Insights from the people doing the work

Altair are proud to sponsor the Junior Table Tennis Academy providing free table tennis lessons to school children.

The surfacing of multiple issues in the various Pandora Papers investigations, combined with the JFSC’s recent publication of feedback from their examinations into compliance with enhanced and simplified due diligence provisions, along with relevant exemptions, prompted me to think there might be merit in revisiting the subject of foreign politically exposed persons (“PEPs”).

30th August 2021 was the date of the start of a great relationship for the cricket youngsters, as Wimbledon hosted Chirpy’s Academy Under 11s. Altair are proud to support Chirpy’s Cricket Club who are going from strength to strength with 160 children signed up for the Autumn term.

The recent Government / JFSC webinar which explained their consultations on proposed changes to enforcement and civil penalty powers and processes seems to have been an important moment in crystallising what was already clear to many people – the industry-wide shortage of decent compliance personnel.

It can be difficult to find useful and relevant information on terrorist financing; money laundering seems to be addressed far more frequently in industry publications and authority reports, reflecting the evolution of international legislation.

I was recently reading an excellent article by Tim Morgan, Chair of the Jersey Funds Association, concerning the increasing importance of governance in the funds arena and how managers are responding to the scrutiny being placed upon them by investors.

Mike Farley shared his thoughts recently with fellow trust and estate practitioners in an article in the STEP Journal (Volume 29, Issue 1).

In a competitive and highly regulated world, we must adhere to and are measured against ever-higher standards. 

The HR and Compliance Teams often seem to operate at a distance within the same business, each focussing on their own areas of law and regulation with limited, if any, co-ordination between the two teams.

Imagine you are the Head of Compliance for ABC Financial Services.  The phone rings and it’s your JFSC supervisor on the line, informing you that the Commission would like to undertake an examination of your business in 2 months’ time.

Table tennis in Jersey has received a boost from a new three year sponsorship deal agreed with Altair Partners, which will enable the Jersey Table Tennis Association (JTTA) to provide free table tennis lessons to school children and to build a strategy to raise awareness of the sport to a wide range of school children.

THE 2019-20 PwC Corporate Table Tennis League had an exciting finish, with three teams going into the final set of matches with a possibility of taking the inaugural league title. Altair Partners. EFG Private Bank and Express Autos all had an opportunity of lifting the trophy on the final evening of matches.