04/02/2015
Fiducaire Unit Facing Prosecution In Jersey
The Jersey court date has been set to start on 23 June 2015
Regulation, Risk & Compliance
04/01/2015
Regulation for Digital Currency Businesses on the Isle of Man
Tynwald recently approved changes to the Proceeds of Crime Act in order to bring digital currency under the control of that Act.
03/31/2015
Swiss Private Bank to Pay $211 Million Penalty in US Tax Case
Swiss Private Bank agreed to pay $211 million and became the first Swiss bank to reach a deal to avoid U.S. Justice Department prosecution
03/31/2015
Guernsey Is Not a Tax Haven: KPMG
KPMG Head of Tax Tony Mancini discusses the Channel Islands and the accusations that the island chain isn't tax transparent
03/31/2015
UK fund house caught up in Mauritian ‘Ponzi scheme' probe
A UK fund house has been forced to freeze redemptions on one of its funds, after becoming caught up in an investigation by the Mauritian regulator into an alleged Ponzi scheme.
03/30/2015
ICSA Jersey Governance Conference - Book now!
The ICSA Jersey Governance Conference will take place on Friday, 24th April at the Royal Yacht Hotel;
03/27/2015
ComplianceAid article “deceptive”, says Cayman Finance
Cayman Finance CEO Mr Jude Scott recently expressed his disappointment on behalf of the financial services industry
03/26/2015
New player in offshore banking warns against parking ill-gotten gains
We want to avoid this negative attention by putting in place mechanisms that can assure us that the money being placed here is clean and from legitimate sources,” said Skerrit
03/24/2015
Elian launches Funds Compliance Services to overcome clients’ regulatory demands
In anticipation of fast-changing developments in Jersey’s regulatory environment and the sharper emphasis on corporate governance, Elian has launched a comprehensive suite of professional compliance services that will significantly reduce clients&rs
03/19/2015
Digital due-diligence platforms explored at Jersey Finance debate
Jersey’s ambitions to position itself as a leading FinTech jurisdiction and how digital innovation could assist Jersey’s finance industry with growing due diligence obligations formed the focus of an event hosted by Jersey Finance recently.
03/19/2015
Prestigious peer recognition for JT’s Head of Legal
It was a great honour to be nominated for this prestigious award which acknowledges the work of in-house legal departments
03/17/2015
HSBC begins closing Jersey accounts
The bank is carrying out checks on the identity and address of thousands of its customers on the Channel Islands, and is closing accounts that do not meet tax compliance standards.
03/13/2015
Elian launches ClientCheck - the comprehensive CDD outsourcing solution
ClientCheck has been developed to benefit a wide range of regulated businesses including accountants, asset managers, banks, fund managers, lawyers and trust companies. All types of CDD subjects are supported including individuals, partnerships, private c
03/13/2015
PAC wants offshore accounts holders exposed
The findings follow a massive cache of leaked data that revealed how the Swiss banking arm of HSBC, the world’s secondlargest bank, helped wealthy customers conceal billions of dollars of assets.
03/10/2015
Isle of Man launches Insurance Special Purpose Vehicle legislation
The Isle of Man Government has launched new legislation in respect of Insurance Special Purpose Vehicle (ISPV) legislation which enhances the Island’s proposition for insurance business
03/05/2015
DMS Offshore Investment Services Wins Another Award
"DMS is honored to be recognized again this year for the quality of our service to the global hedge fund industry," stated Anne Storie, CEO of DMS.
03/02/2015
Compliance= Change or Extinction
In the financial services industry, compliance refers to adherence to the regulations, policies, and guidelines that apply to a financial institution
03/02/2015
Jersey to evolve QROPS legislation ‘step by step’
A former accountant, Gorst was recently re-elected as chief minister for a second term.
02/20/2015
Crestbridge report examines key AIFMD issues
Risk management, cost and changes in fund structuring are the key issues for managers and investors arising from the initial impact of the Alternative Investment Fund Managers Directive (AIFMD)
02/19/2015
New managed account regime for hedge fund managers
The exemption will enable fund managers that are already regulated under the Financial Services (Jersey) Law to carry out fund services business and service QSMAs without needing to seek additional regulation in order to conduct investment business under