JFSC “final version” Appendix D2 amended to correct updates originally published on the 15th
20/03/2023
Ex-Goldman banker sentenced to 10 years prison following the $4.5 billion 1MDB corruption scandal.
10/03/2023
A Gibraltar businessman and his son face money laundering charges after concealing £22 million in undeclared tobacco sales
08/03/2023
Jersey-registered Glencore is now guilty of bribery in the US, and fines increase to $883 million
06/03/2023
I AM A JERSEY DIRECTOR. AM I REQUIRED TO BE REGISTERED AND REGULATED? See the JFSC FAQ page
06/03/2023
Elephants Don't Forget: FCA Enforcement Puts' Inadequacy of Staff Training' Under the Microscope
25/02/2023
Jersey warned about ‘proliferation financing’ & funding the development of weapons of mass destruction.
25/02/2023
A briefing on Jersey Legislative changes to anti-money laundering enforcement [@31 Jan 2023]
24/02/2023
The founder of the Wagner mercenary group passed UK LAWERS KYC checks with his mother’s utility bill.
23/02/2023
The JFSC guidance on schedule 2 activities and the test of "WHEN CONDUCTED AS A BUSINESS."
21/02/2023
JFSC Notice: 30th January 2023 - Appointment of an AML services provider to fulfil obligations of relevant person
21/02/2023
IOM FSA to pay costs after a tribunal found it had acted unreasonably by exceeding its powers.
16/02/2023
BVI, Costa Rica, Marshall Islands & Russia added to EU list of non-cooperative jurisdictions for tax purposes
15/02/2023
JFSC deadline extended for 2022 data collection exercise for BANKS / MONEY SERVICE BUSINESSES
12/02/2023
Embedded CULTURE is a FATF requirement…how do you stand up to scrutiny? Find out at a free Feb CPD event.
10/02/2023
UK - THE FIRST PROSECUTION FOR ALLEGED COMMERCIAL ORGAN DONATION HIGHLIGHTS THE UGLY SIDE OF FINANCIAL CRIME [ML]
08/02/2023
Amendment to Schedule 2 Business Activities from 30 January 2023 – the laws, rules and guides
08/02/2023
Comsure’s iTrack Client Risk Assessment (CRA) – used by TCBs, investment businesses, estate agents, accountants and others
08/02/2023
Jersey’s External Relations Minister resigns from responsibility for the island’s financial services
06/02/2023
The JFSC instructions are in for the 2022 Supervisory Risk Data Collection Exercise – THE DEADLINE IS 30TH APRIL .
02/02/2023
The new failure to prevent money laundering offence in Jersey – have you thought about it?
25/01/2023
Oleg Deripaska gets more people in trouble as the US arrests and charges an Ex-FBI agent and Diplomat
24/01/2023
EY fired partner for not approving illegal transactions after crystallising "PROFESSIONAL SKEPTICISM,"
24/01/2023
Comsure training – An introduction to Virtual Assets[VA], VA Service Providers [VASPs] and regulatory standards
23/01/2023
SRA AML gloves are off as it fines small law firm £20,000 for AML conveyancing work breaches
23/01/2023
Jersey JFSC regulated firms," Are you assessing your governance arrangements and effectiveness"?
20/01/2023
Isle of Man [IOM] firms on HMRC list tax avoidance schemes, promoters, enablers and suppliers
20/01/2023
Crypto Lender Nexo Sues Cayman Island's Regulator for Denied VASP Registration while under investigation in Bulgaria
19/01/2023
Dubai regulator upholds $135.6 million fine on Abraaj founder and former CEO [Jan 3, 2023]
12/01/2023
X5 Nigeria National Inherent Risk Assessments (NIRA) published on Money Laundering, Terrorist Financing, Proliferation Financing
09/01/2023
UK government bans trust services for designated Russian persons [STEP UPDATE - Thursday, 05 January 2023]
06/01/2023
22 December 2022 - JFSC thematic financial crime risk assessments and AML/CFT strategies report published
03/01/2023
JFSC TCB Fees 15.4% increase explained [To note:- the 20% FINE discount is still to be added]
31/12/2022
JFSC adds EXPLANATORY GRAPHICS [RELIANCE] to draft [under consultation] 2023 AML/CFT/CPF Handbook
30/12/2022
21st of December 2022 - The JFSC has issued an enforcement public statement about Lutea Holdings Limited and Lutea Trustees Limited
28/12/2022
UK Russian Sanctions Extended to include Trust Services dealing with persons connected with Russia
16/12/2022
Jersey's judgement highlights the direct relationship between a laundering offence and the original antecedent [predicate] offence.
