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£550,000 fine for Jersey trust company demonstrates importance of effective and consistent anti-money laundering procedures

Jersey, United Kingdom - March 17 2021 In a recent judgment the Royal Court (Court) has imposed a hefty £550,000 fine on a firm for failing to ensure that, in practice, its AML policies…

Matthew Shaxson, Nick Williams.

Z Trusts judgment: whose rights take priority when a trust is insolvent?

Jersey - July 15 2019 Jersey's Court of Appeal has handed down its long awaited judgment in the Z Trusts case. The decision considers important questions regarding the…

Oliver Passmore.

Jersey Royal Court imposes substantial fine for inadequate AML policies and procedures

Jersey - May 12 2020 In a rare decision on the Money Laundering (Jersey) Order 2008 (MLO) the Royal Court (Court) has underscored the critical importance of firms…

Jersey Royal Court demonstrates its ability to assist in the administration of foreign trusts

Jersey - September 10 2020 In its recent decision in In the matter of the 1964 Settlement [2020] JRC 140B, the Royal Court (the Court) has - for the first time - considered…

Oliver Passmore.

Practical guides on avoiding a referral to the JFSC

Jersey - April 27 2021 With the JFSC taking - and wanting to be seen to be taking - an increasingly robust approach, many regulated firms are looking for clear guidance on…