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The High Court has recently restricted the ability to rely on privilege. Although SFO -v- ENRC is an English authority, Jersey generally follows English principles of privilege.

The end of October marked five years since former UK PM David Cameron announced plans for the UK to adopt a public register of beneficial ownershi

Fraud on a power is a well-established trust doctrine and one that crops up frequently in contentious trust applications both onshore and offshore.

The doctrine of tracing involves rules by which to determine whether one form of property interest is properly to be regarded as substituted for another.

The Kenya agreement is an encouraging example of such fruits being returned to their rightful owners.

Should financial institutions be reimbursed for the costs incurred by assisting victims of fraud?

Issues arising from the filing of Suspicious Activity Reports ("SARs") under the Proceeds of Crime (Jersey) Law 1999 ("the 1999 Law") simply will not go away, and the Royal Court (in Gichuru v. Walbrook [2008] JRC 068) has again recently sought to provide yet further clarity in this area.

The law in Jersey relating to the consequences of receiving a bribe has been recently clarified in the case of Lloyds Trust Company (Channel Islands) Limited v Fragoso and Others [2013] JRC 211 concerning a Jersey trust known as the Rex Trust.

What authorities can prosecute business crimes, and are there different enforcement authorities at the national and regional levels?

Over the past 10 years the number of energy and natural resources companies establishing a head office in Jersey has grown considerably.

To protect against fraud, money laundering and terrorist financing, the finance industry obtain key customer details known as Customer Due Diligence (CDD) before engaging in business.

I am writing to update you on the progress of the Criminal Finances Bill through the UK Parliament, which includes amendments concerning the creation of public registers in the UK's Crown Dependencies and Overseas Territories

The risks posed by ‘traditional' forms of fraud (undertaken by dishonest employees or directors diverting funds from client accounts) will always be of concern to financial services businesses.

It has been reported in the United Kingdom that public resources are so stretched that police officers have attended the scenes of crime by bus.

The Crown Dependencies' regulators have jointly proposed a coordinated framework to combat authorised push payment fraud, where criminals deceive victims into transferring money under false pretences. The framework addresses prevention measures, customer protection standards, and reimbursement regimes while diverging from UK and EU approaches by not implementing inter-bank cost sharing. Financial institutions operating across Jersey, Guernsey, and the Isle of Man will need to enhance their fraud detection s

Fraud is rare, but it happens; and when it does it is likely to be as unexpected as it is unwelcome.

With increasing regulation and tougher penalties, KYC (Know Your Client) has been central to financial services industry compliance standards for many years. However, with several recent high profile cases in the media, once again, this is a hot topic of conversation.

A Norwich Pharmacal Order (NPO) is a disclosure order which allows information to be obtained from third parties who have become ‘mixed up' in wrongdoing, helping individuals to investigate,...