The JFSC has Issued on December 2017 ITS Feedback on Consultation Paper  No. 6 2017 on the maintenance / amendments to Codes of Practice, and other amendments to address regulatory concerns and to ensure Jersey’s compliance with international regulatory standards The net result is the Amended Codes (in the form consulted on, save for the […]

Please be advised the JFSC has recently issued a public statement on its website, with reference to Gajan Insurance and Technological Resources. The statement can be viewed at the following link: http://www.jerseyfsc.org/media/1646/public-statement-gajan-december-2017.pdf.

The Jersey Financial Services Commission (JFSC) issued a press release in March 2017 explaining that it would be undertaking a review of Professional Indemnity Insurance (PII) arrangements in place within Jersey’s finance industry. Having adequate PII in place is a regulatory requirement for licensed entities, and this is of particular importance due to the lack […]

The JFSC are coming in 2018 (as noted in the attached) so its time to revisit PPs on UBO and client assets. In particular the PPs (including checklists) on such matters as monitoring, on-boarding, file reviews, trigger events, etc. The following thematic examinations have been identified and will be undertaken by the Jersey Financial Services […]

JSCCA Regulatory update report On October 13th 2017, the Jersey Society of Chartered and Certified Accountants (JSCCA) held a regulatory update seminar at the Hotel de France, with John Harris as a speaker. John Harris stated in his introduction that “There will be major changes in the way the JFSC regulates the finance industry when […]

The Jersey Financial Services Commission has recently issued a public statement on it’s website with reference to Lincoln Trust. The public statement can be viewed at: Lincoln Trust Public Statement

The JFSC has recently published Consultation Paper No. 6 2017, Amendments to Codes of Practice. You can find the link to the document HERE

Jersey currently implements and enforces restrictive measures relating to financial sanctions (including targeted financial sanctions related to terrorism and terrorist financing) in respect of the jurisdictions listed below. AFGHANISTAN (13-04-2017) AL-QAIDA (22-06-2017) BELARUS (21-12-2016) BURMA (MYANMAR) (16-12-2016) BURUNDI (16-12-2016) CENTRAL AFRICAN REPUBLIC (22-06-2017) DEMOCRATIC REPUBLIC OF CONGO (08-06-2017) EGYPT (24-04-2017) ERITREA (21-12-2016) HAITI (ONLY APPLIES […]