23 results found

The Act is aimed at strengthening the UK's fight against economic crime.

In January 2023, Schedule 2 of the Proceeds of Crime (Jersey) Law 1999 (Schedule 2) was recast such that scope exemptions were removed, definitions were aligned with FATF Standards...

A matter of great importance and relevance to individuals and entities working in the regulated sector in Jersey, Verga v Nedbank ...

Reforms of Jersey's litigation rules came into force on 1 June. Counsel Nicola Roberts from our Jersey Dispute Resolution team looks at the key developments.

The JFSC has been focusing heavily on Suspicious Activity Reports ("SARs") recently. This is understandable. SARs are a crucial part of the regulatory framework. If regulated businesses are properly reporting suspicions of criminal conduct then the law enforcement agencies receive vital ammunition for cleaning up the finance industry and investigating crime without lifting a finger.

Our investment funds team outline the latest developments in the investment funds market in Jersey including the introduction of US style LLCs, updates to the Proceeds of Crime Law...

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

The report following the Council of Europe's MONEYVAL 2024 review of the Bailiwick of Guernsey's approach to combating financial crime, has been issued.

International finance centres must adopt world-class regulatory regimes in the face of a continuously evolving regulatory landscape to ensure future success...

The Jersey Court has shown that it continues to expect, and if necessary will demand, compliance with its orders.

It is important not to be put off by the size of the task and the sheer volume of material.

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 Government, further to consultation with the Jersey Financial Services Commission ("JFSC"), has recently published an Order clarifying the scope of the Proceeds of Crime...

On 30 January 2023, legislation came into force that amended the Proceeds of Crime (Jersey) Law 1999 ("the POCL") and expanded the scope of Jersey's anti-money laundering, counter-terrorist...

Ogier partner James Angus recently advised, in consultation with the Government of Jersey, on the form and ambit of the draft Criminal Justice (Deferred Prosecution Agreements) (Jersey)...

Compliance Matters is a source of international news and analysis on the latest regulatory initiatives within the private banking and wealth management industries.

Failure to properly grasp the implications of UK's Economic Crime (Transparency and Enforcement) Act 2022 (the Act) could be catastrophic

Most of us find it easier to understand a legal concept if we are given an illustrative example. A hypothetical set of facts that clearly falls on one side of the line can help us appreciate how the concept works.