Baker & Partners Provide Insights into Regulatory ‘Hot Topics' for Local Industry

At a Breakfast Briefing Event this week, entitled 'Walking The Tightrope',  Baker and Partners provided guidance on current regulatory 'Hot Topics' to Jersey's compliance industry. The panel discussion facilitated by,  Director of Regulatory and Compliance, Tim Smith,  Advocate William Redgrave and  Advocate Simon Thomas Baker & Partners, discussed several important areas of focus for finance industry professionals with particular emphasis on effective Suspicious Activity Reporting (SARs) and Sanctions issues.

Director of Regulatory and Compliance at Baker & Partners Tim Smith commented: "Even with the best practice and intentions, it can sometimes be difficult for individuals and businesses to truly understand their legal obligations and the consequences of not complying with regulation. It is incredibly important that regulated organisations understand not only how to prevent compliance breaches, but exactly how to respond when things go wrong. The cost of