08/12/2022
SOLICITOR JAILED FOR 12 YEARS FOR CASTLE FRAUD AFTER PRIVATE PROSECUTION [2 DECEMBER 2022]
02/12/2022
FCA fines Julius Baer International Limited £18m and publishes decision notices for x3 individuals
01/12/2022
CULTURE – FCA SPEECH - From Zeroes to Heroes: How culture in financial services can change for everyone’s benefit
30/11/2022
JFSC – JERSEYGOV 19 Oct Event on Combatting Financial Crime: CDD & Enhanced Due Diligence thoughts
29/11/2022
The European Court of Justice Strikes Down Public Access to Beneficial Ownership Information: First Thoughts
24/11/2022
SFO go again. Next up [after Glencore] are the Balli Steel executives and a $150 million fraud
14/11/2022
The Serious Fraud Office -v- Glencore Energy UK Ltd Sentencing Remarks of Mr Justice Fraser [3 November 2022]
08/11/2022
Christopher Byrne banned by the JFSC, 4 years after being sentenced to 7 years imprisonment for financial misconduct
04/11/2022
A Jersey-based PLC's UK subsidiary is the first company to be prosecuted by the SFO for paying bribes
03/11/2022
A Jersey-based PLC's UK subsidiary is the first company to be prosecuted by the SFO for paying bribes
03/11/2022
Jersey’s AML Handbook to be updated and is out for consultation now [closes 13 January – live July 2023]
02/11/2022
JFSC publish new guidance notes and Codes of Practice consultation for the AML/CFT Handbook
31/10/2022
Data breach – one rule for one, one rule for another! What would happen at your organisation?
28/10/2022
The UK's Financial Conduct Authority has fined mortgage lender millions for money laundering failures
28/10/2022
Millions in UN Funding Flow to War Profiteers and Human Rights Abusers in Syria, Study Shows
26/10/2022
“Adolf Tooth Fairy Hitler” and 800 ‘zombie-Dead directors’ on official records listed at Companies House
26/10/2022
Credit Suisse to pay €238 million fine in France to settle fraud probe and wait on other investigations to crystallise
25/10/2022
UK ban on providing professional and business services to persons "connected with Russia" [ A Reminder July 2022]
24/10/2022
FINTEC/REGTECH wins AML case against Dutch regulator for being "antiquated and ineffective"
24/10/2022
Five Russian Nationals and Two Oil Traders Charged in Global Sanctions Evasion and Money Laundering Scheme
21/10/2022
FINTEC/REGTECH wins AML case against Dutch regulator for being "antiquated and ineffective"
21/10/2022
The Government of Jersey is undertaking an NRA [risk assessment] of legal persons and arrangements.
17/10/2022
A CEO is being prosecuted for lying [fraudulent, misleading statements] about their bank AML framework
15/10/2022
UK NCA announces details about the arrest of a businessman on suspicion of fraud and sanctions evasions.
14/10/2022
Jersey connected Russian Oligarch Oleg Deripaska and Associates Indicted for Sanctions Evasion and Obstruction of Justice
02/10/2022
£3,396,124.05 in JERSEY benefit fraud – is it time to look more closely at MONEY LAUNDERING risk in Jersey?
02/10/2022
LAW firms under aml pressure - REGULATORY FINES TRIPPLE in five years, from £87,000 in 2017/18 to £299,925 2021.
29/09/2022
JERSEYGOV publishes RED LINES to businesses and takes control of the JFSC Sound Business Practice Policy
28/09/2022
Is there an enhanced AML risk with wealthy Jersey immigrants spending between £2.5 and £8.0 rather than over £10m!!!!
16/09/2022
Warning – The JFSC proposals for AML “exempt” businesses may result in lots of hard work for TCSBs/FSBs
16/09/2022
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.
16/09/2022
Mauritius Director of Public Prosecutions v AA Bholah [2011] and the irresistible inference test
15/09/2022
Guernsey Commission have imposed a discretionary financial penalty of £35,000 on Gary William Jason Durkin
14/09/2022
JERSEY BENEFIT FRAUDSTERS ARE MONEY LAUNDERERS – HOW LONG BEFORE LOCAL SERVICE PROVIDERS ARE CHECKED?
07/09/2022
What does a regulator want from compliance - Every senior business leader should spare 10 minutes to read this speech
02/09/2022
2022 APG YEARLY TYPOLOGIES REPORT:- includes illegal, unreported and unregulated fishing (IUU).
17/08/2022
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
10/08/2022
A good question about Jersey's Public Sector – the issue goes to the heart of the island's integrity
05/08/2022
BRITISH ART MARKET FEDERATION GUIDANCE ON AML For UK Art Market Participants [JUNE 2022 AMEND]
05/08/2022
Learning from Eight Advanced Countries' National Assessments of Money Laundering Risks: [NRAs]
01/08/2022
Fraudulent Business - Dundee Wealth Management AG (JFSC warn of an impersonating entity) [29 July 2022]
30/07/2022
JERSEY & Countering the Proliferation of weapons of mass destruction (WMD) and Proliferation Financing (CPF)
28/07/2022
SANCTIONS AND ASSET-FREEZING (IMPLEMENTATION OF EXTERNAL SANCTIONS) (EXCEPTIONS AND LICENCES – AMENDMENT) (JERSEY) ORDER 2022
26/07/2022
FCA AML June 2022 fines = £13.6 million. Are your Financial Crime Systems and Controls in order?
