News

Overview International and domestic scrutiny of AML safeguards is increasing. High-profile prosecutions and regulatory action are becoming more frequent. Cross-border coordination means that businesses face an increased likelihood of enforcement actions in multiple jurisdictions when those safeguards fail. The use of AML systems to prevent tax evasion is of increasing importance to governments and regulators globally. […]

Over £50,000 held in a Jersey account by the convicted mastermind of an “elaborate” international fraud, involving stealing the assets and identities of more than 250 people, has been seized. The confiscation was made possible thanks to the efforts of Jersey’s Attorney General and Law Officer’s Department working in tandem with international authorities to enforce […]

AN IDENTITY thief – who launched an unusual legal battle in Jersey from his cell at New Jersey’s Fort Dix prison – has failed to stop the confiscation of £50,000 he had stashed in a local bank. Michael David Reid, who is currently serving a 14-year sentence in the US, was part of a sophisticated […]

Cathay Pacific says the personal data of up to 9.4 million passengers have been accessed in the latest security breach to hit the aviation industry. Passport numbers, email addresses and expired credit card details were among the data leaked. Chief executive Rupert Hogg apologised and said there was “no evidence” the information had been misused. […]

FORMER deckchair business-owner Joanne Jones has been released on bail after she was found not guilty yesterday of four money-laundering offences. Over the course of the eight-day trial, the small Number Two court has been packed with the St Brelade businesswoman’s supporters, and Ms Jones embraced her friends and legal team in relief after the […]

COMPANY directors and investors could be at risk of kidnap and blackmail if Jersey’s beneficial ownership register is made public, according to Jersey Finance. The warning follows fresh calls from a long-serving UK politician for the list of who owns what to be opened up to everyone. Speaking to this newspaper, Dame Margaret Hodge MP […]

Clashes between the need for secrecy in dealing with potential criminality and the obligations of transparency under data protection legislation are common. A recent UK decision (Lonsdale –vNational Westminister Bank Plc) highlights one such clash. In particular, it considered what happens when a DSAR (a Data Subject Access Request) is made seeking disclosure of SARs […]

Jersey’s Royal Court provides guidance to trustees faced with requests for disclosure from a beneficiary The Royal Court of Jersey, in the recently handed down judgment in M v W Limited & Ors: [2017]JRC168A, has provided useful guidance for trustees in circumstances, outside the context of discovery in adversarial litigation, where a beneficiary of a […]