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Years in business

Meet the team

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Nicola Ingram

Director

Alexandra Ruddy

Director

David Wilson

Advocate/ Director

Paul Le Marrec

Associate Director

Val Averty

Office Manager

Our latest news

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23.09.2024 • Regulatory

by Paul Le Marrec

Is your business prepared to be examined for Conduct Risk?

What is Conduct Risk? While there is no single definition, conduct risk has its origins in consumer protection. Most regulators place responsibility on businesses to identify the potential risks posed to customers and market counterparties and to establish and maintain appropriate standards for the conduct of their activities. In Jersey, the JFSC will have regard […]

12.09.2023 • Company News

by David Wilson

Jersey Financial Services Commission Issue – An Examination Guide

There are three broad categories of examination: Entity Risk – conducted in response to a known or perceived risk within a particular entity. Thematic – conducted in response to a perceived current or emerging regulatory risk. Event Driven – driven by external events which occur outside of a known or perceived risk within a regulated […]

02.05.2023 • Law

Deferred Prosecution Agreements (DPA) – an update

Whilst the AG’s guidance addresses a number of practical issues, it also makes clear that it will not address all queries arising from DPA proceedings, and that entities should take their own legal advice before self-reporting. Key points arising are: This article is not to be regarded as advice on any particular matter. Specific advice […]

15.03.2023 • Regulatory

by Alexandra Ruddy

Regulation: a tool to help business practice?

Financial services businesses have long been enlisted by governments into the fight against financial crime and terrorist and proliferation financing. But recent events in eastern Europe illustrate the increasing burden on businesses, with tightening economic sanctions. Businesses are spending ever- increasing amounts to comply with the changing legal landscape, and to be able to demonstrate […]

15.03.2023 • Regulatory

Risk of confusion

Types of Risk Assessment A risk-based approach implies both the regulator and industry understand the risks they face and allocate their resources accordingly. Firms in Jersey, like other jurisdictions, are obliged to maintain a range of risk assessments for different purposes, including: Each of these risk assessments is important and useful, when approached correctly. Risk […]

20.01.2023 • Law

FAQs on the extension to the scope of Jersey’s AML/CFT/CPF regime

Please note this briefing note does not constitute legal advice. It is based on the draft guidance and legislation which has yet to come into force and may be subject to further amendment or clarification. What has happened? The JFSC has proposed that a series of exemptions from the scope of Jersey´s AML/CFT/CPF regime are […]

11.01.2023 • Regulatory

Isle of Man ObenView 1: FSA announces AML/CFT thematic for TCSP sector

05.01.2023 • Regulatory

ObenView 11: AML/CFT/CPF Handbook changes

28.11.2022 • Law

Cometh Moneyval …cometh another law enforcement mechanism …

Who is involved? A DPA involves Jersey’s Attorney General (AG) as prosecutor and a legal entity (LE), such as a company, as defendant (DPAs are not available to individuals). A DPA allows a criminal prosecution to be suspended for a defined period and potentially discontinued, provided the defendant LE meets certain conditions under an agreement […]

26.08.2022 • Law

The UK’s Register of Overseas Entities

The Act eventually fast-tracked through Parliament in March 2022, amid concern about unlawful funds arriving in the UK from Russia following the invasion of Ukraine. An important step towards transparency in property ownership, the Register is amongst other measures included in the Act aimed at upholding the global framework for fighting economic crime. Failure […]