5th October 2016
Around a year ago, the government of Jersey, a British Crown dependency, announced its intention to look at regulation for the activity of digital currency exchanges. While they said at the time they did not want to impose an oversight heavy licensing system such as that favored by New York,… Read More
4th October 2016
Threats by the Labour Shadow Chancellor to crackdown on British offshore finance centres have been dismissed as just a ‘cheap shot’ by outgoing Chief Minister Allan Bell. Read More
21st September 2016
The court heard in total they sent more than £39,000 from accounts with Isle of Man Bank to Merseyside in more than 60 online transactions or bank transfers, despite suspecting the money came from the drugs trade. Read More
15th September 2016
The MoU is intended to facilitate cooperation on the supervision of cross-border establishments and the exchange of information Read More
11th September 2016
SINGAPORE — The State Court has sentenced a married couple to prison in a $3.6 million international money laundering case linked to Chinese telecom giant ZTE and the former prime minister of Papua New Guinea. Singaporean national Lim Ai Wah was given a five-year prison sentence Thursday,… Read More
7th September 2016
Terrorist financing and financial crime currently pose the most severe risks facing financial services firms in Jersey, according to a recent survey from the Jersey Financial Services Commission. The finding is a result of the Commission’s Risk Overview survey of approximately 300 compliance officers conducted in June this year. More… Read More
25th August 2016
Premier Lin Chuan (林全) on Thursday directed the Financial Supervisory Commission (FSC) to begin examining Mega International Commercial Bank’s New York and Panama branches immediately, after the bank was fined NT$180 million in the United States recently for violating anti-money laundering laws. Raising the issue at a weekly Cabinet meeting,… Read More
24th August 2016
Providence Investments Funds and its manager Providence Investment Management International have been wound up by order of the Royal Court of Guernsey. The wind-up application was brought by the Guernsey Financial Services Commission (GFSC) after all of the directors of both companies resigned on 4 and 5 August, having informed… Read More
24th August 2016
New Zealand police say they have reached a deal with a China-born businessman for him to pay a record NZ$42 million (S$41.5 million) fine to settle legal action following an investigation with China into money laundering. Mr William Yan, a New Zealand citizen, is accused of embezzlement and is on… Read More
23rd August 2016
Territory braces for 2017 FATF review Read More