"Integrity Is Doing The Right Thing, Even When No One Is Watching." – C. S. Lewis

A 2022 judgment of the Jersey Employment & Discrimination Tribunal ends:

"In this case, a professional has lost his livelihood at the latter end of his career as a result of falling short of the scrupulous attention to the processes of protection against money laundering which employers, the law and the well-being of the Island demands of all those in positions such as his. It is a sad but cautionary story."

Compliance with regulation and ethical behaviour go to the core of senior roles in financial services. The junction between regulation and employment law is an interesting one.

Financial services regulation

In Jersey, financial services businesses, and key roles within them, are regulated by or registered with the Jersey Financial Services Commission (JFSC) and are subject to the Financial Services (Jersey) Law 1998 (FSJL). Such businesses must operate in accordance with the Code of Practice applicable to the services they offer, including by meeting the