25/07/2022
UK Register of Overseas Entities: expect the Act to come into force very soon so plan-ahead.
15/07/2022
UK extra-territorial sanction[s] law reminds us of all to avoid being an enabler of sanction breaches
14/07/2022
UK SANCTION “RED ALERT” on financial sanctions evasion typologies by Russian elites and enablers
13/07/2022
Deutsche Bank in court because of its business with Epstein, terrorist organizations, Mexican drug cartels etc.
11/07/2022
JFSC consultation and proposed revision to current Outsourcing Policy (OSP) and Guidance Notes.
08/07/2022
JFSC off -the fence about OUTSOURCING and using the CLOUD – they say you MUST notify if using the cloud
08/07/2022
Taxing Crime: A Whole-of-Government Approach to Fighting Corruption, Money Laundering, and Tax Crimes [a report]
08/07/2022
Guernsey Mind and Management Requirements for the Fiduciary and Investment Sectors - 10 June 2022.
05/07/2022
English courts ENABLING RUSSIANS to launder hundreds of millions of pounds in dirty money.
04/07/2022
Terrorism:- a decision tree to determine conduct (inside or outside the UK) is terrorism; for the UK MLTF regime.
04/07/2022
Jersey NEGLIGENT businesses fined £2 million, but NO Directors are held accountable? Should senior managers be worried?
04/07/2022
The FBI today announced the addition of Ruja Ignatova to its Ten Most Wanted Fugitives list
01/07/2022
JFSC to REVISE its OUTSOURCING POLICY – this IMPACTS all SUPERVISED PERSONS [estate agents, accounts, lawyers etc.]
01/07/2022
The JFSC FINE IQ EQ Jersey £803K [REDUCED FROM £1.6M] for regulatory breaches - 01 July 2022
01/07/2022
JERSEY JFSC FCEU VISITS - 146 findings identified in the 2021 financial crime examinations
30/06/2022
JFSC amend country risk list [D2] after FATF GREY LIST changes - Gibraltar added and Malta removed
27/06/2022
From bankers to estate agents, Senior management accountability [and JFSC fining for failure] is coming to Jersey
25/06/2022
Jersey - "failure to prevent money laundering" offence, in effect from Friday 24 June 2022.
20/06/2022
Scathing report highlights multiple failings that led to laundering of billions of dollars in B.C.
17/06/2022
Compliance officer warning about organised crime linked Russian oligarch with Seychelles, Jersey and Cayman companies!!
13/06/2022
Is DUBAI still the playground for the crocked and dodgy? Maybe not; ask the Gupta brothers & Sanjay Shah
08/06/2022
Jersey’s historical link to the Piratization of Russia - Financial Management Company (FIMACO)[1993-1997]
05/06/2022
PEPs, SOEs, and HIOs require an RBA & CDD/EDD in the CIP and OM programme [there are other acronyms!!]
05/06/2022
Must trustees and their advisors give information to beneficiaries if it is requested under data protection rules?
01/06/2022
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.
31/05/2022
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 -
31/05/2022
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 -
29/05/2022
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 -
28/05/2022
COVID-19 VACCINE bribery, corrupt fraud and embezzlement and diversion in BANGLADESH, UGANDA, AND ZAMBIA
27/05/2022
TRANSPARENCY AND CORRUPTION IN COVID-19 VACCINE DEPLOYMENT: EVIDENCE FROM BANGLADESH, UGANDA, AND ZAMBIA
27/05/2022
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 -
27/05/2022
Six soldiers and a veteran have been arrested on suspicion of drug, money-lending and money-laundering offences, the Ministry of Defence has said.
27/05/2022
The Mauritius AML Conference is Next Week – last few discounted tickets available – ACT NOW
26/05/2022
The UK to reform SAR reporting because what they have is not good enough (albeit probably one of the best in the world!!)
26/05/2022
Another Jersey stand-alone money laundering case with an irresistible inference [May 2022]
25/05/2022
Meet the speaker Comsure's Financial Crime Conference (1st & 2nd June 2022) - Mohamed Khan
25/05/2022
Meet the speaker Comsure's Financial Crime Conference (1st & 2nd June 2022) - Muhammad Uteem
25/05/2022
Meet the speaker Comsure's Financial Crime Conference (1st & 2nd June 2022) - Kevin Teeroovengadum
25/05/2022
Meet the speaker Comsure's Financial Crime Conference (1st & 2nd June 2022) - Gavish Seetohul
25/05/2022
Meet the speaker Comsure's Financial Crime Conference (1st & 2nd June 2022) - David Sherpherd
24/05/2022
Comsure is on the shortlist for the Financial Services Expert of the Year in Jersey – 2022 :)
24/05/2022
FINANCIAL SECRECY INDEX 2022:- Guernsey is 10th, UK 13TH, Jersey 19TH Mauritius 55TH and IOM 61ST
19/05/2022
JFSC Industry update [16 May 2022] - 30 findings identified in 2021 supervisory risk examinations
16/05/2022
Is the Economic Crime Act 2022 dead in the water or an effective tool to tackle stolen money?
