July 4, 2025 - States approve legislation that introduces enhanced consumer credit protections
10/07/2025
Monzo breached the bank's VREQ and had 'inadequate Anti-Financial Crime (AFC) systems and controls'
10/07/2025
ASK MAT – I don’t want to go to jail or be fined, so I have a zero tolerance for financial crime – but I have been told not to be aspirational as it erodes trust.
09/07/2025
PROBATE FRAUD - How fake-will fraudsters stole millions from the dead – lawyers can HELP stop it
09/07/2025
UK RED ALERTs give information on what needs to be reported to different parts of the UK government
08/07/2025
The JOIC is to bring legal proceedings against businesses for not paying their annual fee.
08/07/2025
MAS reprimanded nine firms & 18 Individuals for AML breaches following a 2023 Money laundering case
07/07/2025
Palestine Action has been added to Schedule 2 to the Terrorism Act 2000 – what will Jersey do?
07/07/2025
Citibank, UBS and Julius Baer, tied to a $2.3 billion money-laundering scheme and fined by MAS
06/07/2025
IOM seizes £300 million [approx.] from 10 active international money laundering investigations
06/07/2025
Digital trust. Do your customers, regulators, and other stakeholders trust that you are protecting data appropriately?
06/07/2025
Jersey Gov's Financial Services Competitiveness Programme is being showcased in July 23rd
04/07/2025
UK/Jersey family solicitors [or any other lawyer] are they caught as TAX ADVISORS and therefore the AML rules?
04/07/2025
JFSC supervision monthly update highlights from June and a look ahead to what’s coming in July.
03/07/2025
Jersey's position on Sustainable Finance & Environmental Crime & Financial Services Governance
03/07/2025
The JFSC has issued a Fraud Warning on LTIP Funding Company Limited (the impersonating entity)
03/07/2025
The FCA Consultation Paper (CP 25/18) on 'Tackling non-financial misconduct [NFM] – some complex rules to decipher!!!
03/07/2025
Mauritius - 16,000 companies still do not have a Data Protection Officer, despite the existence of data protection legislation.
03/07/2025
UK/JERSEY/GUERNSEY - RED ALERT focuses on the "Shadow Fleet Sanctions Evasion and Avoidance Network,"
03/07/2025
Jersey seeks Swiss help in its $13 billion sales proceeds, money laundering, and sanctions breaches investigation
02/07/2025
Standard Chartered Bank is being sued for US$2.7 billion concerning fraud and the systematic theft of funds.
02/07/2025
JFSC civil penalties cover the costs of regulatory activities and enforcement actions, but not for much longer.
01/07/2025
Venezuela - One wonders how FATF do not have a darker colour than GREY for this narco-state.
30/06/2025
MAURITIUS update on money laundering trial against the Son of the former police commissioner.
30/06/2025
DUBAI-CYPRUS-UK-BELGIUM and a listed company - A global crime network is behind the QR code car-park scam
29/06/2025
Guernsey-based Prosperity Investments, LP, linked to OFAC $216 million fine on GVA Capital Ltd
29/06/2025
Société Générale (France and Luxembourg) were raided, and four individuals were arrested.
27/06/2025
26/6/25 – JFSC delays its update on disclosable BO information after government consultation
27/06/2025
Harvesh Seegolam, the former governor of the Bank of Mauritius (BoM), alleged embezzlement case is delayed to October 15
27/06/2025
$8.5mn fine for Deloitte, PwC and EY after the discovery of employees cheating internal training exams, including ethics tests
27/06/2025
Proceeds of Crime (Jersey) Amendment Regulations 2025 - made 25 June 2022, coming into force 2 July 2025
26/06/2025
A Law firm’s human errors led to a breach of the Russia (Sanctions) (EU Exit) Regulations 2019
26/06/2025
FATF urges more decisive global action to address Illicit Finance Risks in Virtual Assets
26/06/2025
FATF Publishes new Guidance on Anti-Money Laundering, Terrorist Financing Measures and Financial Inclusion
24/06/2025
Guilty of money laundering conspiracy that involved millions of dollars in drug-trafficking proceeds
24/06/2025
Jersey’s highest appellate court overturned the decision that Jersey's liability law is incompatible with human rights.
24/06/2025
COMSURE’s Enhanced Open-Source Intelligence (OSINT) Due Diligence investigation – challenges and rewards
24/06/2025
ASK MAT: I’m a Jersey VASP, but I have discovered that I cannot use the Apple Store to operate. Help.
23/06/2025
The Data (Use and Access) Act [DUAA] received Royal Assent, and the ICO prepares to be replaced by the DPIA
23/06/2025
A 3D Perspective on Modern Risk Prioritisation - Visualising the Speed, Impact, and Likelihood of Risk
23/06/2025
MAY 2025 - The SRA's largest fine - £4 million for ‘serious’ and ‘intentional’ misconduct
23/06/2025
Jersey and Guernsey agree on some country risk sources but disagree on what constitutes the source contents!!!
23/06/2025
The US GENIUS Act & Stablecoins & the fear of corrupt actors, kleptocrats, and adversarial regimes
19/06/2025
WARNING -The JFSC AML/CFT/CPF Handbook Consultation pages have been corrected and refreshed on 16/6/2025
17/06/2025
A Jersey accountant is guilty of giving false or misleading information to the tax authorities.
17/06/2025
EEA MiCA-licensed crypto exchanges are being banned in Thailand for failing to prevent AML and fraud
17/06/2025
A former relationship manager at Pictet Bank is convicted of aggravated money laundering.
17/06/2025
COMSURE briefing on the JFSC 2025 thematic report, expectations for compliance monitoring
17/06/2025
The JFSC Consultation on proposed enhancements to the AML/CFT/CPF Handbook has been issued: 12 June 2025
16/06/2025
JFSC webinar on Proposed Enhancements to the AML/CFT/CPF Handbook - Monday 16 June @ 14.30
16/06/2025
ASK MAT: Do I Need a Register of Interests and a Conflicts of Interest Register for My JFSC/GFSC-Regulated Business?
16/06/2025
Comsure Observation Note on JFSC Consultation on Proposed Enhancements to the AML/CFT/CPF Handbook
16/06/2025
A former Nigerian governor shifts property ownership after being arrested for misappropriating public funds.
13/06/2025
Lord Mayor of Leeds and Wife of Nigerian senator in UK money laundering case with NCA & UWO
12/06/2025
Wilton (IoM) Ltd is being investigated for money laundering, which is the focus of litigation.
11/06/2025
The “3LoD” model was formally replaced some time ago by the “Three Lines” model and yes its different!!
10/06/2025
Calculating the US, EU, and UK sanction 50% ownership thresholds: Is it time to let AI do the calculation?
10/06/2025
Evita Investments executive charged with money laundering, bank fraud, and violations of international sanctions
10/06/2025
A UK man is jailed for two years and six months for failing to report suspicious “terrorist” transactions.
08/06/2025
ASK MAT:- how do I integrate material SUSTAINABILITY-RELATED RISKS into my Jersey business operations of 10 employees
07/06/2025
Financial crime typologies from Switzerland, the United Kingdom, and the Asia-Pacific – it’s a Global problem!!!
05/06/2025
$7.74M seized from N. Koreans involved in Illegal IT Worker Schemes, cryptocurrency theft, and money laundering
05/06/2025
Identification and mitigation of ESG (SUSTAINABILITY-RELATED) risks is new for many management teams. However, help is available.
05/06/2025
Huawei bribery scandal: 8 people charged as Belgium asks European Parliament to lift MEP immunities
05/06/2025
UK accountant sanctioned for procuring tankers for Russia through Marshall Islands structures and Dubai finance.
04/06/2025
EBA internal policies, procedures, and controls guidelines are set to be in force from 30 December 2025
04/06/2025
Where do Jersey, Guernsey, IOM and Mauritius sit in the table of financial secrecy - Last updated 3 June 2025
03/06/2025
Ask Mat – I’m running a Jersey accountancy firm, and there are some changes in senior management. What notification is needed to the JFSC, if any?
02/06/2025
ASK MAT - DOES Tony Blair (EX-UK PM) remain a Politically Exposed Person (PEP) even though he has been out of office for 18 years
02/06/2025
Britain Indicted for Alleged Plot to Silence U.S. Dissident and Smuggle U.S. Military Technology to China
01/06/2025
Mauritius FSC issues warning over non-approved share transfers and or officer appointments
30/05/2025
UK sanctions now apply to -Value Dealers (HVDs), Art Market Participants (AMPs), Letting Agents, and Insolvency Practitioners.
