A LAWYER has appeared in the Magistrate’s Court to face 38 charges involving the alleged criminal and fraudulent use of more than £100,000 of client money. Centenier Shirley Madden said that 29 of the 38 offences were allegedly committed between 24 September 2008 and 25 November 2010. Those 29 allegations relating to the alleged use […]

The Commission has today published Consultation Paper No. 4 2015 on revisions to the Money Laundering (Jersey) Order 2008 and Commission AML/CFT Handbooks. The consultation has a much reduced comment period as the proposed amendments are as a result of the recent assessment of the Island’s compliance with some of the former FATF Recommendations by […]

MONEY LAUNDERING (AMENDMENT No. 6) (JERSEY) ORDER 2013 has introduced concept of obliged person – The following outlines the new rules as simply as possible!!! Stage 1 –  Definitions “Obliged person” has the meaning in Article 16(1);   “Regulated business” means a FINANCIAL SERVICES BUSINESS in respect of which a person – is registered under […]