Offshore Britain - Jersey • Dispute resolution
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Regulatory and white-collar crime

Carey Olsen

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The regulatory and white-collar crime team at Carey Olsen represents clients across a broad spectrum of civil and criminal matters, ranging from AML reporting obligations and investigations, to sanctions, compliance, asset recovery and MLAT cases. The practice also assists clients with the regulatory aspects of their daily operations, including in niche sectors such as the cannabis industry. Leading the team is Marcus Pallot, who represents clients in proceedings brought by the JFSC and has particular expertise in the e-gaming sector. William Grace has extensive experience in AML and corruption matters, sanctions and reporting duties. Huw Thomas , whose practice revolves around employment issues in the financial services industry, was made partner in January 2023. Counsel Oliver Lindop focuses on financial regulations and regulated industries.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team has an intrinsic knowledge of the regulatory framework. By understanding the spirit with which it operates, they are able to help clients navigate the complexities thereof.'
  • 'William Grace is widely recognised as the expert in this field. He is able to blend the regulatory and commercial angles to provide clear advice, helping his clients to move forwards in a compliant and sound way.'
  • 'The team includes the most experienced practitioners in this space in Jersey. Their breadth of experience both in and out of the courts together with their broad client base allows for strong parallels to be drawn to practical application of legislation to our own situation. They draw on experts across their service areas to provide a holistic response that is based on strong technical analysis across multiple disciplines.'
  • 'William Grace is a renowned technical expert in his field. He has the ability to address boards, technical compliance professionals and more junior staff members in a way that conveys appropriate understanding of the issues at hand. He offers pragmatic advice that steers the recipient towards the best case scenario of action to take, whilst giving an understanding of all of the options available.'
  • 'Oliver Lindop has a strong ability to discuss technical matters whilst ensuring that other relevant aspects for consideration are also covered. Oliver is great at highlighting the key points to an issue, allowing us the option of exploring those most relevant to our need for advice or making a quick decision that then negates the need for detailed advice on particular topics, which of course helps in being cost-effective for his clients too.'
  • 'Great expertise and client base. Available with excellent market practice.'
  • 'The team offers excellent insights into regulatory and white-collar crime practices. They have a clear understanding of our business and the areas to focus on, and work in a very collaborative manner.'
  • 'William Grace is exceptional at reading a position, interpreting what is required and removing noise from a situation.'

Key clients

  • UK government
  • Accuro
  • Alter Domus
  • Aztec
  • Brooks Macdonald
  • Butterfield
  • Crestbridge
  • Fairway
  • FCM
  • Fides
  • Goldmoney
  • Hawksford
  • IQEQ
  • Intertrust
  • JTC
  • Langham Hall
  • Lloyds Bank
  • Nordic Capital
  • Rawlinson & Hunter
  • RBSI
  • Royal Bank of Canada
  • Saltgate
  • Apex
  • Stonehage Fleming
  • TMF
  • UBP
  • UBS
  • Vistra

Work highlights

  • Acted for the UK government in relation to a sanctions matter.
  • Acted for a client in relation to the criminal investigations and prosecutions of Glencore.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
William Grace
Hall of fameCarey Olsen
William is a partner advising Jersey’s finance industry and international clients on financial services-related disputes, whether civil, criminal, regulatory or a combination. This includes advisory work and advocacy. His specific experience is in advising on money laundering matters (including corruption), regulatory and compliance investigations, disputes in the banking, trusts and funds sectors, sanctions, production orders (including TIEA work), insider dealing, reporting duties, asset recovery, reciprocal enforcement, cyber-related risk and international mutual assistance generally. He places particular emphasis on working alongside clients and their in-house lawyers/compliance staff and other external advisers to implement risk-management-based solutions to disputes in the regulated sector. He is experienced in politically sensitive and complex matters involving multiple legal issues and jurisdictions. He often advises on higher risk business in the financial services regulated sector, whether that is in client take on, transactional support or M&A support. In addition to acting for Jersey regulated financial services businesses, he also acts for PLCs, individuals and foreign states.
Leading associates
Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Oliver Lindop
Carey Olsen
Oliver is counsel and Advocate in Carey Olsen's Dispute Resolution team specialising in regulatory law. Oliver is recognised as a "rising star" in the latest edition of Legal 500. In 2021, for the fourth year running Oliver has been named in eprivateclient's Channel Islands Top 35 Under 35 list. Oliver also features in the 2020 list of UK's Top 35 Under 35 private client practitioners. Oliver's recent highlights include: Acting as Advocate for the defendants in a recent reported landmark decision before the Royal Court of Jersey, construing various matters of importance for the regulated financial services sector in Jersey and succeeding on all arguments Acting in relation to Jersey aspects of the high profile insolvencies of Carillion Group and BHS Representing the interests of a global bank in relation to allegations of breach of Libyan sanctions and Jersey Anti-Money Laundering laws Advising a number of financial institutions in Jersey relation to JFSC investigations, remediation plans and civil financial penalties Advising a major Asian bank and a number of English and Jersey based funds structures in relation to proceeds of crime risk arising from fund investments Advising two prominent Jersey corporate service providers on the AML obligations applying to capital markets structures Advising a US based social media platform on compliance with Jersey regulatory laws Performing successful asset recovery for a locally administered property holding company which had been the victim of a complex multi-jurisdictional fraud Advising the trustee of a number of trusts where the settlor of those trusts was implicated in the Operation Carwash corruption investigation in Brazil Advising the corporate trustee of a trust in which the deceased settlor has been named in a major SFO investigation in England Advising a G7 government on enforcement of an external confiscation order via the Jersey Courts Assisting a local utility company on structuring customer finance arrangements in light of Jersey regulations Advising a number of gambling permit holders in interactions with the Jersey Gambling Commission including causing the JGC to adopt a narrower approach to the category of persons considered to be "gambling service providers" Assisting a gambling service provider with obtaining a bank account in Jersey by assisting with the proper legal characterisation of client account funds Advising a major global bank on an investment based claim which is in genesis in Jersey and the Isle of Man Advising a major global bank in relation to sanctions issues arising in relation to the secondary market in North Korean sovereign debt Reviewing and appraising the AML policies of a market leading lender in the Channel Islands Assisting a major US investment bank with a mapping exercise of Jersey laws Acting on a construction dispute relating to Elizabeth Castle, a prominent landmark in Jersey Assisting the Bank of Butterfield, a Bermudan bank, obtain relevant authorisations from the Jersey Financial Services Commission Acting as Advocate for a local accountancy firm in its claim against a former director for breach of covenant and implied duties Providing sanctions and AML advices to facilitate a number of high profile transactions by Carey Olsen's corporate department and Jersey regulated businesses Oliver turns around advice on trade sanctions as applied in Jersey on short notice in most common scenarios in addition to assisting clients triage the issues and seek appropriate advice on foreign sanctions (e.g. US OFAC sanctions).

Practice head

The lawyer(s) leading their teams.

Marcus Pallot

Other key lawyers

William Grace, Huw Thomas, Oliver Lindop

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