Jersey’s Financial Services Commission has released the results of an industry consultation on proposed revisions to the Money Laundering (Jersey) Order 2008. The amendments have been proposed to align the Jersey Order with certain revised recommendations from the Financial Action Task Force on Money Laundering (FATF), and to clarify the application in certain circumstances of […]

Senator Francis Le Gresley said the law will be introduced gradually so people can get used to it Jersey’s government has passed the island’s first anti-discrimination law by 45 votes to two. The legislation has taken 13 years to introduce and will make it illegal to discriminate against people based upon race in Jersey. Rules […]

You may have seen the recent local media coverage relating to the Report produced by Darren Newman (“Mr Newman”), independent employment law expert in the UK, following his review of the decisions of the Employment Tribunal in Jersey (“the Tribunal”) during 2012, which concluded that the Tribunal is fit for purpose. The Report was commissioned […]

The Commission envisages that any civil penalties regime would need to be introduced by a combination of provisions in primary and secondary legislation, supported by published guidance. The next step will be for the Commission to commence work on producing law drafting instructions and drafting guidance. Any draft legislation and draft guidance will be consulted […]

An asset recovery task force has been established in order to coordinate Jersey’s activity as part of an international effort to identify and recover illicitly obtained assets linked to Arab spring jurisdictions. The task force comprises members of the Law Officers Department, the Jersey Financial Services Commission and the Joint Financial Crimes Unit. It was […]

THE  number of Foundation structures registered in Jersey has broken through the 200 barrier, fewer than four years since their introduction. Over 200 Foundations have now been registered with the Jersey Financial Services Commission Registry since 17 July 2009, when Jersey’s Foundations Law came into force. Jersey was the first British Crown Dependency to offer […]

 Some small Jersey businesses are ignoring basic principles of the employment law according to a review. Darren Newman, an employment law expert, reviewed the Jersey Employment Tribunal after increasing criticism from some employers. He found overall the tribunal system was fair and consistent. But he said some small employers were “struggling with or ignoring altogether […]

A major investigation is continuing into allegations of money-laundering through Jersey bank accounts. The Jersey Financial Services Commission began the probe following claims made last November that a drug dealer and a gunrunner were among more than 4,000 customers to hold accounts with HSBC in the island. It followed a leak of the bank’s client […]