It has been reported that STM has been fending off a probe led by officers from the Gibraltar police’s Money Laundering Unit who have arrested and released two employees, including chief executive Alan Kentish on suspicion of failure to disclose. Furthermore, STM has failed in its efforts to impose a news blackout on a crucial […]

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 […]

The Malta Financial Services Authority has said that Alan Kentish, a director at STM Group PLC, should not hold for one year any directorship, senior managerial and, or executive roles within the London-listed company’s two subsidiaries supervised by the regulator. STM Group PLC specialises in administrating the assets for international clients in relation to retirement, […]

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 […]

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 […]