamlined decision making powers
Jersey jeweller and money launderer is sentenced to 7.5 years for being connected to crime gang who were sentenced to 74 years!!!
The JFSC are making changes to a number of the Codes of Practice and the Jersey Private Fund (JPF) Guides.
Qatar ‘funnelled millions of dollars to Nusra Front terrorists in Syria’, UK court hears [04 Jun 2021]
TONE from the TOP, from ABOVE, and now from WITHIN - Compliance, Culture and Evolving Regulatory Expectations
Directors accountability bites in Guernsey - it goes to show that not all directors are equal for failure
AML lawyer [SRA] money laundering risks - vendor fraud through to human trafficking and modern slavery
Jersey has today [20 April 2021] published its first National Risk Assessment of Terrorist Financing.
JFSC financial crime 2020 examinations findings report issued - Almost 200 (191) findings identified…!!!!
A solicitor who “did not know” he was a partner and compliance officer is rebuked and fined – and the firm shut down!!
Switzerland non-compliant? Will FATF grey list them? Will the E.U. blacklist them? Will you rate them higher-risk?
Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 made: Brexit SI
Updated HM Treasury advisory notice on money laundering and terrorist financing controls in higher risk jurisdictions
Malta’s Fin-Services sector left reeling in wake of high-profile arrests on money laundering charges
Jersey enforcement (LGL & SGHAMBROS) - x5 critical learning points for Boards and Compliance Professionals
Microsoft’s email software exploited by hackers compromising thousands of sites, globally (including Jersey and Guernsey!!)
LGL Trustees Ltd, fined £550k [+50k] - what is known and what the Jersey court said about what happened
TIs perception of corruption index CPI2020 [#CPI] is out – BUT is it any use for AML risk assessments?
IFA FINED £107,200 unsuitable pension switching, transfer advice and failing to manage its conflicts of interest.
EXCLUSIVE: Manchester United face £15MILLION fine if they pay hackers holding them to ransom as club call in experts to try and fight off the virus crippling their systems... and a FURTHER £18m charge could arrive if fans' data protection is breached
CA and PRA fine Goldman Sachs International £96.6m for risk management failures in connection with 1MDB
JFSC PUBLIC STATEMENT - Brooks Macdonald Asset Management (International) Limited, Jersey Branch (BMI)
GFSC Dear CEO - Custodians of Open-Ended Collective Investment Schemes with Indirectly Held Assets [9/9/20]
Mauritius: The Fight Against Fraud and Corruption Shall Continue Relentlessly, Without Fear or Favour, Says Prime Minister Jugnauth
GFSC issue £70k of fines on Insurance Global Insurance Group Limited, Christopher Schofield, Andrew William Robert - 30th July 2020
The GFSC issue fines of £78,750.00 on x2 NEDs - Shane Younger and Christopher Percival - 30th July 2020
BRIEFING FOR TCSPs - Inheritance tax changes in the Finance Act 2020 and the tax impact upon trustees and settlors.
Mauritius - The Financial Services Commission (the “Commission”) publishes its Enforcement Manual (“Manual”) this 12 June 2020.
Standard Chartered Trust (Guernsey) Limited fined £140,000 – is this linked to Singapore’s 2015 $4.9 million fines?
Guardian Global Capital (Suisse) SA v JFSC 29-Apr-2020 judicial review - Trust Company Business "in or from within Jersey."
Jersey boards have you ran your periodic self-assessment, or external assessment, of the board’s effectiveness.
Comsure can offer its Channel Island, Mauritian and Seychellois clients with a 14 day free trial of Galaxkey's Secure Workspace
Red Flags of Bribery – Using The Case Study “Griffiths Energy International Inc & Chad Oil (March 2018)”
Indian Ministry of Finance Restores Mauritius’ Eligibility to Category 1 Foreign Portfolio Investors
1MBD money laundering and bribery scandal - U.S. Repatriates another $300 Million ($600 million in total) to Malaysia
Spoofed email account costs a firm £30k in – The Maserati Fraud – this is why encryption is important
Good news for employers, or is it? – the UK Supreme Court hands down judgment in WM Morrison Supermarkets plc (Appellant) v Various Claimants (Respondents)
Lux Regulator suspends Rothschild ex-CEO for ten years-AML and governance and prudent risk management
Director of Pilatus Bank, Malta, guilty of sanction busting and bank fraud, money laundering, and defrauding the United States
THE STORY JUST KEEPS ON GIVING - Jahangir Hajiyev was running out of money, and the board in Guernsey need to act!
Civil fining in Jersey – A Look at the first-ever financial penalty against a regulated business and the background and processes
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 6/6)
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 5/6)
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 4/6)
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 3/6)
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 2/6)
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 1/6)
Tax cheats on notice that their days of non-compliance are over Global tax chiefs undertake worldwide tax fraud probe
Failing to act with integrity due to not disclosing or avoid conflicts of interest – are you at risk?
2019 Supervisory Risk Data Collection Exercise – Update for Funds, wire transfer and prepaid card providers
Unreal Estate - Mihajlo Perenčević received millions of dollars from Russia under the guise of fictitious real estate purchases
High Court upholds strikeout of a claim based on allegation a financial institution breached fiduciary duties as a shadow director of its customer
Consultation paper on the proceeds of Civil Financial Penalties Issued:16 December 2019 (Proposals = Retention as income)
Were EY aiding in the laundering of drug money and did they fail to meet the reporting (SAR) standards
Advisory on the Financial Action Task Force-Identified Jurisdictions with Anti-Money Laundering and Combating the Financing of Terrorism Deficiencies and Relevant Actions by the United States Government
The First multi-million GDPR fine in Germany: €14.5 million for not having a proper data retention schedule in place
JFSC issue Property managers and letting agents themed examination programme findings - Issued:23 October 2019 Property managers and letting agents themed examination programme findings
The GFSC announced the “none fining” of a company (£30k) and do not act to fine any of the directors –how odd!!!
Jersey courts (April/October 2019) are reminded of Jersey TCSP poor conduct in its apparent backdating of commercial contracts, share sale agreements and accounts
US draft guidance for the export of hardware, software and technology with surveillance capabilities
Jersey classic money laundering case revisited (2003-2006) “You cannot turn a blind eye to the obvious”!!!
Post brexit - UK to impose ‘Magnitsky’ sanctions on regimes that imprison journalists and campaigners
Jersey lawyer removed from the roll of solicitors of the Royal Court for following fraud and Money Laundering conviction
Mauritius publish their NRA – The National Money Laundering and Terrorist Financing Risk Assessment of Mauritius
Using your social media at work may have calamitous consequences – KPMG dismisses Financial Services Head after conduct probe story
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