News

The FSA is now an “intrusive, intensive regulator” in the mortgage arena and this should be welcomed, the Council of Mortgage Lenders (CML) says. But it adds if the FSA had “focused in the past on errant firms in the way it intends to in the future, some of the problems would have been avoided”. […]

The Financial Services Authority (FSA) has removed the approval of a director at a Durham-based mortgage broker to hold senior positions after 300 customers were put at risk of receiving unsuitable advice. Roger Collins, the only director and approved person at Thoroughgood Harrison & Davies, has been banned from holding senior positions for two years […]

Galleon Insider Trader Close To Plea Bargain US federal prosecutors are close to a plea bargain with another man charged in an insider trading case involving the Galleon hedge fund founded by Raj Rajaratnam, the Financial Times said. Mark Kurland, who founded New Castle, a hedge fund, is “finalising a plea agreement”, according to court […]

The Minister for Treasury and Resources signed Amendment No 4 of the Money Laundering Order on Monday 11th January 2010.  The Amendment comes into force on Monday 18th January 2010. read more http://www.jerseylaw.je/Law/Display.aspx?url=LawsInForce%2fhtm%2frofiles%2fR%26OYear2010%2fR%26O-02-2010.htm http://www.gov.je/StatesGreffe/MinisterialDecision/TreasuryResources/2010/mdtr20090219.htm?printfriendly=true

Stolen Asset Recovery – Politically Exposed Persons – A Policy Paper on Strengthening Preventive Measures This policy paper was issued by the Worldbank and deals with politically exposed persons.  It was presented recently at the Conference of State Parties of the Convention against Corruption in Doha. This Policy Paper on Politically Exposed Persons (PEPs) is […]

Jersey man may be extradited on tax fraud charges – A JERSEY court has cleared the way for the extradition to Australia of Philip de Figueiredo, one of the alleged architects of the offshore tax schemes of millionaire celebrity clients including rock tycoon Glenn Wheatley and actor Paul Hogan. But extradition may still be months […]

<font size=”2″ face=”arial,helvetica,sans-serif”>Public Statement – Financial Services (Jersey) Law 1998, as amended (the “Law”) Ms Pippa Marie Harbour (“Ms Harbour”) (D.O.B. 22.11.1960, or 22.11.1954, or 22.11.1957) of Shoreham Lodge, Rue des Varendes, Castel, Guernsey, GY5 7RF) The Jersey Financial Services Commission (the “Commission”) issues this Public Statement under Article 25(a) of the Law with respect […]

HMRC ups use of terror laws to hunt tax evaders HM Revenue and Customs (HMRC) inspectors are increasingly using controversial powers to monitor suspected tax evaders, official figures suggest. Revenue officers were granted 5,492 requests to spy on people under the Regulation of Investigative Powers Act (Ripa) 2000, legislation designed tackle terrorism and serious crimes, […]