The Foreign Account Tax Compliance Act (FATCA) regulations were introduced under the HIRE Act (Helping Individuals Return to Employment). FATCA was passed in the U.S. in 2010 and following a degree of industry consultation the proposed regulations were released in early 2012 with an invitation for feedback. The final regulations are expected in late 2012 […]

Sanitised case 2 The disclosing institution was approached by an existing client to set up and administer a fiduciary structure for the general manager of a Russian company, their client being a major shareholder in this company.The proposed structure was to facilitate the transfer of approximately 5% of company shares as a reward for many […]

Sanitised case 1 A TCB client advised he was to sell his half of a property (which he co-owned with his brother) in Russia for US$7m. The disclosing institution was told that two payments, one of US$1m and one of US$1.8m, for this transaction would come from independent third party accounts located in Cyprus to […]

 To access the report in full and to find out more about the work of the HSI, please click here. http://www.gov.je/SiteCollectionDocuments/Working%20in%20Jersey/R%20Health%20and%20Safety%20Inspectorate%20Annual%20Report%202011%20-%2020110925%20AM.pdf Labour market report June 2012: growth in “private sector industries” On 3 October 2012, the States Statistics Unit published its six monthly review of Jersey’s labour market for the period to June 2012. Total […]

The first Chair of the Jersey Employment Tribunal, Advocate David Le Quesne, retired in 2012, as did Tribunal Member Mrs Kelly Flageul. The position of Chair was filled by the former Deputy Chair, Nicola Santos-Costa. Advocate Claire Davies joined the Tribunal as the new Deputy Chair, along with new Tribunal Members Ian Carr, Timothy Allen […]

Hughes’ employment commenced on 1 June 2011. On 6 September he was told that he had failed his probationary period and he was given 1 month’s notice, which expired on 5 October. Hughes lodged an unfair dismissal complaint in the Tribunal. He also claimed wrongful dismissal, on the basis that he should have been given […]

In 2012, the Tribunal published its first decision under the ERL. Although Maindonald v States Employment Board 147/2010 concerned the question of whether the States Employment Board had properly calculated Maindonald’s holiday entitlement, before that point could be addressed the issue was raised as to whether the complaint should be considered by the Tribunal as […]

UK lawyers implicated in money laundering, including any type of complaint, arrest or prosecution include the following The case of Benjamin Cornelius[2011]– solicitor has been sentenced to four years and eight months in jail for fraud, money laundering and perverting the course of justice in March this year after fraudulently securing mortgage advances amounting to […]