30/05/2025
May 30, 2025 - Ex-Goldman banker Leissner sentenced to ONLY two years in prison in 1MDB case
30/05/2025
A JFSC “SUSTAINABLE FINANCE” consultation on enhancements to the Codes of Practice (CoP) and Notes has been issued.
28/05/2025
Zimbabwe is a lower risk (but still high) from a Jersey Appendix D2 perspective. What do you think?
27/05/2025
NCA freezes London properties owned by IOM companies, connected to the ousted Bangladesh leader Sheikh Hasina.
25/05/2025
Mauritius FCC update on money laundering case against Gooljaury and shareholdings in Grand Bay, Bagatelle, and Airport outlets.
23/05/2025
Singapore MAS and ACIP release May 2025 guide on "Best Practices on Source of Wealth Due Diligence"
23/05/2025
14 MAY 2025 - letting agents and private self-managing landlords now face extra AML/CTF checks – sanctions checks
19/05/2025
The Seychelles FSA is implementing a “Code for Corporate Governance” for its Licensees. [effective = 1/1/26]
19/05/2025
The Ministry of Justice (MoJ) was hacked. 2.1 million pieces of data on people who applied to the Legal Aid Agency
19/05/2025
TGP Europe, a company based in the Isle of Man, was fined in the UK (albeit not in the IoM)
19/05/2025
ML CASE STUDIES - Money laundering conviction does not require proof of a specific predicate offence
16/05/2025
FCC questions former director of the Mauritius Tourism Promotion Authority (MTPA) about fund misuse
14/05/2025
Money launderers use GXS Bank, MariBank, and Standard Chartered accounts for their criminal purposes
13/05/2025
The Swiss prosecutor appeals a money laundering acquittal against the defunct Credit Suisse bank.
12/05/2025
Securities issues by Jersey Companies - The board of the Issuer is to include at least one natural person director
12/05/2025
Ask MAT – Mauritius is under US scrutiny for Houthi Sanction Busting. Is the Houthi movement in Yemen a terrorist organisation?
12/05/2025
🕵️ ONE DEAL. ONE MISTAKE. TOTAL MAYHEM (A £5 million fraud Interactive Case Study Workshop)
08/05/2025
JERSEY FREE FINANCIAL CRIME TRAINING – REAL LIFE CASE STUDY PRESENTED BY THE INVESTIGATORS 🕵️ ONE DEAL. ONE MISTAKE. TOTAL MAYHEM (A £5 million fraud Interactive Case Study Workshop)
08/05/2025
Ask MAT: I work in a Jersey TCB, and we have a complaint from a trust beneficiary. Do the JFSC TCSP complaint rules catch this?
08/05/2025
UK financial services firms' biggest cybersecurity challenge = COMPLYING WITH REGULATIONS!!
08/05/2025
The first fine issued by OFSI is on UK-registered Svarog Shipping & Trading Company Limited.
08/05/2025
UK art dealer charged with “FAILING TO REPORT” a suspicion of "terrorist financing" (the first charge ever)
08/05/2025
Jersey cyber security experts warn islanders to protect themselves against deepfake video scams.
08/05/2025
The delayed Mauritius' second National Risk Assessment (NRA) in the AML/CFT is published.
07/05/2025
FCC Mauritius reveal Rs 31.9 million "Employment Bonus" fraud using eight shell companies
06/05/2025
Calls for Criminal Prosecution of CREDIT SUISSE Bankers and Advisors who facilitated $4 BILLION Tax-Evasion Schemes
06/05/2025
A Guernsey bank account linked to a $2 billion tax evasion case and Robert Brockman, a billionaire (now deceased)
06/05/2025
BVI’s Riley Right will help you recognise money laundering and other suspicious activities
06/05/2025
Newly opened bank accounts used to launder £400,000.00 of stolen money from a Jersey business
04/05/2025
Mauritius FCC is investigating MauBank, Silver Bank, STC, MMG, and others for crimes, including money laundering.
04/05/2025
Jersey's local businesses and banks are connected to a drug syndicate that coerced children into a £2 million drug trade.
04/05/2025
Update to the UK Sanctions List: Russian Regime sanctions on Albert Kashafovich Shigabutdinov
02/05/2025
Guernsey FIU’s No-Consent Orders result in Jurats agreeing that the proceeds were not from crime.
01/05/2025
No record of how CONFLICTS OF INTEREST within the STATES OF JERSEY are assessed, documented and evaluated
30/04/2025
ASK MAT: At my 2025 AML training refresher, I was taught about placement, layering, and integration. Is this still correct in 2025?
29/04/2025
ASK MAT - Can a Jersey company be a Relevant Legal Entity (RLE) classified as a Person with Significant Control (PSC) for a UK entity
29/04/2025
Was a Jersey (CI) company linked to the largest-ever WMD-TERRORISM-related forfeiture in the US?
25/04/2025
£3.07 million for security failings - ICO issues its first-ever processor fine under UK GDPR
25/04/2025
Jersey and the UK have lifted asset freezes on Syrian government bodies, including the defence and interior ministries.
25/04/2025
Trust Company -v- Comptroller of Taxes - Failure to comply with Regulation 8(2) Penalty - December 2021
24/04/2025
International shell companies involved in defrauding €4.4 million from an EU subsidy scheme.
24/04/2025
ASK MAT: What are the risks and rewards of the tokenisation of real-world assets, the risk being to investors and the issuers
24/04/2025
Mauritius - wire fraud and money laundering - three charged after an international cyber-fraud network is stopped
22/04/2025
15 money laundering involving BVI business companies (BVIBCs) highlighted in the latest NRA
22/04/2025
The Jersey Government launches a 10-year plan in its Financial Services Competitiveness Programme.
22/04/2025
ASK MAT – I have been asked to be a trustee of a friend's assets, and they are sadly dying. Will I need to be supervised by the JFSC?
22/04/2025
Lebanon indicates former central bank governor Riad Salame with embezzlement, forgery, and illicit enrichment.
15/04/2025
Allegations of Cross-border tax evasion, illegal market servicing and deceptive corporate transfers @ Mansion Group Gibraltar/UK
14/04/2025
The first solicitor ever prosecuted for ‘TIPPING OFF’ is suspended for using the firm’s account as a banking facility.
14/04/2025
OFSI PUBLISH lessons learnt from the £465,000 fine to Herbert Smith Freehills Russian sanctions breach
11/04/2025
NCA secures first convictions for breach of UK sanctions after receiving a Mercedes and £76k gifts 😊
10/04/2025
ASK MAT:- I have had my annual AML/CTF/CPF training, and I’m confused between subjective and objective suspicion
09/04/2025
2016, 2017, 2020 and 2025 the life cycle of a prosecuting a bank and its CEO for money laundering (more 1MBD scalps!!)
08/04/2025
ASK MAT – I have been asked whether my firm has WHALING ATTACK protocols set up. What does this all mean?
07/04/2025
GUERNSEY - FAILURE TO PREVENT OFFENCES [corruption - tax evasion - money laundering - terrorist financing]
07/04/2025
The JFSC executive board is now eight strong after appointing a Director of Finance, Strategy, and Change
04/04/2025
Switzerland harmonises export controls for dual-use goods, particularly in the field of emerging technologies
03/04/2025
The UK add 12 individuals and 1 entity from Russia, Moldovia, Georgia, and Guatemala to its global anti-corruption sanction list
03/04/2025
JFSC Guidance on proving legitimate searches of the Obliged Entity Beneficial Owner Register (OEBO)
02/04/2025
The JFSC Countries and territories in AML/CFT/CPF Handbook appendices updated – 2 April 2025
02/04/2025
JFSC Guidance on proving legitimate searches of the Obliged Entity Beneficial Owner Register (OEBO)
01/04/2025
The KLEPTOTRACE 2025 report on improving the effectiveness of sanctions and high-level transnational corruption schemes
31/03/2025
The UK Financial Intelligence Unit (UKFIU) published its SARs Annual Report 2024 (April 2023 – March 2024)
30/03/2025
UK parliament questions about the effectiveness of sanctions against Russia in the Cayman Islands.
28/03/2025
Using the Post Office, Banks, NBSPs, MSBs, and CRYPTO, Professional enablers help launder £10 billion a year.
26/03/2025
JERSEY/UK sanctioned x4 individuals for human rights abuses during the Sri Lankan Civil War
25/03/2025
FATF Global Partnership for Financial Inclusion (GPFI) guidance & consultation on Recommendation 16
24/03/2025
EXTENDED – JFSC consultation on criminal background checks for principals and key persons
23/03/2025
The JFSC [NEW] Framework for Engaging Regulatory Consultants is in place but not published.
23/03/2025
The Role of the Attorney General as Jersey’s Chief Prosecutor - should it continue in its current form
21/03/2025
JFSC has EXTENDED consultation on criminal background checks for principals and key persons
21/03/2025
UK law firm’s Moscow subsidiary is fined £465k for Russia financial sanction breaches – more to come from the OFSI?
20/03/2025
The JFSC has updated their Guidance on applications to make information unavailable on the public register.
20/03/2025
Russian and Belarusian plywood producers avoiding sanctions by using third-country companies
19/03/2025
UNDERSTAND CRIMINAL NETWORKS.- read “Europol’s EU Serious and Organised Crime Threat Assessment 2025”
19/03/2025
Former head of risk and compliance fined CHF100K over Mozambique's $1.5 billion "Tuna Bond" scandal.
19/03/2025
ASK MAT – X2 Russian designated persons own minority stakes in company – is the company sanctioned?
18/03/2025
ASK MAT - Do non – transactional activities, with Russia sanction person[s] - such as a rent review, carry reporting requirements?
18/03/2025
Do you rent properties? Are you a letting agent? if so, are you managing Russian Sanction Risk?
18/03/2025
Triton v Jersey Competent Authority [11-Feb-2025] - Judicial review - reasons for dismissing the application
17/03/2025
OFSI factsheet guide on UK financial sanctions for high value dealers and art market participants
14/03/2025
ASK MAT:- Why doesn’t the JFSC take regulatory action against supervised persons who commit CRIMINAL OFFENCES or enter DPAs
14/03/2025
The blockers of BOARD EFFECTIVENESS - directors are drowning in information and not being sufficiently prepared
13/03/2025
A Jersey independent complaints body overseeing the JFSC and other PUBLIC SERVICES – is it on its way?
13/03/2025
Judgement published on JERSEYMAN sentenced for offences under the Terrorism (Jersey) Law 2002
13/03/2025
ASK MAT – I AM AWARE OF MY JERSEY FIU “SAR” RESPONSIBILITIES, BUT LESS SO ON SANCTION REPORTING. CAN YOU HELP?
12/03/2025
A $120 million superyacht sold for $40 million—did the Antiguan Gov engage in corruption and self-dealing?
12/03/2025
Seychelles entities linked to money laundering and sanction busting have their licence pulled in March 2025
11/03/2025
JFSC and its 25%, 10% & 1% tests for verification of significant influence or control and HEIGHTENED RISK
11/03/2025
ASK MAT: Do I verify ALL individuals in a legal entity or just those with a THRESHOLD of control (e.g. 25%)?
11/03/2025
JFSC Q4 2024 Registry Supervision Inspection findings, Best Practice and JFSC 2025 TCSP plans
10/03/2025
Mauritius 2025 – multiple cases of money laundering, fraud, corruption, and other high-level criminal activities being investigated
10/03/2025
The Isle of Man government responds [7/3/25] to allegations of MONEY LAUNDERING (and worse).
09/03/2025
UK charges of BRIBERY and MISCONDUCT - Former Liverpool mayor JOE ANDERSON, city politician DEREK HATTON and ten others
07/03/2025
A tale of corruption and financial misconduct involving:- Danske Bank, Citadele Bank, EBRD & its Latvian subsidiary
07/03/2025
JFSC Registry Supervision guide for JERSEY a nominated person, a director, OR secretary of an appropriate entity
07/03/2025
ASK MAT:- I have been aware of Jersey’s intermeddling offence when dealing with probate matters – but I’m unclear on the risks
07/03/2025
ASK MAT – Do I have to register a Jersey foundation with the Jersey Financial Services Commission (JFSC)?
06/03/2025
UK corporate criminal liability will extend the ‘identification doctrine’ reform in ECCTA from ECONOMIC CRIME to all CRIME (maybe).
06/03/2025
James Stunt is innocent while four others are guilty of laundering over £200 million of criminal money.
04/03/2025
JFSC Register of approved Operators (uncertificated securities) last revised: 03 March 2025
03/03/2025
SECURITY ISSUERS – JFSC DEAR CEO says following recent incidents, it will not be sympathetic
03/03/2025
Jersey’s three significant legal and regulatory changes in 2022 and 2023 and one failure in 2024.
03/03/2025
ASK MAT: I work in Jersey for an SME and need to map my data for GDPR purposes. Where do I start?
28/02/2025
ASK MAT: how does a Customer Risk Assessment (CRA) determine whether my customer is involved in illicit activities such as money laundering
27/02/2025
ASK MAT: Must I treat all PEP customers and controllers as a HIGH RISK of money laundering and other financial crimes
27/02/2025
BVI/JERSEY structures linked to Tulip Siddiq and Bangladesh’s investigation into misappropriated billions of pounds
26/02/2025
Elvis Presley’s Graceland is nearly sold to a fake company using forged documents and false court filings.
26/02/2025
Feb 14-24 - UK announces most extensive sanctions package against Russia since 2022, along with other changes
25/02/2025
ID&V duties of a “Companies House Authorised Agent” (CHAA) or “Authorised Corporate Service Provider” (ACSP)
24/02/2025
The JFSC has issued its guidance notes on accessing its Obliged Entity Beneficial Owner Register (OEBO Register)
23/02/2025
Jersey reinstatements of Jersey companies struck off the register – positive changes in the Royal Court Amendment Rules 2025.
21/02/2025
FCA £1.6m fine for failings in cum-ex trading/circular trading for WHT avoidance (FINANCIAL CRIME)
20/02/2025
The first wave of reporting entities under the Corporate Sustainability Reporting Directive (CSRD)
20/02/2025
Supreme court judges reject Reeves’ motor finance intervention to curb a potential £44bn bill for lenders
19/02/2025
Mauritius - The Financial Services (Framework for imposing Administrative Penalties) (Amendment) Rules 2025.
19/02/2025
ASK MAT – Following US President Trump’s suspension of the FCPA, what you see as the immediate consequences
19/02/2025
ASK MAT: My EWRA / FWRA is split between CAUSAL, INHERENT, and IMPACT risk categories. Why is this categorisation important?
19/02/2025
The former governor of the Bank of Mauritius was charged with conspiracy to commit fraud in January 2025
18/02/2025
Financial Services (Disclosure and Provision of Information) (Jersey) Amendment Law 2025 - Articles 8A to 8C have been inserted.
16/02/2025
Guernsey and other risky jurisdictions highlighted in the OFSI SANCTION threat assessment
14/02/2025
A solicitor with an “implacable belief that he was RIGHT” is fined £45K(+£60k costs) for being WRONG.
14/02/2025
End of February 2025 – The ACCESSING PARTY to the JFSC OEBO register can create their JFSC account
13/02/2025
JFSC & the 2024 Corruption Perceptions Index (CPI) publication and your Country Risk Assessment
11/02/2025
JFSC FEB 14/18 WORKSHOPS ON:- Obliged Entity Beneficial Owner register, legislation, and access [SOLD OUT]
10/02/2025
Jersey Obliged Entity Beneficial Owner register - ACCESSING PARTY (start set-up end of FEB 2025)
10/02/2025
HSBC uncovered potentially suspicious transactions within Stenn that collapsed in December 2024
10/02/2025
ASK MAT: Was the JFSC correct in criticising JERSEY POST LIMITED for not having a formally approved ToR for its board
09/02/2025
Jersey Royal Court to hear the case against a PRO-PALESTINE activist charged under the Terrorism (Jersey) Law
09/02/2025
ASK MAT: Was the JFSC correct in criticising JERSEY POST LIMITED for not having a formally approved ToR for its board
07/02/2025
ASK MAT – My boss wants to rely on Google alerts for our AML customer screening; what are your thoughts
06/02/2025
In a Swiss landmark case, the ex-Trafigura boss is convicted of bribery connected to Angola
05/02/2025
JFSC Consult on enhancements to criminal background checks for principal and key persons [29/01/25]
29/01/2025
FCA report on money is muling, and the criminal misuse of the financial system facilitates fraud.
23/01/2025
Jersey campaigner is charged with “inviting support of a proscribed organisation” under the Terrorism (Jersey) Law
22/01/2025
[NEW] Authorised Corporate Service Providers (ACSPs) to register at the UK companies' house.
22/01/2025
ASK MAT: My customer regularly buys/sells artwork. What additional CDD [EDD] can I undertake?
21/01/2025
SFO secures first-ever UWO to investigate a £1.5m Lake District property linked to a £100m fraud.
18/01/2025
OCCRP’s 2024 Lifetime NON-Achievement Award & RUNNER UP & WINNER OF PERSON OF THE YEAR IN ORGANIZED CRIME AND CORRUPTION
17/01/2025
A head of the police’s anti-money laundering unit has been charged with money laundering and corruption.
16/01/2025
ASK MAT: My firm has just opened in Guernsey. Can you tell me about the GFSC’s approach to risk management?
15/01/2025
A wide-ranging investigation into possible tax violations by customers of Trident Trust Group has started.
14/01/2025
A Corporate Services Provider helped a PEP who was found guilty of a narcotics supply operation on the darkweb.
14/01/2025
ASK MAT – as a GIMB business, am I required to be licenced by the JFSC under the Proceeds of Crime Law
14/01/2025
Greentube Alderney Limited to pay £1m for regulatory failures @ ADMIRALCASINO.CO.UK [09 January 2025]
10/01/2025
Jersey businesses are urged to bolster their digital defences against Russian cyber-attack threats.
06/01/2025
''Reasonable cause to suspect” – what does it mean? Two key judgments on sanctions compliance
05/01/2025
Fraudulent trading - Amicorp Group and its CEO, Toine Knipping, hit with a second BVI lawsuit.
02/01/2025
City solicitor fined £27,500 over AML compliance failings. After another firm blows the whistle
02/01/2025
JFSC Money laundering and terrorist financing risk data 2019 - 2023 analysis - TRUST COMPANY BUSINESS
01/01/2025
JFSC Money laundering and terrorist financing risk data 2019 - 2023 analysis - INVESTMENT BUSINESS
01/01/2025
DISTRIBUTED LEDGER TECHNOLOGY (DLT) a corporation saviour? Are there limitations? If so, what?
31/12/2024
2024 in Review: 10 Investigations Exposing Sanctions Evasion, Forced Labor and Global Security Threats
31/12/2024
“Operation Destabilise” – money laundering in Jersey, London, Moscow, Dubai and elsewhere.
31/12/2024
McKinsey's $650M Settlement with DOJ: A Watershed Moment in Corporate Liability for Consulting Firms
31/12/2024
OCCRP announces its 2024 Crime and Corruption Person of the Year and Lifetime Non-Achievement Award. 🏆
31/12/2024
The FCA charged John Dance with 9 criminal offences, including multiple fraud and money laundering counts.
27/12/2024
Fraudulent trading - Amicorp Group and its CEO, Toine Knipping, hit with a second BVI lawsuit.
25/12/2024
SFO charged five men, including two solicitors for improper use of over £60 million of client money 🚨
20/12/2024
Jersey's first Deferred Prosecution Agreement (DPA), Afex Offshore, was also fined £408k + 60k AG costs.
18/12/2024
Where is Bashar Assad's money? An international hunt for the deposed ruling family's assets is on
18/12/2024
Guernsey Court Refuses Providence [Ponzi scheme] Directors a Privacy Request for their Appeal
16/12/2024
JFSC's annual return is to include BOs and controllers, significant persons, and members. Know the difference?
15/12/2024
Mauritius FSC GUIDELINES FOR THE DETERMINATION OF COMPLETENESS OF AN APPLICATION FOR A LICENCE
12/12/2024
Lombard Odier Bank and a former employee were indicted in Switzerland for aggravated money laundering.
02/12/2024
£59 billion of suspicious funds purchase UK properties through Britain’s Overseas Territories
29/11/2024
Company director jailed for money laundering operation along with his HMRC collaborator wife
29/11/2024
Safe Hands funerals collapse: JERSEY COURT freezes funds pending the outcome of SFO criminal investigation.
28/11/2024
FCA's upcoming FINANCIAL CRIME 5-year strategy…its all about data, technology and prosecutions
28/11/2024
The JFSC has published its action plan [x25 actions] in response to Jersey’s 2024 MONEYVAL Mutual Evaluation Report.
28/11/2024
RUSI 'Guide to Conducting a National Proliferation Financing Risk Assessment' threats, vulnerabilities, and consequences.
26/11/2024
Damning report on the REGULATOR is out – verdict includes "INCOMPETENT AT BEST, DISHONEST AT WORST",
26/11/2024
IOM FSA fined HSBC Bank PLC IOM Branch ("HSBC") £293,930.00 (after discount) for two payment errors
26/11/2024
BANK OF MAURITIUS - Guideline on Compliance Risk Management and Governance Framework [November 2024]
25/11/2024
Proliferation financing (PF) & weapons of mass destruction (WMD) risks associated with specific countries.
25/11/2024
JERSEYGOV November Consultation on Crypto-Asset Reporting Framework, amendments to CRS & AEOI
25/11/2024
A British businessman violates Russian sanctions by selling luxury perfume but is not punished.
24/11/2024
How many UK-sanctioned monetary penalties have been issued since the Russia-Ukraine conflict?
24/11/2024
The Wolfsberg Group’s Country Risk FAQs are indispensable for financial institutions (FIs)
21/11/2024
The UK SFO investigating suspected bribery and corruption at Thales, the aviation and defence electronics group.
21/11/2024
Jersey police arrest Palestine campaigner arrested under Jersey terrorism law [15 November 2024]
18/11/2024
Money launderer sentenced to 5 years after theft of 120,000 bitcoin from a global crypto exchange.
15/11/2024
🚀 Comsure Jersey offers in-house training for the "Digital Operational Resilience Act" (DORA) Foundation Certificate! 📚✨
15/11/2024
NCA reveals Luxembourg bank's role in moving embezzled Azerbaijani funds into British real estate.
13/11/2024
What lessons can be learned from Guernsey and Jersey's recent public statements and fines?
13/11/2024
Guernsey HM Procureur issues Code of Practice on Deferred Prosecution Agreements - April 2024
11/11/2024
Switzerland - Two men charged with money laundering Funds and gold worth millions moved across borders.
08/11/2024
JFSC issues public statement regarding Jersey Post Limited for serious regulatory contraventions
08/11/2024
Guernsey Law Officers assisted the UK NCA in the first UWO, which involved a golf club in Ascot and a house in Knightsbridge.
08/11/2024
Guernsey Law Officers co-operate with USDJ on 1MDB, the billion-dollar Malaysia corruption case.
08/11/2024
Arrested for Allegedly Conspiring to Violate Venezuela-Related Sanctions through Complex Global Arrangements
07/11/2024
$1 billion laundered through a complex network of countries, shell companies and offshore bank accounts – lessons learned?
04/11/2024
🚨 IMPORTANT UPDATES🚨 shared crucial insights on the regulatory framework for DNFBPs and VASPs.
03/11/2024
Signatures for Sale: How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners
01/11/2024
Ben Shenton again raises an important issue in his JEP about Jersey and, in this instance, its capital, St Helier.
01/11/2024
Mauritius suspends social media until after election amid wiretapping scandal - November 1, 2024
01/11/2024
The UK removes a licensing ground for sanctioned trade services under the Russian regime.
01/11/2024
UK court says:- that car dealers must explicitly disclose the commissions they receive from finance lenders.
31/10/2024
£21bn Payout for Motor Finance Mis-Selling Victims following a Landmark Court of Appeal Ruling?
31/10/2024
UK Companies House – 1st Strategic Intelligence Assessment Highlights Red Flags of Crime.
31/10/2024
The UK, EU, and Canada have imposed new sanctions targeting the MYANMAR military regime and its associates.
30/10/2024
Convicted of Conspiring to Export US-Made Drill Rigs to Iran in Violation of US Sanctions Laws
30/10/2024
Volkswagen Finance £5.4m FCA Fine for failing to treat its customers in financial difficulty fairly.
30/10/2024
30 Sept 2024 - worldwide freezing injunction against the assets of Ms Dos Santos remains.
30/10/2024
Understanding who meets the threshold of Senior management in a Jersey JFSC-regulated/supervised firm.
29/10/2024
A top UK tax lawyer is charged with evading taxes. This is the first case of its kind against a KC.
29/10/2024
Briefing on Legal Remedies for Victims of Fraud Involving Immutable Blockchain Transactions in Jersey
25/10/2024
Guernsey prohibit Mr Stephen Paul Dewsnip from performing any function on behalf of a regulated entity
25/10/2024
WATCH - Saifuzzaman Chowdhury's half-billion-dollar property empire built on a $13,000 salary.
24/10/2024
Airbus Kept in Touch With Middleman on Controversial Kuwait Helicopters Deal as Bribery Probe Unfolded
24/10/2024
Russell King - The Trillion Dollar Conman: The Astonishing True Story of the Most Audacious Fraud in Sport – the book is out
24/10/2024
JERSEY DIRECTOR'S DUTIES TO PREVENT AND DETECT FINANCIAL CRIME – NOT ALL DIRECTORS ARE EQUAL!!
23/10/2024
A Julius Baer private banker is set to plead guilty to abetting in a S$3 billion money laundering case.
23/10/2024
A Bangladesh PEP has $500m worth of property despite a $13,000 PA salary & $12,000 CCY controls.
23/10/2024
The JFSC “Dear CEO: Cyber Security Reminder to Businesses” industry [2016 – still relevant]
20/10/2024
GFSC issue £105,000.00 fine on Zedra Trust Company (Guernsey) Limited and Mr Colin Andrew Borman
15/10/2024
Jersey’s Deputy Ian Gorst says, ‘I want us to get back to having a regulator that can advise’.
14/10/2024
TD Bank Pleads Guilty to Bank Secrecy Act and Money Laundering Conspiracy Violations in $1.8B Resolution.
14/10/2024
A Sanctioned person transfers their assets into trust – are they now out of scope for sanction freezes?
14/10/2024
Compliance function: Key Persons Regime GREEN PAPER Issued on 11 October 2024 & closes 6 December 2024.
12/10/2024
JERSEY and the JFSC understanding sustainable finance & anti-greenwashing code of practice.
10/10/2024
8 October 2024: EUs new sanction regime allows it to address a variety of Russian hybrid threats.
10/10/2024
JFSC Q2 Registry Supervision Inspection Programme feedback – including GOOD AND BAD observations.
09/10/2024
Court date set for 1st June 2027 for Glencore’s former employees for alleged corrupt payments.
09/10/2024
The largest money laundering prosecution brought before a British judge is happening now October 2024
08/10/2024
🚀 Exciting news for all newly JFSC registered Non-Executive Directors (NEDs) in Jersey! 🌟
08/10/2024
Following a three-day JEP expose Ben Shenton shares his own thoughts and experiences on the JFSC.
07/10/2024
An overview of the JFSC 2023 examination feedback on countering the financing of terrorism and proliferation financing [“TF/PF.”]
04/10/2024
Understanding the New UK Banking Regulations on Fraud – Are you and the banks prepared for October 7?
04/10/2024
Ben Shenton – JEP – article on “Vulnerability affects people of all backgrounds. Income hardship can affect those not on benefits.”
03/10/2024
The first of a multi-part series by JEP investigations into the Jersey Financial Services Commission
03/10/2024
The EU has its own Magnitsky [human rights] sanctions, like those in the US, Canada and UK
03/10/2024
OECD 2018 guidance on 'golden passport' tax abuse and FIs raising further questions.[EDD]
03/10/2024
JFSC 2023 examination feedback on countering the financing of terrorism and proliferation financing [“TF/PF.”]
03/10/2024
CJSC Alfa Bank Belarus (Unique ID: BEL0166) added to the UK Sanctions List: Belarus Regime -
03/10/2024
JERSEY/UK SANCTION UPDATE - a detailed update on UK sanctions news for September and October 2024 [up to the 2ND]:
02/10/2024
OFSI has issued its first FINE for breaches of sanctions imposed in response to Russia’s full-scale invasion of Ukraine.
02/10/2024
IFCs linked TO Pig Butchering Scams being indited by the SEC Charges - 3 Individuals, 5 Companies charged
01/10/2024
Guilty of using a JERSEY BANK ACCOUNT to hide money obtained through tax fraud in the UK.
29/09/2024
An ex-partner is fined while the city law firm is cleared of breaching money laundering regulations.
29/09/2024
Comsure’s Jersey ANTI-FINANCIAL CRIME [AFC*] and effectiveness training last QTR. 2024 and into 2025🚀
29/09/2024
Comsure’s Jersey ANTI-FINANCIAL CRIME [AFC*] and effectiveness training last QTR. 2024 and into 2025
27/09/2024
JPMorgan Chase and HSBC facilitated transactions to Russian warlords sanctioned since 2016
27/09/2024
Sanctions Explorer is a project. A source of all current and historical sanctions across all major sanctioning authorities
27/09/2024
The JEP wants your thoughts about the Jersey Financial Services Commission [JFSC] [complete the survey]
25/09/2024
British American Tobacco 2023 fine the largest fine against a non-financial institution in OFAC’s history
25/09/2024
Following policies and procedures alone does not [necessarily] demonstrate an organisation's culture:
25/09/2024
“Preparing for a regulatory visit?” – how to ensure a smooth and successful examination with the right approach.
25/09/2024
OPBAS says that some professional body supervisors (PBSs) are ineffective in stopping financial crime.
24/09/2024
Is proliferation financing a money laundering offence, a terrorist offence, or a standalone offence?
23/09/2024
GFSC Approach to Risk-based Supervision – workshops so you understand the mechanics of the GFSC.
18/09/2024
EU interprets the ‘close family member’ criterion and maintains Mordashova’s Russia sanctions listing.
17/09/2024
Capital International Limited (‘CIL’) was fined £119,596 by IOM FSA for failings in AML/CTF/CPF.
17/09/2024
Crypto Queen - Follow the money - Fenero described the payment as a "loan for CryptoReal."
16/09/2024
FCA enforcement data shows a sharp increase in s.166 retail & consumer protection reviews.
13/09/2024
Is the UK effective in detecting and preventing the use of financial crime? Two recent cases suggest it is not.
12/09/2024
JERSEY – as of 10TH Sept 2024, 'LOW-RISK DIRECTOR' is defined in law, and exemptions are applied.
12/09/2024
Strawmen from Cyprus, Slovakia, and the EU were involved in €30ml VAT fraud and money-laundering schemes.
12/09/2024
An associate of former Maltese Prime Minister is indicted in Cyprus for corruption, bribery, and money laundering.
12/09/2024
In Jersey, there is no statutory protections for whistleblowers – but it may be here in Dec 2024!!.
11/09/2024
Financial Services (Disclosure and Provision of Information) (Jersey) Amendment Law 202- Adopted by the States 11 September 2024
11/09/2024
Diligencia 10th September 2024 - Middle East & Africa Corporate Intelligence Briefing 'Making the Invisible Visible'
10/09/2024
Six former Glencore employees appear in court charged with bribery offences [10 September 2024]
10/09/2024
Whistleblowing to the JFSC - The JFSC has updated its whistleblowing page on its website.
09/09/2024
Does an EU notary or an interpreter infringe the prohibition on providing legal advisory services to a legal person established in Russia? NO
06/09/2024
A US$2.1m fraud recovery case is a timely reminder to check the legitimacy of agreements and documents.
06/09/2024
AI is trying to scam Channel Islanders – watch out, be careful, and report if there is an incident.
06/09/2024
SMEs are increasingly becoming a prime focus for cybercriminals. The strategic importance of good cyber hygiene
04/09/2024
JERSEY LOW-RISK AML NOW IN THE LAW = Director [less TCB directors], the COOP, and Crown & Anchor
04/09/2024
IN THE BALANCE, RIGHT? "The power dynamic between the inspector and those being inspected."
03/09/2024
Terrorist-linked individuals banned from travelling to the UK and Jersey (Guernsey not mentioned!!)
02/09/2024
“Big firm” executives are rarely held accountable for economic crime, financial wrongdoing, and/or regulatory breaches.
01/09/2024
Trade finance fraud: The intricate web of balance sheets, fragmented information, and human biases
19/08/2024
Complimentary CPD Briefing on gathering corporate intelligence in the Middle East & Africa
18/08/2024
BVI and Gibraltar facilitated offshore tax scams that resulted in 2 years imprisonment for UK developers
18/08/2024
Comsure financial crime conference AUG 30TH - meet the speakers - Associate Professor (Dr) Sheeba Armoogum (Ph.D in Cybersecurity)
15/08/2024
$2.3 billion in dollar and euro bills have been shipped to Russia since March 2022 ban following the invasion of Ukraine,
15/08/2024
Former Finance Minister Guilty of Participating in $2 Billion Fraud, Bribery, and Money Laundering Scheme
11/08/2024
Cyprus Co helps Belarus entity move agricultural fertilizers to Russia in breach of EU sanctions.
11/08/2024
Guernsey linked to Zamira Hajiyeva’s £10 million golf course named in the UK NCA civil recovery action
11/08/2024
How Russian Hackers Stole Millions from U.S. Investors — Putin's Trader [Video Documentary]
06/08/2024
Oct 2024 – one-day workshop for Jersey business owners and leaders to transform their business success.
05/08/2024
UK updates guidance on export controls applying to unpublished/published academic research
05/08/2024
The UK SFO charged five former Glencore employees with conspiring to make corrupt payments.
01/08/2024
Mauritius AML Miscellaneous Provisions Act introduced in the National Assembly on 2 July 2024
29/07/2024
FCA fined Coinbase £3.5mn for providing payment services to more than 13,000 “high-risk” customers.
25/07/2024
Jersey - The results of the second consultation on the draft Cyber Security (Jersey) Law have been published.
25/07/2024
JFSC Guidance Note: For what comprises “Advice” as opposed to “Arranging” in the context of Trust Company Business [Jan 2024]
25/07/2024
Complimentary CPD Briefing on gathering corporate intelligence in the Middle East & Africa
25/07/2024
2024 MONEYVAL Report: Jersey among Top 10 jurisdictions worldwide for FATF Compliance (but Stuff Still to do)
24/07/2024
Sanctioned for human rights abuses, including “systematic and widespread sexual and gender-based violence”:
24/07/2024
The JFSC welcomes Jersey’s strong MONEYVAL outcome and Government of Jersey’s strategic review
24/07/2024
FCA SAYS 18% of financial services and over 30% of accountancy firms are non-compliant with AML/CTF RULES
23/07/2024
Complimentary CPD Briefing on gathering corporate intelligence in the Middle East & Africa
23/07/2024
Complimentary CPD Briefing on gathering corporate intelligence in the Middle East & Africa
22/07/2024
JFSC welcomes a new Executive Director of Policy, Innovation and Marketing & Communications.
17/07/2024
GFSC issues fines totalling £431,900.00 along with prohibitions on x3 officers holding a supervised role.
12/07/2024
GFSC issue £431,900.00 fines to Trident Trust Company (Guernsey) Limited + Directors + MLRO/CO
11/07/2024
Trusts (Jersey) Law 1984 consultation paper seeking input on proposals to make amendments.
11/07/2024
UK NCA applies for PROCEEDS OF CRIME forfeiture order of PETR AVEN cash after alleged sanctions breach.
10/07/2024
5 out 6 UK political parties ignore laws meant to stop improper influence by foreign donors
05/07/2024
Monitoring for Suspicious Activity [SARs/STRs] in line with the Wolfsberg Factors from 2019
01/07/2024
Blockchain for derivatives trading or inter-bank money “transfers” – its not as easy as you think!!
25/06/2024
Chinese money launderers are facilitating international drug traffickers, like Mexican cartels and the Italian mafia.
25/06/2024
JFSC examinations feedback - suspicious activity reporting obligations – findings and best practice
24/06/2024
JFSC examinations feedback - suspicious activity reporting obligations – findings and best practice
24/06/2024
JFSC examination feedback on DNFBP SAR obligations [accountants, online casino, estate agents and lawyers]
24/06/2024
Jersey government recommends using and applying the OECD guidelines for multinational enterprises.
21/06/2024
FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations.
18/06/2024
Mauritius Financial Crime Prevention & Detection FREE webinar on June 13, 2024, you are invited.
11/06/2024
CASE STUDY & RED FLAGS- IRGC HONG KONG front company trades with PRC, Russia, and Syria IN $$$
09/06/2024
Brutus claims Standard Chartered transacted $100 billion with Iranians, terrorists, and other undesirables.
06/06/2024
Brutus claims Standard Chartered transacted $100 billion with Iranians, terrorists, and other undesirables.
05/06/2024
THE EVOLVING LANDSCAPE OF JERSEY TRUST LAW [Equiom Trust (CI) Limited, re Estate of Constantin Mattas]
29/05/2024
Moneyval update from Jonathan Groom MBA - Financial Crime Leader & Intelligence Executive
23/05/2024
BILL BROWDER tells the UK Parliamentary Select Committee WHY Sanctions against Russia are not working
16/05/2024
Aborted asset-swap deal at Austria’s Raiffeisen Bank International (RBI) leads to US sanctions.
16/05/2024
JFSC Dear CEO: The role and responsibility of the JFSC to combat financial crimes. [03 March 2011/16TH April 2024]
15/05/2024
The JFSC - Estate agency to be questioned on employee AML/CFT/CPF training - COMPLY BY 23:59 on 30 June 2024.
15/05/2024
Mauritius Financial Crime Prevention & Detection FREE webinar on June 13, 2024, you are invited.
13/05/2024
Financial Conduct Authority's [FCA] "Financial Crime Guide" handbook ( May 2024 release no.36 )
13/05/2024
Pilots and flight attendants charged with “FAILING TO REPORT A CRIME” and "MIGRANT SMUGGLING",
03/05/2024
UK OFSI Guidance on penalties for FINANCIAL SANCTIONS breaches & the effect of a UK Nexus.
02/05/2024
UK Regulations: consumer connectable product security – its all about digital/cyber trust
29/04/2024
JFSC may increase fees by 6% for the Insurance Business, Investment Business, and Funds [Inc.AIF and AIF.SB/ CoBO / QSMA]
28/04/2024
JFSC may increase fees by 6% for the Insurance Business, Investment Business, and Funds [Inc.AIF and AIF.SB/ CoBO / QSMA]
26/04/2024
Jail for organised crime group laundered more than £12 million of criminally obtained cash.
23/04/2024
Jane Platt CBE has been appointed as the new Chair of the JFSC and Helene Narcy as a new Commissioner.
21/04/2024
New JFSC guide [April 2024] to submitting financial statements and associated documents on myJFSC
19/04/2024
JFSC update - Submitting financial statements to the JFSC? Don’t forget to validate your data.
19/04/2024
A joint investigation reveals how the mafia allegedly infiltrated two major Canadian banks.
18/04/2024
JFSC release Enforcements statistics for 2018-2023 plus Regulatory & AML issues present in the cases
15/04/2024
TikTok referred to AML authorities after lying to regulators and links to terrorist funding.
15/04/2024
I am a non-Jersey resident who is director of a Jersey company – Am I supposed to register with the JFSC?
12/04/2024
Mauritius: The Financial Crimes Commission Act – a new legal framework to combat financial crimes.
04/04/2024
PKB PRIVATBANK SA - convicted of criminal liability in connection with USD 20 million money laundering case
04/04/2024
Singapore’s largest money laundering case - accused gets 6 new charges for submitting forged statements to Swiss bank.
28/03/2024
Singapore’s largest money laundering case - accused gets 6 new charges for submitting forged statements to Swiss bank.
28/03/2024
EXCEL MADNESS - Formula 1 chief appalled to find team using Excel to manage 20,000 car parts.
21/03/2024
Are you a Jersey Operators of Essential Services (OES)? If so check out the draft JERSEY CYBER DEFENCE LAW
12/03/2024
SDT 'Dismisses' Dentons AML case after the SRA is accused of taking a revisionist approach.
11/03/2024
JERSEY's new cyber security law targets “financial services” and other “essential services” [OES].
11/03/2024
There must not be one rule for one and not the other….government departments cannot be above the rule of law.
10/03/2024
Wolfsberg Principles for Using Artificial Intelligence and Machine Learning in Financial Crime Compliance
07/03/2024
The JFSC issues a public statement about a LOSS OF DATA [vulnerability] in its Company registry.
07/03/2024
Consumers value DIGITAL TRUST and will take their business elsewhere when companies don’t deliver it.
04/03/2024
Paying ransoms in the context of cyberattacks, particularly ransomware, is wrong, isn’t it?
04/03/2024
Mauritius - Silver Bank Auditor suspended for filing an AML “STR” linked to Prateek Gupta
29/02/2024
The JFSC are reviewing its fees and wants your input and feedback - register by 1st March [tomorrow]
29/02/2024
HSBC, MCB and SBM charged in Mauritius with money laundering offences from 20 years ago!!!
29/02/2024
NCA and border force seize 5.7-tonnes of cocaine (value £450 million.) concealed in bananas.
25/02/2024
JFSC Company Registrar report - 1 October to 31 December and annual reflection for 2023. [highlights]
25/02/2024
SAR/STR results in two bribery convictions including a former Chief of Staff to the Madagascan President
23/02/2024
Directors of multi-jurisdictional structures must diligently manage the risk of facilitating tax evasion.
