A MAN who claims he was made the scapegoat for a botched three-million-euro transaction carried out by an Island trust company appeared before the Jersey Employment and Discrimination Tribunal yesterday. Benedict Hampton was dismissed as a senior manager at STM Fiduciaire for gross mis-conduct after a trust was terminated in 2012 and its assets were […]

A MAN who claims he was made the scapegoat for a botched three-million-euro transaction carried out by an Island trust company appeared before the Jersey Employment and Discrimination Tribunal yesterday. Benedict Hampton was dismissed as a senior manager at STM Fiduciaire for gross mis-conduct after a trust was terminated in 2012 and its assets were […]

Acquittal for MLRO and regulated business charged with offences under the Proceeds of Crime (Jersey) Law 1999 Recent proceedings against STM Fiduciaire Limited (STM) and its Money Laundering Reporting Officer, Michelle Jardine, (Jardine) for breaches of the Proceeds of Crime (Jersey) Law 1999 (PCL) have resulted in an acquittal for all parties. This was the […]

The Jersey Financial Services Commission (the “Commission”) issues this public statement pursuant to Article 25 of the FS(J)L. Introduction 1.1.         STM Jersey is presently authorised by the Commission to conduct Trust Company Business as defined in the FS(J)L. Following concerns over compliance by STM Jersey, through the conduct of one of its principals, with applicable […]

Failing to file a Suspicious Activity Report Background In the first prosecution of its kind in Jersey, the Royal Court has acquitted Michelle Jardine (represented by Advocate Nuno Santos-Costa) and STM Fiduciaire Ltd (represented by Advocate David Steenson) of charges under the Proceeds of Crime (Jersey) Law 1999 (POCA). This is the first time anyone […]

Introduction In the first prosecution of its kind in Jersey, the Royal Court has acquitted Michelle Jardine (represented by Advocate Nuno Santos-Costa) and STM Fiduciaire Limited (“STM”) (represented by Advocate David Steenson) of charges under the Proceeds of Crime (Jersey) Law 1999 (POCA). Lasting for four days, the result of this trial should give a […]

In the first prosecution of its kind in Jersey, the Royal Court has acquitted Michelle Jardine (represented by Advocate Nuno Santos-Costa) and STM Fiduciaire Limited (“STM”) (represented by Advocate David Steenson) of charges under the Proceeds of Crime (Jersey) Law 1999 (POCA).  Lasting for four days, the result of this trial should give a measure […]

The following news article was posted Thu, 2nd Apr 2015 09:56 LONDON (Alliance News) – Financial services company STM Group PLC Thursday said regulators in Jersey are planning to prosecute its STM Fiducaire unit and a former employee over the investigation into compliance procedures at the division in 2012. STM said the Jersey Financial Services […]