As Jersey continues to make preparations for its first National Risk Assessment, there is a recognition that changes are required to the SAR template amongst other areas to improve the quality and standard of submissions to the FIU. Part of these changes require the FIU to assist industry in the preparation of SARS. To that […]

The misuse of companies is an issue in almost every case investigated by the SFO as highlighted in the HM Treasury national risk assessment of ML In section 7 of the HM Treasury national risk assessment of ML the SFO has identified a number of instances in which ‘off the shelf’ companies have been used […]

HM Treasury and the Home Office have published the first comprehensive assessment of money laundering and terrorist financing risk in the UK. The Government’s aim is to maintain the UK’s position as a global financial centre and ensure the country has robust anti-money laundering (AML) and counter terrorist finance (CTF) regimes. The government will formulate […]