The head of the FSA’s Savings and Investments Department, Linda Woodall, spoke to the Association of Professional Compliance Consultants’ London Forum (9 March 2010) on what intensive supervision means for small firms. She said that the FSA is currently focusing on three key risk areas: making sure that small firms have sustainable business models; the […]

New Rules for Recognized auditors in Jersey – General Information – The JFSC has published on her website information that will be valid from 5 April 2010 when Regulation 4 of the Companies (Amendment No.4) (Jersey) Regulations 2009 comes into force. Regulation 4 inserts a revised Part 16 [Accounts and Audits] into the Companies (Jersey) […]

The Licensees (Conduct of Business) Rules 2009 and the Licensees (Capital Adequacy) Rules 2010 – The Licensees (Conduct of Business) Rules 2009 (the “COB Rules”) came into force on 1 January 2010 and apply to all entities licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) (“POI Law”) (subject to certain […]

Hamas security forces took $400,000 from a bank in the Gaza Strip Monday, in a direct challenge to Palestinian authorities in the West Bank who had frozen the money to comply with money laundering regulations. amas, which runs the Gaza Strip, said the men were executing a court order to seize the assets of a […]

The Financial Services Authority said it’s charged a third person, Helmy Omar Sa’aid, on insider dealing charges that relate to a previously announced case against senior investment banker Christian Littlewood and his wife Angie Littlewood. The offences relate to trading in a number of different London Stock Exchange and AIM listed shares between 2000 and […]

A Norwegian police investigation into alleged carbon tax evasion is widening its scope into money laundering, with five men charged, Oslo police said on Monday. The Norwegian authorities’ investigation is part of a wider probe into tax fraud relating to carbon emissions trading that European police agency Europol said cost treasuries up to 5 billion […]

Free trade zones (FTZs) are designated areas within countries that offer a free trade environment with a minimum level of regulation. The number of FTZs have increased rapidly in recent years, today there are approximately 3 000 FTZs in 135 countries around the world. FTZs offer many incentives and benefits to the companies that operate […]

The Economic Intelligence Unit (2009, “Managing Risk in Perilous Times: Practical Steps to Accelerate Recovery,” London) recently published a white paper admonishing corporations regarding the practical steps necessary to accelerate recovery during these perilous times. The lessons and steps outlined in the report are instructive for corporations of all industries: 1. Risk management must be […]