23/02/2024
The Royal Bank of Scotland International Limited is fined £1,440,481.00 by IOMFSA for AML fails.
15/02/2024
EX-BANKER pleads guilty to assisting high-risk bank customers evade bank’s anti-money laundering controls.
13/02/2024
Swiss regulator files 16 criminal complaints of unauthorised portfolio managers and trustees
08/02/2024
GFSC fined Mr Karam £10,000 and banned him for x2 years for recklessly making false and/or misleading statements.
08/02/2024
JFSC Industry update - Independent Review – JFSC funding model and fees [06 February 2024]
06/02/2024
“29” new questions added to the 2023/24 JFSC Supervisory Risk Data request [deadline 31 May 2024]
22/01/2024
Jersey seizes $9 million that was stolen by corrupt Nigerian officials and hidden in Jersey from 2014
15/01/2024
JERSEY issues another high-risk country list – countries suspected of facilitating terrorist financing.
08/01/2024
UK Open consultation on the Transparency of land ownership involving trusts, Published 27 December 2023
03/01/2024
IOM FSA sanctions a Head of Compliance & MLRO for lack of integrity in the “individual’s private life.”
03/01/2024
Jersey - Criminal Offences (Jersey) Law 2009 – out of sight but should not be out of mind.
02/01/2024
BNP Paribas, and Cypriot firm, TCR International Limited, named in money laundering probe
27/12/2023
Crown Dependencies publish commitment to increase accessibility to company beneficial ownership information
13/12/2023
“BANQUE PICTET” to be fined $122.9 million for hiding $5.6> billion in 1,637 Swiss bank accounts.
05/12/2023
The Jersey Data Protection Authority Issues a public statement against JRSY Laser Limited
05/12/2023
The UKs Economic Crime Supervision is hosting x3 AML risk assessment webinars [6-8 December]
24/11/2023
Jersey ducks a crypto bullet after Binance admits to money laundering and agrees to pay $4.3bn
23/11/2023
BNP Paribas, Crédit Agricole, BPCE and Axa benefiting from the proceeds derived from illegal deforestation [money laundering]
23/11/2023
Global enforcement fines amounted to USD 5.65 billion in Q3 2023, growing by 30% since the beginning of the year.
22/11/2023
Cayman Islands VCE (“Binance”) pays OFAC fine of $968,618,825 for multiple criminal actions.
22/11/2023
Dodgy transactions from Zimbabwe to London via Mauritius, Cayman and aided and abetted by layers, banks & others
15/11/2023
Jail for director of a S’pore firm that shipped more than S$6 million in luxury goods to North Korea [2019]
01/11/2023
GUERNSEY Sanctions Notice - Russia (Designated Person Asset Reporting) – data submission by 24 November 2023.
01/11/2023
2023 Risk data collection consultation paper for the risk data collection exercise, beginning in February 2024.
31/10/2023
A Jersey money laundering conviction after corruption red flags were missed.[2021 case revisted]
28/10/2023
Every single Russian state-owned entity should be treated as being sanctioned, in Jersey and the UK?
27/10/2023
Recent [2020] Jersey money laundering case is a good reminder about what happens when you miss a RED FLAG
27/10/2023
Does the Jersey Evening Post [JEP] have a SANCTIONS problem because of a Russian data collection company?
26/10/2023
Guernsey introduces the Offence of failure of commercial organisations to prevent bribery.
25/10/2023
WorldBank Lessons Learned from the First Generation of Money Laundering and Terrorist Financing Risk Assessments
23/10/2023
UK authorities were criticised for failing to prosecute financial crime enablers and wealthy tax cheats.
20/10/2023
Seychelles denounces EU Council’s decision to add it to Annex I of its list of non-cooperative jurisdictions for tax purposes.
20/10/2023
An Immunefi analyst told Decrypt that bad actors target blockchains where “more funds are at stake and the activity is high.”
16/10/2023
Double jeopardy as FCA fines Equifax for role in cyber breach after a long-running investigation.
16/10/2023
UK privy council considers election petition concerning Mauritian national assembly election & offence of ‘bribery’, and freedom of expression
16/10/2023
Eleven arrested in connection with JPEX, the unlicensed crypto platform, and a $ 192 million fraud.
05/10/2023
Jersey directors - six days and counting – register or risk imprisonment for up to 7 years and/or a financial penalty.
25/09/2023
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]
20/09/2023
The JFSC ask - Why is it essential for all businesses to carry out a Business Risk Assessment?
17/09/2023
First Criminal Resolution Involving the Illicit Sale and Transport of Iranian Oil in Violation of U.S. Sanctions
11/09/2023
Arranging in Jersey - sophisticated and high net worth investors out of the scope of the legislative changes.
11/09/2023
11 Individuals have been added on the 7th September to the Jersey Financial Sanctions: Cyber list
09/09/2023
FCA speech on Black bin liners stuffed with £700,000, PPE fraud, and a widow in romance scam.
08/09/2023
FCA assessment of SANCTION SCREENING systems and controls in financial services firms [6/9/2023]
07/09/2023
FCA speech on Black bin liners stuffed with £700,000, PPE fraud, and a widow in romance scam.
07/09/2023
JFSC found x10 findings identified in 2022 Beneficial Ownership and Control Thematic Examinations
01/09/2023
The JFSC has released its latest Thematic Examination report – the latest being on “Beneficial Ownership and Control”[BOC]
01/09/2023
Updated JFSC Guidelines for trustees and private trust companies to be issued on 8 September 2023
01/09/2023
Guide to Anti-Money Laundering Services Provider [AMLSP] Application tips and key provisions
23/08/2023
A Comsure workshop [20.9.2023] on the real-world impact of AI, showcasing powerful tools like ChatGPT
21/08/2023
Judge freeze Assets in an alleged $ 11 million fraudulent and money laundering case in Mauritius
21/08/2023
The CoinsPaid Hack Explained: We Know Exactly How Attackers Stole and Laundered $37M USD – lessons learned
21/08/2023
GUERNSEY's new directorship rules for those using the up to "six-directorships' exemption
15/08/2023
JERSEY, the U.S., United Kingdom and Canada sanction the Former Lebanese Central Bank Governor of Lebanon
13/08/2023
Fronts, Fakes, and Façades - South African and Mauritian Enablers Move Millions From Zimbabwe to Britain
06/08/2023
Jersey update for Directors on anti-money laundering and countering the financing of terrorism
04/08/2023
EU- SARS/STRs - How useful are they when ONLY 1.1% of the criminal profits are confiscated.
04/08/2023
Financial Action Task Force (FATF) [e.g. MoneyVal] mutual evaluation process – how it works?
03/08/2023
JERSEY Financial Sanctions Notice: Sanctions and Asset-Freezing (Amendment No. 3) (Jersey) 2023
03/08/2023
A German bank's unknown Jersey structure made transactions with no legitimate contractual basis.
30/07/2023
Suspicious [SAR/STR] and dealing with 'no consent' to unfreeze account – a recent Guernsey court decision
28/07/2023
Guernsey trial to determine whether funds help in three bank accounts were proceeds of crime [freeze or unfreeze].
28/07/2023
Its close….the Proceeds of Crime (Financial Intelligence) (Amendment) (Jersey) Regulations 2022
25/07/2023
The FATF outlines an effective system to combat money laundering and terrorist financing.
25/07/2023
Boardroom CYBER-RISK competence training [offered in the Channel Islands/Mauritius/elsewhere]
24/07/2023
Does the EU 2025 cybersecurity [DORA] law apply to those outside the EU? If yes, what are you doing?
24/07/2023
JFSC 1st July AML handbook has been amended on 21st July 2023 which affects some of the numberings.
24/07/2023
Comsure partners with Clausematch's RegTech Solution in the Channel Islands and Mauritius
22/07/2023
Confiscating assets for Indonesia: Interview with Mark Temple KC, H.M. Attorney General of Jersey
21/07/2023
Philipp v Barclays: - banks do not owe this duty to customers deceived into instructing their banks to transfer money to fraudsters
17/07/2023
The JFSC announces a 2023 review of systems and controls to prevent and detect Terrorism & Proliferation Financing.
