With regulators worldwide becoming more proactive and intrusive, the number of investigations has increased exponentially. Jersey is no exception, priding itself on its well-earned reputation as a centre of excellence where probity in financial affairs is the Island’s byword.
Our partner-led approach works particularly well in regulatory matters. For example, we recently advised a leading trust company in relation to a complex regulatory investigation relating to a trust structure which held assets worth circa €1 billion.
The case raised novel issues of statutory interpretation concerning the Proceeds of Crime (Jersey) Law 1999. We have also advised on bank projects including updating internal processes and documentation where there are changes to Jersey regulation.