13/05/2022
BVI Premier, Port Director Charged in South Florida Federal Court with Drug Trafficking and Money Laundering Crimes
13/05/2022
'Sharing my screen cost me £48,000' – The FCA warns of a 86% increase in screen sharing scams
06/05/2022
JFSC Joint consultation with Government of Jersey on facilitating the adoption of Digital ID Systems
06/05/2022
Failure to prevent money laundering offence - Jersey is the first common law jurisdiction to introduce such an offence
28/04/2022
Jersey National Risk Assessment [NRA] of Non-Profit Organisations [NPO] determines a medium to low risk,
27/04/2022
Today is D-DAY [27 April] - Jersey continues its commitment to protecting the international financial system from misuse.
27/04/2022
Jersey businesses collectively stop money laundering by a crime gang from Uzbekistan & Mongolia
26/04/2022
Dowling v Concentric Analytics Limited [2021] TRE 107; Tribunal decision on unfair dismissal
26/04/2022
Signatures for Sale -How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners
25/04/2022
Know your Russian billionaires – many with ties to Russia really, really don’t want to be called Russian.
22/04/2022
KNOW YOUR 3 TIER CONTROLLERS - U.K. issues Sanctions Russian against Oligarch Mikhail Fridman Executive Assistant Nigina Zairova
22/04/2022
A ZOOM truth we have all probably experienced - The Curse of the Zoom meeting strikes again
20/04/2022
Jersey KEY PERSONs or SENIOR MANAGEMENT functions added to fining schedule that has a maximum £400,000.00 penalty
20/04/2022
JFSC update for Jersey Accountants, estate agents, lawyers and other Schedule 2 businesses'
19/04/2022
JFSC Updated guidance [14 April 2022] on the countering of the financing of proliferation of weapons of mass destruction
19/04/2022
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)
19/04/2022
Would you approve gifts worth £40++MILLIONS into your structure? And if so, how would you justify such generosity?
14/04/2022
Junior Lawyer of the Year [2026] struck off from the roll of the solicitors of the Jersey Court
14/04/2022
Goldman Sachs Former Investment Banker Convicted in Massive Bribery and Money Laundering Scheme
11/04/2022
JERSEY Schedule 2 removal of "Level 2" and the unilateral application of “fit and proper" test to all sch2 businesses
07/04/2022
OFSI amends Licences for UK subsidiary of VTB [Russia ] to allow any payments connected to Insolvency Proceeding
06/04/2022
Jersey government approves new corporate money laundering offence - Draft Proceeds of Crime (Amendment No. 7) (Jersey) Law 202-
05/04/2022
Global Advisory Experts have awarded Comsure Financial Services Expert of the Year in Jersey
05/04/2022
Mauritius www.lexpress.mu reports on a £3.35 million fraud that sounds like a Malware Fraud
04/04/2022
UK beneficial ownership of land - overseas entities owning UK land will affect all TCB businesses in JERSEY/GUERNSEY.
01/04/2022
Action against money laundering freezes EUR 120 million worth of Lebanese assets, seizing bank accounts
31/03/2022
UK beneficial ownership of land - the draft bill for overseas entities owning UK land was approved on 8 March
31/03/2022
Guernsey, FSC Director-general, says not all Russian money is illegitimate and not every Russian is nasty.
28/03/2022
Feedback concerning Anti-Money Laundering and Countering the Financing of Terrorism training.
28/03/2022
Russian Sanctions Redux: FinCEN Issues Guidance on Suspicious Transactions and Evasion Using High-Value Assets
24/03/2022
Failing to report suspicions - a sad but cautionary story as a financial service professional losses their livelihood
20/03/2022
JFSC issue guide customers who present a higher risk of financial crime [due to Russia matter]
20/03/2022
JFSC Feedback paper and further consultation on the Investment Business Client Assets Order
18/03/2022
DIRTY RUSSIAN MONEY? WILL WE SEE PROSECUTIONS UNDER THE 'SINGLE CRIMINALITY' TEST [Jersey perspective]
16/03/2022
Bloomberg ruling confirms high bar for publishers seeking to identify criminal suspects before charge
11/03/2022
JFSC Thematic examination: AML business risk assessment and strategy SELF ASSESSMENT [DO NOT IGNORE]
11/03/2022
UK lists Abramovich & 6 others & issues Chelsea Football Club General Licence [10 March 20222 @10:20am]
10/03/2022
ICIJ “OUT” enablers and jurisdictions helping hide Russia’s oligarchs' wealth [Cyprus, Seychelles, UAE, Belize, BVI, etc.etc.]