07/07/2023
$12 million frozen following investigation into disgraced art dealer's stolen Cambodian antiquities
07/07/2023
JERSEY at the centre of Largest Ever Forfeiture of Proceeds [$12 million] from the Sale of Stolen Antiquities
07/07/2023
Jersey outsourcing [OSP] rules – BEWARE "newly caught" Supervised Persons have SIX [6] months to act
06/07/2023
JERSEY update 30/6/2023 - Lending activity caught by the AML/CFT regime – new FAQS - EVENT
03/07/2023
MAURITIUS FSC DRAFT [CONSULTATION] GUIDELINES CLOUD COMPUTING SERVICES [CLOSE 21 July 2023]
30/06/2023
JFSC Exemptions & Registration extensions & more FAQs on Directors/ Family Offices/ trusts & lending activities / private lenders
27/06/2023
The JFSC move the SCH2 registration to 30 September 2023: RE Directors/Family Offices/ Trustees who lend
27/06/2023
THE ROTENBERG FILES [30 thousand emails and 12 thousand documents] show how Putin hides assets
26/06/2023
Save the date 13th of June - Navigating Data Protection Risk and Liability at Board Level
12/06/2023
EARLY BIRD RATES – Comsure Mauritius Economic Crime Prevention Conference - 12th & 13th July 2023.
12/06/2023
£3.2 million in UK-HMRC money laundering penalties - £1.4 million being the most significant
12/06/2023
Global Initiative recently published two [OF 13] discussion papers on global criminal markets.
12/06/2023
In Feb 2023, Mauritian regulators examined Silver Bank in the wake of Trafigura nickel fraud case.
12/06/2023
10 years later, JERSEY to share Robert Tantular's £1.3 million of dirty money with Indonesia
11/06/2023
FCA issues £17.2m for serious failings which enabled millions in illegitimate tax reclaims [TAX CRIMES]
11/06/2023
Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History
08/06/2023
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.
07/06/2023
A Jersey prosecution under the "Crime (Transnational Organised Crime) (Jersey) Law 2008" [Jersey's Modern Slavery law]
05/06/2023
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.
31/05/2023
Revolutionary e-trading venue will connect the dots between digital assets and the FX market
30/05/2023
THREE MORE JERSEY COMPANIES ARE GUILTY & FINED[£] FOR FAILING TO REPORT A NOMINATED PERSON
26/05/2023
The JFSC merge its pooled supervision and new regime teams into a single DNFBP/NPO/VASP Team
24/05/2023
Facebook owner Meta expected to face record fine over transfer of European data to US servers
22/05/2023
Pooled Supervision and New Regime Supervision Teams to combine as new DNFBP/NPO/VASP Team
19/05/2023
Notice of Examination on Suspicious Activity Reporting Obligations for Designated Non-Financial Businesses and Professions and Virtual Asset Service Providers
19/05/2023
Tory donor's link to massive money laundering case via Seychelles - the Baltic – Glasgow – BVI - London
16/05/2023
Countering the Financing of Terrorism – An IMF Book on Good Practices to Enhance Effectiveness
16/05/2023
IT COULD BE YOU - A Gibraltar estate agent has been fined for breaching anti-money laundering obligations.
12/05/2023
JFSC public statement against Former 'lawyer of the year' jailed for taking £29k from an older adult
12/05/2023
Comsure offers the NIST Cyber Security Professional (NCSP®) program in the Channel Islands, Mauritius and beyond
10/05/2023
Divorce cases reveals 25 residential properties, including a Dubai mansion, worth a total of around $80m (£64m).
05/05/2023
CyberFlix: an interactive video - and related downloads - to help secondary school kids stay safe online
04/05/2023
Jersey Draft Probate (Amendment) (Jersey) Law 202- increases the limit to £30,000 from £10,000
04/05/2023
UK company set up in name of a JERSEY/UK SANCTIONED individual who is A top Putin official in Ukraine.
28/04/2023
Chinese banks ‘laundering cash for drug cartels’ as $154 billion pass through China each and every year
28/04/2023
JFSC Update: Exemptions – Registration Extension for Directors and Family Offices NEXT UPDATE = Monday 15 May 2023.
26/04/2023
A Lawyer acting for a Russian oligarch pleads guilty to conspiring to commit money laundering to promote sanctions violations.
26/04/2023
JFSC rules to appoint an anti-money laundering services provider [AMLSP] to fulfil the obligations of a relevant person.
23/04/2023
Grand Court judge criticises AML Regulator for its overzealous approach and interpretation of the rules.
21/04/2023
Underground drug-money bank laundering EUR 180 million liquidated by law enforcement agency Europol
18/04/2023
Jersey - The "Minister for External Relations and Financial Services" is now the "Minister for External Relations".
16/04/2023
JFSC update [23 March 2023] ON ITS ML/PF/TF source guidance – essential links for everyone
12/04/2023
UK sanction - x2 Cypriots oligarch enablers [a lawyer and TCSP director] along with oligarch family members and Alisher Usmanov financial network
12/04/2023
A man is arrested as FCA orders WealthTek Limited Liability Partnership to stop operations.
06/04/2023
Jersey JFSC regulated firms," Are you assessing your governance arrangements and effectiveness"?
03/04/2023
Comsure Group supports the NIST Cybersecurity Framework training program in Jersey, Guernsey or Mauritius.
03/04/2023
JFSC publish information and guidance on its OBLIGED PERSONS RELIANCE “Thematic” findings and expectations.
31/03/2023
Just as Jersey brings in its Senior Management Function Regime [SMFR] the UK Government start a review on its SM&CR
31/03/2023
Jersey AML SUPERVISED BUSINESS are also 1] REGISTERED PERSON 2] REGULATED PERSON 3] PRESCRIBED NPOs 4] SCHEDULE 2 BUSINESS
30/03/2023
TI's Financial secrecy index offers a counterbalance to Corruption Perceptions Index 2022
27/03/2023
JFSC highlight money launderers who targeted a jeweller - no convictions or regulatory sanctions to date
21/03/2023
Jersey - Unauthorised Schedule 2 business deals with criminal property - no convictions or regulatory sanctions to date
21/03/2023
The JFSC has started its Thematic on Class G (TCB) Natural Persons providing Director Services
21/03/2023
JFSC “final version” Appendix D2 amended to correct updates originally published on the 15th
20/03/2023
After x27 years, 'BRIBE MONEY' placed in Jersey trust & bank to be returned to Mozambique
10/03/2023
Jersey update on Proliferation Financing Q&A – Darya Dolzikova, Research Fellow with RUSI
10/03/2023
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
HMRC names AML Tax (UK) Limited & three schemes linked to Mone’s husband as tax avoidance
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
US regulators fine 16 firms $1.8 billion over staff communications on unofficial channels
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
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
Investment manager behind £100 million jailed for 14 years for money laundering and fraud
12/08/2022
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
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) - Ajam Joomun
25/05/2022
Meet the speaker Comsure's Financial Crime Conference (1st & 2nd June 2022) - David Sherpherd
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
Beware of the Increased use of the Money Laundering Offense by countries around the world
05/05/2022
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
"Oligarchs be warned: we will use every tool to freeze and seize your criminal proceeds."
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
A Ukrainian sanctioned Russian billionaire sets up shop in the U.K. on the 3rd March 2022
04/03/2022
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
UK SANCTION HOW AND WHY THEY ARE USED - Case study 3: Global Anti-Corruption - April 2021
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
A mere “loss of control” of personal data does not mean you are owed compensation (£££££)
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
JFSC Beneficial ownership 3 tier UBO guidance diagram updated along with x2 other changes
23/08/2021
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
How to avoid being referred to JFSC Enforcement – and what to do if they come knocking!!!
15/07/2021
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
Guernsey FSC issue AML/fiduciary fines and bans = £155,000.00 + 10/6 year prohibitions!!!
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 hack in jersey – are you ready for the JFSC and JOIC questions
12/03/2021
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
Potential for More Aggressive UK Enforcement including conduct outside the United Kingdom
11/01/2021
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
An interesting point made by the High Court in Beckwith v Solicitors Regulation Authority
30/11/2020
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
Dubai and money laundering are there any connections – example 4 - the Russian Laundromat
24/08/2020
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
McKinsey warned Wirecard About “risks related to business partnerships or third parties.”
15/07/2020
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
UWO - The discharge of unexplained wealth orders – STEP BY STEP analysis of NCA v Baker -
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
The US admits it is a global money-laundering risk (or at least that is what I interpret)
18/02/2020
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
Action Fraud warns of Amazon Prime scam that has cost victims over £400,000 in two months
03/12/2019
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
OFAC sanctions Iran’s National Development Fund & amends Central Bank of Iran designation
04/10/2019
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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