Jersey’s first Financial Services Ombudsman will begin investigating and resolving complaints on November 16 2015. Once the ombudsman scheme is in operation, the ombudsman will adjudicate complaints from individual customers in relation to financial services provided in Jersey and will be able to make awards to return complainants to the position that they would have […]

Introduction Jersey property unit trusts (JPUTs) are frequently used to acquire and hold interests in UK commercial real estate, due to the ease with which they can be established and the fiscal advantages that they offer. These advantages may include transparency for income tax and exemptions from UK capital gains tax on the sale of […]

Jersey Financial Services Commission Public Statement on Christian James Bulcock Blair (“Mr Blair”), born 11 February 1973 (formerly Christian James Bulcock), Former Trust Company Business Employee 1              Action 1.1          The Jersey Financial Services Commission (the “Commission”) issues this public statement pursuant to Article 25(a) of the FS(J)L with respect to directions issued to Mr Blair […]

The 16th November 2015 has been announced as the opening date of the Channel Islands Financial Ombudsman’s (“CIFO”) office, subject to States’ (parliamentary) approval. Information for the general public and potential complainants is now available on www.ci-fo.org The site has specific information concerning the ability of people with unresolved complaints to give CIFO advance notice […]

Revenue & Customs has so far collected just £13.9m from an initiative to prise open secret bank accounts in the Crown Dependencies which was originally expected to end up raising £1bn. Just over 400 people have so far come forward to own up to previously undeclared accounts in the Isle of Man, Jersey and Guernsey, […]

The Jersey Financial Services Commission (JFSC) from 23 June, 2015 will have the power to impose financial penalties on regulated businesses of up to £4 million, for significant and material breaches of the Codes of Practice, including contraventions of the Handbook for the Prevention and Detection of Money Laundering and the Financing of Terrorism. The […]

The Government of Jersey has asked public to provide its opinion on whether it should regulate decentralized virtual currencies such as Bitcoin or not. In its just-released consultation paper, prepared under the watch of Jersey Financial Services Commission (the “JFSC”), the Joint Financial Crimes Unit of the States of Jersey Police (JFCU), the Law Officers’ […]

The Jersey Financial Services Commission (the “Commission”) issues this public statement pursuant to Article 25 of the FS(J)L. Following an investigation into the fitness and propriety of Mrs Jardine, in respect of her conduct as a former Principal Person and Key Person of STM Fiduciare Limited and participating members, PO Box 203, 3rd Floor, Windward […]