Insights from the people doing the work

The JFSC has published its feedback to the Consultation on AML/CFT Scope Exemptions.

There’s no point denying it. It’s a tough time to be a compliance officer.

The recent JFSC public statement and civil penalty issued by the JFSC to Lloyds Bank Corporate Markets Plc, may not at first glance be considered relevant to all supervised persons to consider if there are any learning points for their operations.

The deadline for the annual Jersey Private Fund submission by Designated Service Providers has been extended to the end of August. The DSP is responsible for the return and various firms take different approaches in involving the board of the JPF in this process.

Over the past few months, most businesses have learned a great deal about sanctions, in particular how practical and effective the business’ controls are when put to the test!

The UK’s National Crime Agency, Office of Financial Sanctions Implementation and other authorities have issued a Red Alert providing useful and practical details of financial sanctions typologies being used by Russian elites and their enablers.

The British Secondary Schools Table Tennis Championships were held in Largs, Scotland on 24th to 26th June 2022 and Jersey came away with 5 medals.

The Jersey Financial Services Commission has launched a consultation on who should be regarded as senior managers for the purposes of the civil penalties regime.

We are proud to share that the Jersey girls and boys team of the Junior Table Tennis Academy have been competing in the British Primary School Championships in Guernsey, and came home with three medals!

We are absolutely delighted to welcome Sharon Avis to Cyan.

Independent professional services firms, Cyan and Altair, have joined forces to create a leading practice in the Channel Islands comprising more than 20 professionals in the fields of directorship, compliance and governance consultancy services.

Independent directorship and governance consultancy services business, Altair, appoints Fiona Wild as a Client Director.