Comsure will start posting typical questions and answers to assist those charged with keeping their firms out of trouble….. Question – Please, can you help me persuade my company to beef up its Transaction profiles? Answer – To help make a case to the company an MLCOs first port of call should be the JFSCs […]

We have had a busy summer here at Comsure, and I wanted to share a particular project that the whole team were involved in, and I hope offers some insight into what Comsure can do for you. Background COMSURE’s client was a medium-sized Jersey-based regulated business that required a full JFSC-style assessment to identify if […]

Just because the now infamous Ashley Madison data leak story is “headlined” along with “adultery and cheating partners” should not distract us from the lessons, we can all learn. The formal investigation has found Ashley Madison’s security to be woeful – It has shown that Ashley Madison dropped the ball on some pretty basic stuff […]

DEUTSCHE BANK’S $10-BILLION SCANDAL – How a scheme to help Russians secretly funnel money offshore unraveled. Almost every weekday between the fall of 2011 and early 2015, a Russian broker named Igor Volkov called the equities desk of Deutsche Bank’s Moscow headquarters. Volkov would speak to a sales trader—often, a young woman named Dina Maksutova—and ask […]

Many financial advisers and other regulated entities spend much time focusing on regulatory risk.  However and as is highlighted in the JEP articles (below) the lawyers are also getting in on the case. Along with the introduction of the Channel Islands Ombudsman (http://bit.ly/2byVh7m), life is getting very tricky for those who have a gap in […]

SARS play a pivotal role in multi-faceted financial investigation such as investigations relating to false accounting, money laundering, forgery, conspiracy to defraud, obtaining a money transfer by deception, fraud by false representation and mortgage fraud, to name just a few crimes. SARs Help link individuals through financial transactions, Give an indication of the manner in […]

Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar. However, there is one particular deadline for regulated firms that demands urgent attention.  Under the whistleblowing rules published by the FCA and PRA back in October 2015, relevant firms […]