Insights from the people doing the work

Lisa Ronayne has joined the Altair Group as an Associate Director of Cyan Services Limited, further strengthening the business’ expertise in the provision of regulatory support and consultancy with a particular emphasis on the funds and investment business sectors.

The JFSC has published the report from its 2022 Financial Crime Examinations, summarising the main findings from 20 financial crime examinations (18 financial services businesses and two DNFBPs) conducted during 2022. There were 120 findings with just one business having no findings.

The past couple of years, with the difficulties in recruiting and retaining personnel, the extension of the civil penalties regime, the increasing demands of clients and the increasing expectations of personnel, have highlighted yet further the importance of managing the performance of a regulated business’ personnel and the risks that they present throughout the course of their time at the business and also the risks that the business could present to them.

In the first article, we considered how to manage potential risk when recruiting a new employee and welcoming a successful candidate into the business.

In the previous article, we considered how to manage employee risk on an ongoing basis through oversight of employees and also through the provision of learning and development.

Altair are proud to sponsor the Jersey Table Tennis Island Games Team and wish them the very best of luck in Guernsey.

Independent directorship and governance consultancy services business, Altair, has appointed Phil Braun as a Client Director.

John Small has joined the Altair Group as an Associate Director of Cyan Services Limited.

Independent directorship and governance consultancy services business, Altair, appoints Laura Hazzard as a Client Director.

The Chirpy Cricket Academy Under 11s enjoyed a day out at Wimbledon Cricket Club.

The recent amendments made by the Jersey Financial Services Commission (“JFSC”) to the AML/CFT/CPF Handbook include a new section (8.8) which provides guidance on the reporting obligations set out in the Sanctions and Asset-Freezing (Jersey) Law 2019.

The Government of Jersey and the Jersey Financial Services Commission (“JFSC”) have concluded their consultation on amendments to certain requirements in the Non-Profit Organisation (Jersey) Law 2008, (“NPO Law”) and the introduction of: