Former motor industry worker ordered to pay £25,500 from proceeds of data theft. If you thought the UK data regulator was only interested in big business, think again. A former employee of Nationwide Accident Repair Services (NARS) – an accident repair firm – has been ordered to pay £25,500 from the proceeds of data theft. […]Read More
Mauritius Leaks…..July 2019 (follows Paradise, Panama, et al) Mauritius Leaks is a cross-border investigation into how one law firm on a small island off Africa’s east coast helped companies leach tax revenue from poor African, Arab and Asian nations. Led by the International Consortium of Investigative Journalists, the investigation is a collaboration by 54 journalists […]Read More
The Jersey Court to confiscate drug offender’s money after-tax evasion confession [08 August 2019] A 57year-old convicted drug offender could see up of £33,804 of savings seized by Jersey authorities, despite successfully arguing that the money was not the proceeds of criminal activities – but admitting tax evasion in the process. Ian Joseph Ellis was […]Read More
UK: Principal Changes In The Revised AIC Code Of Corporate Governance Are Relevant For Boards Of Directors Of Certain Guernsey And Jersey Companies.
The AIC Code is a framework of best practice in respect of the governance of investment companies published by the Association of Investment Companies (AIC). Founded in 1932, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts, offshore investment companies, real estate investment trusts and venture capital trusts. Guernsey and Jersey […]Read More
A data breach detailing more than 800 current and former Charleston County employees’ identifying information was caused by a Human Resources employee accidentally sending a list of information to a former county employee. The Charleston County Sheriff’s Office was notified of the situation Aug. 6. The county on Monday began alerting employees whose information was […]Read More
Representatives of the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and the Bank of England recently gave evidence to the House of Commons Treasury Select Committee in relation to IT failures in the financial services sector. Alison Barker (the FCA’s Director of Specialist Supervision), Lyndon Nelson (the PRA’s Executive Director of Regulatory Operations and […]Read More
What has happened? On 8 July 2019, the English High Court handed down judgment in proceedings between N and The Royal Bank of Scotland plc (“RBS“) ( EWHC 1770 (Comm)). Following the conclusion of related proceedings brought by the National Crime Agency (“NCA“), the court was required to consider whether RBS had acted lawfully in freezing […]Read More