On 28 January 2022 the Government of Jersey launched a consultation, which closes on 21 February 2022, regarding proposals to introduce a new corporate criminal offence for any financial services business (FSB) which fails to prevent money laundering and terrorist financing.

A recent House of Commons debate on the Criminal Finances Bill included discussion about whether the Crown Dependencies should be forced to create public registries of beneficial ownership information.

The JFSC has issued new guidance and FAQs for Private Trust Companies and trustees in relation to the updated scope of the Proceeds of Crime Law 1999.

New legislation designed to strengthen Jersey's capabilities to fight financial crime was introduced last week.

Organisations often have to undertake internal investigations. These can arise in many situations. They can, for example, be to investigate some suspected fraud or wrongdoing that has been uncovered

It is hard to go a day without someone mentioning the new popular Netflix series 'The Stranger'. One of the mysteries which troubles the audience is the money that has gone missing from the local football club...

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 leading academic has urged policy-makers to stop trying to combat corruption by introducing new rules and instead to spend more time determining the effectiveness of the rules already in place.

There is no doubt that the incidences of bank account fraud are on the rise. In 2023 UK Finance reported 116,324 cases of push payment fraud where a payer is deceived or defrauded into authorising a payment...

Those who thought the days of the extended informal freeze may be over, think again.

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?

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?

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

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 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.

This case has brought to the fore a very interesting question in the field of money laundering. The issue at stake was the following: in relation to the laundering offence contained in section 93C(2) of the Criminal Justice Act 1988 and section 49(2) of the Drug Trafficking Act 1994 (the "Acts"), is there a requirement for the prosecution to prove that the property being converted is in fact the proceeds of crime?

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...