Confusion as French trust law filing date approaches – Financial advisers in France report that a state of confusion exists in fiduciary companies and… ‘French mini-FATCA’ fears as France goes after trusts – Tax experts who have been studying France’s new tax regime for wealthy individuals are likening… Financial advisers in France report that a […]

Sanctions Against Iran: The Reputational Risk For Law-Abiding And Well-Meaning Companies – Organisations with links to Iran are adept at circumventing traditional financial controls, using opaque and multi-layered structures to conceal ownership, control and associations. Sanction-busting transactions involve not only third, but fourth and fifth parties to circumvent standard sanctions controls. Legitimate businesses are frequently […]

JFSC High risk countries as at Feberuary 2012 – Appendix D of the JFSC AML handbook provides details of countries and territories that are: (i) covered by a FATF statement; (ii) covered by a statement made by a FATF Style Regional Body; (iii) covered by an ongoing FATF process to improve global anti-money laundering/ countering […]

JFSC director-general John Harris – JERSEY’S likely response to a request for help in an investigation involving alleged sanctions-busting by an Iranian bank said to have links to terrorism features in secret US documents released by Wikileaks. The controversial website run by Julian Assange this week released the secret communication from the US Embassy in […]