Jersey Funds Contact: Ben Robins Jacqueline Richomme Daniel Birtwistle Joel Hernandez Felicia de Laat This briefing gives a summary of the key features of a listed fund.Jersey: http://www.mourantozannes.com/media/452069/jersey_listed_funds.pdf

 Jersey Funds Contact: Ben Robins Jacqueline Richomme Daniel Birtwistle Joel Hernandez Felicia de Laat This briefing gives a summary of the key features of an unregulated fund. http://www.mourantozannes.com/media/452420/jersey_unregulated_funds.pdf

Jersey Funds Contact: Ben Robins Jacqueline Richomme Daniel Birtwistle Joel Hernandez Felicia de Laat This briefing gives a summary of the key features of a publicly-offered collective investment fund which is not an expert fund, recognized fund, listed fund or unregulated fund. http://www.mourantozannes.com/media/453338/jersey_public_funds.pdf

Jersey, Guernsey, Cayman Islands, BVI Funds Contact: Ben Robins After months of delay and uncertainty, the European Commission published the Level 2 Delegated Acts for the Alternative Investment Fund Managers Directive (AIFMD) on 19 December 2012. This short briefing summarises the impact of Level http://www.mourantozannes.com/media/857632/aifmd_update_-_publication_of_level_2_text_on_19_december_2012.pdf

10 years seems to the best practice limit in the industry although I accept the Money Laundering rules require that for a relevant person must make and retain orderly records of CDD information for at least 5 (five years) from the end of the relationship with the customer (or the completion of the transaction, for […]

Sanitised case 3 A Jersey company owned a private luxury yacht which had been acquired for US$20m. About 30% of the acquisition was financed from bank loans, the remaining 70% was believed to have been privately funded from the two beneficial owners of the company. A recent letter from a Middle Eastern construction company identified […]

The Foreign Account Tax Compliance Act (FATCA) regulations were introduced under the HIRE Act (Helping Individuals Return to Employment). FATCA was passed in the U.S. in 2010 and following a degree of industry consultation the proposed regulations were released in early 2012 with an invitation for feedback. The final regulations are expected in late 2012 […]

Sanitised case 2 The disclosing institution was approached by an existing client to set up and administer a fiduciary structure for the general manager of a Russian company, their client being a major shareholder in this company.The proposed structure was to facilitate the transfer of approximately 5% of company shares as a reward for many […]