03/03/2022
3rd March, the JFSC has just issued a Russia, Ukraine and Belarus Data Collection request with a deadline 8th March
03/03/2022
Watch out TCSPs who envelop Superyachts and other luxury assets after the seizure of x3 Superyachts as Europe cracks down on oligarchs
03/03/2022
Mauritius AML/CFT Guidance Notes for Virtual Asset Service Providers & Issuers of Initial Token Offerings
01/03/2022
Sanctions against Russia – at a glance - List of people and organisations blacklisted by UK, US and EU
28/02/2022
Sanctions against Russia – at a glance - List of people and organisations blacklisted by UK, US and EU
25/02/2022
Jersey – FSB/TCB administered customer entities may be drawn into AML rules and regulations….and will need an MLRO/MLCO, CMP, ETC……
22/02/2022
BORIS, IGOR AND GENNADY – the UKs first barrage of economic sanctions launched against Russia
22/02/2022
Jersey Sanctions Reporting obligations for financial services, lawyers, accounts, estate agencies, etc.
11/02/2022
The second-highest amount of money is laundered each year in the UK, with an estimated £88bn worth of money cleaned by criminals annually
11/02/2022
JFSC Questions and answers from the webinar on Enhanced and Simplified Due Diligence Measures and Exemptions
10/02/2022
The Guernsey FIU guidance on; 1] Consent, 2] Expected responses and 3] Common misinterpretations
03/02/2022
UK AML fine of £3.8m and license suspension for failures to comply with social responsibility provision and AML/CFT regulations.
01/02/2022
Jersey to introduce Corporate criminal offences for failing to prevent money laundering and terrorist financing
31/01/2022
Jersey Financial Intelligence Unit (JFIU - JFCU) POLSAR UPDATE: going live on 1 February 2022
28/01/2022
Regulated people demonstrating a lack of honesty and integrity even if they are not at work may still be banned!!!
26/01/2022
Transparency International Corruption Perceptions 2021 Index (CPI) says - The world is at a standstill
25/01/2022
“REGULATORY RISK” is now the top concern for the board. So what can you do to mitigate this risk?
24/01/2022
Dual U.S.-Iran citizen charged for procuring and supplying goods in violation of U.S. sanctions
20/01/2022
Jersey [JFSC] Update on terrorism and proliferation of weapons of mass destruction sanctions guidance
17/01/2022
The former CEO of Swedbank charged with fraud and market manipulation following money laundering investigations
10/01/2022
JFSC Industry update22 December 2021 = 2021 supervisory risk data collection exercise - updated guidance
05/01/2022
Mini Umbrella Companies ["MUC"] fraud - Thousands recruited to front UK firms in 'tax dodge.'
03/01/2022
The misuse of corporate vehicles – a Focus on Beneficial Ownership concealment - Red flags and case studies
03/01/2022
Government briefing on their strategic priorities and updated policy framework for Jersey's financial services sector
14/12/2021
Jersey key person and senior management in scope for civil financial penalties – can they [you] trust the process?
10/12/2021
May 2021 - CA fines Sapien Capital Ltd for serious financial crime control failings in relation to cum/ex trading
01/12/2021
Swiss regulator puts two banks on the naughty step following money laundering failures connected to Venezuela
30/11/2021
A group of Families failed in 2019 to seek compensation from x10 banks for death or injury due to dealing with terrorists
30/11/2021
2021 update on the 2003 WEISS v. NATIONAL WESTMINSTER BANK PLC it is now with the supreme court!!!!
30/11/2021
The U.K. government to outlaw the [Nov. 26] the Hamas, in its entirety, and list them as terrorists
25/11/2021
The JFSC has joined NGFS, a network to help improve environment and climate risk management in the financial sector
16/11/2021
ADVANCE NOTICE OF CHANGES TO SUSPICIOUS ACTIVITY REPORTING TEMPLATES ON POLSAR PROPOSED EARLY Q1 2022:
16/11/2021
After x6 years the JFSC withdraw directions from one of the Horizon Trustees (Jersey) Limited (liquidated) employees
11/11/2021
Credit Suisse financial crime failure puts Anti-Bribery and Corruption Risk Assessments under FCA scrutiny
03/11/2021
Guernsey Director General's Speech [Charting a Path Beyond Zoom] to Chartered Governance Institute
26/10/2021
Jersey JFCU [FIU] minor changes to SAR template on POLSAR – in effect from Tuesday 6 July 2021
26/10/2021
The Jersey JFCU/FIU publish red flags for Corruption related cases from the EGGMONT FIUs’ Perspective
26/10/2021
Countries and territories in AML/CFT Handbook appendices updated –Industry update 22 October 2021
25/10/2021
Mauritian management company [TSCP] is subject to electronic fraud, and ICAC catch the perpetrator and charge them with money laundering
20/10/2021
Jersey Royal court worried about crime and will, in the public interest, publish its judgment
06/10/2021
