Insights from the people doing the work

JPFs continue to remain the growth product in Jersey’s fund industry and whilst the regime is a “lighter touch” regulatory regime for certain aspects, JPFs have to meet the provisions of the JPF Guide and adhere with Jersey’s AML/CFT/CPF regulations.

The rapid proliferation of generative AI has led many industries to experiment with customised chatbot solutions and regulatory compliance is no exception.

The JFSC conduct regular examinations to assess the compliance of registered persons (both entities and individuals) with statutory and regulatory obligations – the relevant laws, orders and codes of practice, as well as the JFSC’s policies and any guidance which they have issued.

The JFSC has started to give more attention to the financial resources of regulated businesses and has established a team to focus on prudential matters.

Altair was delighted to help out at the annual Soup Kitchen in support of local charity Shelter Trust.

Mandy Blake has joined the Altair Group as a Regulatory Consultant at Cyan Regulatory, further strengthening the business’ depth of expertise in the provision of regulatory support and consultancy.

In the last two years, advances in Generative AI (GenAI) have sparked a surge in chatbot applications across various industries, including regulatory compliance.

The Altair Group is pleased to announce that its Consulting practice has been recognised as one of eprivateclient’s 2024 Top Investment Consultants.

Altair is delighted to support National Trust Jersey through membership and also through volunteering.

The MONEYVAL Mutual Evaluation Report (Report) analyses the level of compliance with the Financial Action Task Force (FATF) 11 Immediate Outcomes and 40 Recommendations and the level of effectiveness of Jersey’s anti-money laundering/countering financing of terrorism (AML/CFT) system and provides recommended actions on how the system could be strengthened.

Cyan Regulatory are delighted to announce they have entered into a partnership with award-winning software providers Decision Focus and have developed a comprehensive governance, risk and compliance management system called Beacon.

Altair, the Independent Governance and Consultancy specialist, welcomes Niall Husbands.