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Comment and Analysis

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Anti-Money Laundering

Jersey updates AML rulebook

The latest version of the Jersey Financial Services Commission's rulebook for the prevention and detection of money laundering and the financing of terrorism has been updated to take account of the Money Launder...

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People Moves

The FCA's latest pronouncements on the SM&CR

The UK's Financial Conduct Authority recently staged a webinar on the subject of how firms should prepare for the Senior Managers & Certification Regime which comes into effect on 9 December....

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People Moves

Compliance is king, says salary survey

Having drawn data evenly from all over the UK's financial services, Randstad has published the results of its compliance salary survey. It has discovered that compliance IT, supposedly the great labour-saver for...

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Fines and Punishment

Inside the Raphaels £1.9 million outsourcing fine

The Financial Conduct Authority and the Prudential Regulation Authority of the UK recently fined R Raphael & Sons plc (whose motto is 'private Bankers since 1787') for failing to manage its outsourcing arrangeme...

Latest News

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Regulation of Products

GFSC updates guidelines for PTCs

The Guernsey Financial Services Commission has revised its guidelines regarding Private Trust Companies and its expectations of licensed fiduciaries which administer PTCs....

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Jurisdiction Focus

Regulation takes toll on Chinese trusts

China's trust sector is shrinking as a result of the regulatory burdens that the Government is placing upon it, according to the China Trustee Association....

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Fines and Punishment

MAS bans UBS banker from financial services

The Monetary Authority of Singapore has issued 3-year prohibition orders against Mr Paris Michele for dishonest conduct. As a representative of UBS AG at its Singapore branch, he allegedly forged documents and f...