UK OFSI rejects discount and imposes £50k fine for Russia Sanctions breach [SEPTEMBER 1, 2021]
05/10/2021
JFSC Upcoming consultations, legislative updates and revised policies and guidance in 2021
01/10/2021
OFAC designated an entire cryptocurrency exchange & announced new measures to address ransomware attacks
22/09/2021
Violations of Iran and Syria Sanctions Programs results in OFAC fine for First Bank SA and JC Flowers & Co
31/08/2021
Unacceptable to let UN Security Council listed 'terrorist organization' overrun Afghanistan
18/08/2021
Why the Comsure Electronic Signature and Encryption Solution is an Essential Business Tool
18/08/2021
JFSC share personal employee details with Jersey government – “it may be time to dust down your employee privacy statements”
03/08/2021
JFSC Industry update - 19 July 2021 - Revised policy on trading carbon credits and cannabis activities
03/08/2021
EGMONT - Counter-Terrorist Financing Project - Lone Actors and Small Cells (Public Summary)
23/07/2021
Codes of Practice and Jersey Private Fund (JPF) updated following Sustainable Investments consultation
16/07/2021
The JFSC and Jersey-GOV propose “Enhanced Enforcement Powers” and streamlined decision making powers
08/07/2021
FATF 28 JUNE 2021 - ENVIRONMENTAL CRIME (e.g. FORESTRY CRIME, ILLEGAL MINING AND WASTE TRAFFICKING)
07/07/2021
Jersey jeweller and money launderer is sentenced to 7.5 years for being connected to crime gang who were sentenced to 74 years!!!
06/07/2021
Who would have known? Street of the 40 Thieves” in the fictional Italian city of “Ali Babba”.
05/07/2021
The JFSC are making changes to a number of the Codes of Practice and the Jersey Private Fund (JPF) Guides.
30/06/2021
No proceeds of crime? But you should have been suspicious! the legal duty to report ML in the UK
04/06/2021
Qatar ‘funnelled millions of dollars to Nusra Front terrorists in Syria’, UK court hears [04 Jun 2021]
04/06/2021
Hiding in Plain Sight – [Jersey men] Cowboys, Conmen and North Korea – a look back to 2016
25/05/2021
Singapore prosecutes ex BP executive for bribery and now faces money laundering trial……!!!!!
17/05/2021
TONE from the TOP, from ABOVE, and now from WITHIN - Compliance, Culture and Evolving Regulatory Expectations
05/05/2021
Directors accountability bites in Guernsey - it goes to show that not all directors are equal for failure
30/04/2021
AML lawyer [SRA] money laundering risks - vendor fraud through to human trafficking and modern slavery
23/04/2021
Mauritius free webinar- AML/ CFT Audits and Business Risk Assessment Lessons from leading experts
23/04/2021
Jersey has today [20 April 2021] published its first National Risk Assessment of Terrorist Financing.
20/04/2021
JFSC financial crime 2020 examinations findings report issued - Almost 200 (191) findings identified…!!!!
31/03/2021
A solicitor who “did not know” he was a partner and compliance officer is rebuked and fined – and the firm shut down!!
30/03/2021
JFSC findings [29 March 2021] following JPF Designated Service Provider (DSP) thematic review
29/03/2021
Switzerland non-compliant? Will FATF grey list them? Will the E.U. blacklist them? Will you rate them higher-risk?
29/03/2021
Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 made: Brexit SI
26/03/2021
Updated HM Treasury advisory notice on money laundering and terrorist financing controls in higher risk jurisdictions
26/03/2021
Malta’s Fin-Services sector left reeling in wake of high-profile arrests on money laundering charges
26/03/2021
More than puff and smoke: poised for cannabis boom? it would be best if you minded your AML
25/03/2021
Jersey enforcement (LGL & SGHAMBROS) - x5 critical learning points for Boards and Compliance Professionals
24/03/2021
Caversham Fiduciary Services Ltd And Caversham Trustees Ltd And Nicholas Bell 2005 judgement
24/03/2021
NATWEST - THE FCA initiate the first criminal prosecution under the money laundering regulations
16/03/2021
Microsoft’s email software exploited by hackers compromising thousands of sites, globally (including Jersey and Guernsey!!)
12/03/2021
Were Jersey VAT arrangements abusive - First-tier Tax Tribunal – Paul Newey t/a Ocean Finance –
04/03/2021
JFSC February 2021 updates to the AML/CFT Handbook appendices – and CAYMAN connection warning
01/03/2021
Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes
26/02/2021
LGL Trustees Ltd, fined £550k [+50k] - what is known and what the Jersey court said about what happened
22/02/2021
Societe Generale Jersey - JFSC public statement and fine £510,599.67 + £155,476.54 + £53,375.00
16/02/2021
Is Jersey 2018 $23.3 million money laundering case connected to SG Hambros Bank £719,451.21 fine?
16/02/2021
The price of Non-compliance – Tribunal tells Jersey director their dismissal was fair and lawful
09/02/2021
TIs perception of corruption index CPI2020 [#CPI] is out – BUT is it any use for AML risk assessments?
