As many of us know the JFSC mission is to maintain Jersey’s position as an international finance centre with high regulatory standards and to pay particular attention to its Guiding Principles as set out in Article 7 of the Financial Services Commission (Jersey) Law 1998. These guiding principles are: Reducing risk to the public of financial […]

Financial regulation in Jersey is heavily enforcement led which means that regulated entities need to be ready to deal with enforcement action, and with financial penalties also having been introduced enforcement is likely to become more prominent in 2016. In addition, MoneyVal continues to have a significant effect with its feedback triggering some further changes […]

Well done to the Jersey Compliance Officer Association (JCOA) for a well organised event on Tuesday (26.01.2016) and well-done to John Harris for a well-polished and structured overview of where the JFSC are today and going forward…I made some notes and in summary I can report the following highlights They, the JFSC are returning to […]

Our main focus at Comsure is making sure that our clients find great value in their relationship with us and are successful. But we’ve learned that until we’ve had a chance to work together, it’s not always clear how we do that.  At Comsure, our primary goal is making sure that our clients are successful […]

Comsure’s team of highly trained professionals allows us to offer a broad range of regulatory services; we can guide you safely through regulatory challenges and compliance requirements. From authorisations and ongoing compliance arrangements, to mitigating risks such as anti-money laundering through appropriate governance, systems and controls; preparing for regulator visits or investigations; or oversight and […]

In anticipation of Comsure’s up and coming Guernsey training event “To Report Or Not To Report, That Is The Question?” on the 8th December at the  Old Government House (Time: 12.00 – 14.15 (registration 11.45 am)) CLICK HERE) the following thoughts set the scene for the matters to be discussed The workshop follows the recent […]

Firms’ CULTURE is in danger of becoming merely regulatory and “yet another catchphrase” if they fail to see beyond their systems and controls, the Financial Conduct Authority’s (FCA) new director of enforcement and market oversight (Mark Steward) has said. He went on to offer some other golden nuggets of sound observations and advise:- Good rules […]

HBME Jersey receives a slap on the wrist from the Jersey regulator unlike the punch in the gut from the US…. After a 3 year investigation the JFSC issued an 8 page Public Statement HSBC Bank Middle East Limited (“HBME” or “the Bank”) on the 3 September 2015.   This statement followed the appointment of a […]