In recent years, a perception has developed that compliance officers have personally become more exposed to regulatory and government enforcement action. This has been coupled in many industries, especially financial services, with a broader increase in scrutiny by regulators and government agencies as well as the contingent increase in compliance officers’ responsibilities. But does this […]

CDD on Clubs and Societies in Jersey and elsewhere Clubs and societies There is a wide variety of clubs and societies, ranging from large, nationally and internationally active organisations subject to a high degree of public interest and quasi-accountability, to small, local clubs and societies funded by small, individual donations or subscriptions from local communities, […]

Proceeds of Crime Act 2002. POCA is UK legislation providing for the restraint, confiscation, civil forfeiture, and taxation of the benefit of criminal conduct or criminal assets. It also contains the UK’s principal money laundering offenses and provisions for international cooperation, including enforcement of foreign confiscation and forfeiture orders. Similar legislation has been passed in […]

MANY Organisations have not yet started to engage seriously with the GENERAL DATA PROTECTION REGULATION [GDPR].  When they do THEY MUST remember GDPR is all about data protection “by design” – this means that across THEIR WHOLE ORGANISATION businesses MUST build DATA PRIVACY RISK AND COMPLIANCE into ALL; SYSTEMS, PROCESSES, POLICY & PROCEDURES AND TRAINING ALSO […]

Since 2005 Comsure has helped clients deploy comprehensive strategies in response to financial service regulation. Regulatory changes in the financial services industry have come with dizzying speed and complexity, often with massive implications for business models and competitive strategies. We work with clients to: address the impact of new regulatory requirements, and we provide insights […]

Last year’s Panama Paper leaks were something of an embarrassment for Hong Kong and Beijing, showing as it did a large number of requests for offshore shell registrations from China and it seems 2017 brings further embarrassment.  Of all the revelations published by the anti-corruption campaigners behind the Global Laundromat leaks released last week one […]

According to the OCCRP, 5 transactions to the value of $306,760.00 were routed through the Seychelles. Click here to see the interactive map = http://bit.ly/2mHh5Dd Background Between 2010 and 2014, at least $20.8 billion was laundered out of Russia, funnelled into banks in Moldova and Latvia, and spread from there into 96 countries across the world. […]