28/01/2021
OFAC has upgraded its sanctions list search tool with fuzzy logic that is more resource-efficient.
27/01/2021
Swiss regulator gives the former CEO a telling off following the PDVSA money-laundering scandal.
22/01/2021
The new Jersey Registry Law, a key features briefing to support the board, training and policies.
12/01/2021
Mauritius – money laundering firm has its license revoked but not still NO prosecution (!!!)
05/01/2021
Switzerland charges Credit Suisse employees in Bulgarian real estate money laundering scheme
18/12/2020
IFA FINED £107,200 unsuitable pension switching, transfer advice and failing to manage its conflicts of interest.
14/12/2020
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
01/12/2020
CA and PRA fine Goldman Sachs International £96.6m for risk management failures in connection with 1MDB
03/11/2020
JFSC PUBLIC STATEMENT - Brooks Macdonald Asset Management (International) Limited, Jersey Branch (BMI)
23/10/2020
FACE TO FACE (BUT APPROPRIATELY SOCIALLY DISTANCED ) AML TRAINING, IN JERSEY, IN NOVEMBER !!!!
16/10/2020
GFSC Dear CEO - Custodians of Open-Ended Collective Investment Schemes with Indirectly Held Assets [9/9/20]
01/10/2020
Coronavirus (Covid-19) – second lock-down considerations - Information for regulated businesses
01/10/2020
Comsure Mauritius AML Training Designed to Comply with the Latest Updates and the new normal
28/09/2020
Mauritius: The Fight Against Fraud and Corruption Shall Continue Relentlessly, Without Fear or Favour, Says Prime Minister Jugnauth
09/09/2020
Dubai and money laundering are there any connections – example 5 - Dubai's real estate market
25/08/2020
GFSC issue £70k of fines on Insurance Global Insurance Group Limited, Christopher Schofield, Andrew William Robert - 30th July 2020
21/08/2020
The GFSC issue fines of £78,750.00 on x2 NEDs - Shane Younger and Christopher Percival - 30th July 2020
21/08/2020
Germany raids its own financial intelligence authority over backlog of suspicious activity reports
14/08/2020
Westpac says money laundering and counter-terrorism breaches may be 450,000 more than suspected
12/08/2020
London Laundromat: Police seize £2 million profits of Italian mafia gang held in British banks
24/07/2020
BRIEFING FOR TCSPs - Inheritance tax changes in the Finance Act 2020 and the tax impact upon trustees and settlors.
16/07/2020
Jersey company registry legislation RE - beneficial owners, controllers and significant persons?
22/06/2020
Mauritius - The Financial Services Commission (the “Commission”) publishes its Enforcement Manual (“Manual”) this 12 June 2020.
15/06/2020
Standard Chartered Trust (Guernsey) Limited fined £140,000 – is this linked to Singapore’s 2015 $4.9 million fines?
12/06/2020
Guardian Global Capital (Suisse) SA v JFSC 29-Apr-2020 judicial review - Trust Company Business "in or from within Jersey."
06/05/2020
FATF: COVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses
05/05/2020
Bank Hapoalim Agrees to Pay More Than $30 Million for Its Role in FIFA Money Laundering Conspiracy
05/05/2020
Jersey boards have you ran your periodic self-assessment, or external assessment, of the board’s effectiveness.
29/04/2020
Comsure can offer its Channel Island, Mauritian and Seychellois clients with a 14 day free trial of Galaxkey's Secure Workspace
21/04/2020
Red Flags of Bribery – Using The Case Study “Griffiths Energy International Inc & Chad Oil (March 2018)”
17/04/2020
Indian Ministry of Finance Restores Mauritius’ Eligibility to Category 1 Foreign Portfolio Investors
16/04/2020
1MBD money laundering and bribery scandal - U.S. Repatriates another $300 Million ($600 million in total) to Malaysia
15/04/2020
A former London banker at Goldman Sachs Group Inc. arranged for millions of dollars in bribes
14/04/2020
MAS Imposes Composition Penalty of $400,000 on TMF Trustees Singapore Limited for AML/CFT Failures
07/04/2020
GFSC GUIDANCE - Can video calling be used to verify the identity of individuals? 6th April 2020
07/04/2020
Spoofed email account costs a firm £30k in – The Maserati Fraud – this is why encryption is important
04/04/2020
Barclays & WM Morrison - x2 Important Supreme Court decisions on vicarious liability – 1 April 2020
03/04/2020
Good news for employers, or is it? – the UK Supreme Court hands down judgment in WM Morrison Supermarkets plc (Appellant) v Various Claimants (Respondents)
02/04/2020
Lux Regulator suspends Rothschild ex-CEO for ten years-AML and governance and prudent risk management
01/04/2020
OFSI imposes £20.4 million fine on Standard Chartered Bank for breaching financial sanctions.
