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, […]

The Jersey Financial Services Commission Newsletter (issue 16 / December 09) to the finance industry has been posted on their website. For more information read: http://www.jerseyfsc.org/pdf/JFSCNewsletter(16).pdf

FSMT decision – Chhabra and Patel v FSA The Financial Services and Markets Tribunal (FSMT) has upheld the FSA’s findings that Mr Robin Chhabra and Mr Sameer Patel committed market abuse by using inside information to carry out a series of profitable spread bets. Mr Chhabra started working for Evolution Beeson Gregory (Evolution), a firm […]

As part of the regular CPD Comsure updates the following FSA update may be worth looking at as we enter 2010. On the 25/9/09 the FSA updated their TCF pages to include examples of good and poor practice which financial advisers/ Mortgage brokers / General insurance intermediarys may find helpful in supporting their CPD Ethics […]

This public statement serves to highlight serious breaches of the Codes of Practice by Alternate, an entity formerly registered by the Commission under the Law to provide investment advice. To view full article, select the following link: http://www.jerseyfsc.org/the_commission/general_information/public_statements/AlternateInsurance-Full.asp