08 Dec 2016
Published in News

Financial Action Task Force report: is the United States guilty of double standards?

In contrast to the general tone of the report, which points to significant progress since the previous assessment in 2006, that concern is raised about “Lack of timely access to adequate, accurate and current beneficial ownership information” which “remains one of the fundamental gaps in the U.S. context.”

08 Dec 2016
Published in News

US sanctions against China over the East and South China Seas: a serious proposal?

The bill would represent an ambitious change in U.S. policy. If it becomes law, it would require the U.S. president to execute a range of punitive sanctions against Chinese individuals and entities for activities in the South China Sea and in turn sanction third-party financial institutions that interact with those entities knowingly.

07 Dec 2016
Published in News

Jersey: processes should be reviewed ahead of new UK financial crime law coming in 2017

Financial services providers must start adapting and expanding compliance procedures to deal with the new UK failure to prevent the facilitation of tax evasion offence that is set to come into force next year, says Ogier’s Head of Regulatory Services.