31/03/2020
THE JFSC and Government of Jersey - Stay at Home Order - Essential workers in Financial Services
30/03/2020
Director of Pilatus Bank, Malta, guilty of sanction busting and bank fraud, money laundering, and defrauding the United States
17/03/2020
THE STORY JUST KEEPS ON GIVING - Jahangir Hajiyev was running out of money, and the board in Guernsey need to act!
10/03/2020
Civil fining in Jersey – A Look at the first-ever financial penalty against a regulated business and the background and processes
06/03/2020
Abu Dhabi Commercial Bank PJSC Jersey Branch Pleaded Guilty – the court judgement is available
03/03/2020
Cryptoassets ARE property under English law AND the Proceeds of Crime Act 2002 (POCA 2002).
28/02/2020
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 6/6)
14/02/2020
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 5/6)
14/02/2020
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 4/6)
13/02/2020
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 3/6)
12/02/2020
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 2/6)
10/02/2020
How Britain can help you get away with stealing millions: a five-step guide (posted by Comsure in 6 postings 1/6)
06/02/2020
Tax cheats on notice that their days of non-compliance are over Global tax chiefs undertake worldwide tax fraud probe
31/01/2020
The Jersey Data Protection Authority (JDPA) has issued its first public statement (but no fine)
29/01/2020
Jersey Business Crime and the Weaponisation of White-Collar Enforcement – are you prepared?
27/01/2020
Failing to act with integrity due to not disclosing or avoid conflicts of interest – are you at risk?
24/01/2020
2019 CORRUPTION PERCEPTIONS INDEX SHOWS ANTI-CORRUPTION EFFORTS STAGNATING IN G7 COUNTRIES
24/01/2020
2019 Supervisory Risk Data Collection Exercise – Update for Funds, wire transfer and prepaid card providers
20/01/2020
Unreal Estate - Mihajlo Perenčević received millions of dollars from Russia under the guise of fictitious real estate purchases
16/01/2020
Key considerations for UK investment in the legal cannabis industry abroad (November 12, 2019)
15/01/2020
Seychelles' lawmakers to strengthen anti-money laundering, terrorism financing legislation
14/01/2020
High Court upholds strikeout of a claim based on allegation a financial institution breached fiduciary duties as a shadow director of its customer
19/12/2019
Consultation paper on the proceeds of Civil Financial Penalties Issued:16 December 2019 (Proposals = Retention as income)
17/12/2019
Top 15 tax havens around the world – where the billionaires and millionaires hoard their money
02/12/2019
SARs and private law actions and the question of consent – Liang v RBC Trustees (Guernsey) Limited
29/11/2019
Were EY aiding in the laundering of drug money and did they fail to meet the reporting (SAR) standards
22/11/2019
Jersey provisions are more robust than their UK equivalent - Account Freezing / Forfeiture Orders
22/11/2019
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
19/11/2019
The First multi-million GDPR fine in Germany: €14.5 million for not having a proper data retention schedule in place
19/11/2019
Initial Coin Offerings: Issues of Legal Uncertainty Report: Initial Coin Offerings: 30 July 2019
08/11/2019
JFSC issue Property managers and letting agents themed examination programme findings - Issued:23 October 2019 Property managers and letting agents themed examination programme findings
05/11/2019
You cannot confiscate illicit funds from a company without having brought charges against it
05/11/2019
The GFSC announced the “none fining” of a company (£30k) and do not act to fine any of the directors –how odd!!!
22/10/2019
Jersey courts (April/October 2019) are reminded of Jersey TCSP poor conduct in its apparent backdating of commercial contracts, share sale agreements and accounts
22/10/2019
Reliance on information from banks hindering corruption and money laundering investigations
18/10/2019
You cannot confiscate illicit funds from a company without having brought charges against it
18/10/2019
Invoice hijacking fraud - Court adopts practical approach to assist in the recovery of funds
17/10/2019
The Office for Financial Sanctions Implementation has published its 2018/2019 Annual Review.
16/10/2019
US draft guidance for the export of hardware, software and technology with surveillance capabilities
10/10/2019
JERSEY AND GURESNEY PENSION TRANSFER REFUSAL AND PENSION TRANSFER DELAYS - CIFO's emerging issues
10/10/2019
Jersey classic money laundering case revisited (2003-2006) “You cannot turn a blind eye to the obvious”!!!
07/10/2019
Post brexit - UK to impose ‘Magnitsky’ sanctions on regimes that imprison journalists and campaigners
04/10/2019
Jersey lawyer removed from the roll of solicitors of the Royal Court for following fraud and Money Laundering conviction
24/09/2019
Mauritius publish their NRA – The National Money Laundering and Terrorist Financing Risk Assessment of Mauritius
20/09/2019
Standard Bank Jersey Limited fined £20k for letting woman use dead partner’s account (August 2019)
10/09/2019
Using your social media at work may have calamitous consequences – KPMG dismisses Financial Services Head after conduct probe story
06/09/2019
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