Insights from the people doing the work

Independent directorship and governance consultancy services business, Altair, appoints Oliver McDowell as a Client Director.

The Jersey Financial Services Commission (“JFSC”) has announced that the theme for its examinations of prescribed non profit organisations (“NPOs”) in 2024 is diversion mitigation.

The 13th March 2024 marked a significant milestone in the move toward legislation aimed at managing the freight train that is AI development. During the 13th March sitting, the European parliament approved legislation which seeks to increase scrutiny and control on the uses of AI technology.

The Jersey Basketball Association Altair Academy travelled over to France in early March to play matches against AL Bruz.

We are delighted to have been shortlisted for a Digital Jersey Productivity TechAward for our in-house governance, risk and reporting system Insight.

Cyan Regulatory is delighted to have teamed up with local digital agency Blue Llama to produce a ground-breaking digital tool to help Jersey businesses navigate the intricacies of the Island’s AML/CFT/CPF regime.

The Jersey Financial Services Commission’s (“JFSC”) Codes of Practice and the AML/CFT/CPF Handbook set out the requirements for the Board (or equivalent governing body) to assess the risk present in the registered/supervised persons business.

Ali Richomme has moved within the Altair Group to Altair Consulting as Innovation Development Lead.

2023 saw the use of Artificial Intelligence (AI) become more and more common within financial services and other professions.

Jersey’s Government should shortly be publishing the feedback from its consultation on the proposed Consumer Credit Regime.

On 1 September 2023, the EU Legislation (Information Accompanying Transfer of Funds) (Amendment) (Jersey) Regulations 2023, will come into effect. This amendment widens the scope of entities to whom this regulation will be applicable.

The recent approval of amendments to the Money Laundering (Jersey) Order 2008 by Deputy Miller will introduce a number of important changes to this cornerstone piece of local legislation from the 1st September 2023.