http://bit.ly/1PaKUkg My last topic today is change at the Commission, and how it will affect the regulated community. The Commission is currently going through a programme of change, with the aim of becoming a more effective and easier-to-deal-with regulator. Why are we doing this? Like many regulators, during the financial crisis we had to apply […]

http://bit.ly/1PaKUkg MONEYVAL. A group of assessors from MONEYVAL, or to give it its full title, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, visited the Island in January this year to assess the jurisdiction. They spent time with the  Commission, the police, the States and also individual […]

http://bit.ly/1PaKUkg Let’s move now from talking about micro-issues within individual firms to my second topic, about the trust industry more widely. Involvement of private equity ownership. One issue that always seems to be raised, with some strongly held views on either side of the debate, is the involvement of private equity ownership. From time-to-time we […]

http://bit.ly/1PaKUkg John Everett, Director of Funds and Fiduciary made a speech STEP Jersey’s 23rd Annual International Conference on Thursday 5 th November 2015 – in doing so he covered four areas key areas: our supervisory work and findings; change and consolidation in the trust industry; a review of the Commission’s wider work to date in […]

WHEN it comes to money laundering and establishing shell companies, it’s the big boys on the block who lay down the rules while they provide the most fertile ground for big time operators seeking to hide  earnings from crime, drugs and corruption. The message came through clearly at the STEP (Society of Trust and Estate […]