Virtual Office or Bricks and Mortar Presence ? Structuring Family Offices in Jersey

Virtual Office or Bricks and Mortar Presence ? Structuring Family Offices in Jersey

The family office sector continues on its upwards growth trend and Jersey operates a financial services regulatory environment[i] which accommodates a range of family office stuctures. Of course, as is well appreciated, there is no single accepted definition of what a family office is. The variety of family office structures is huge reflecting diversity in the […]

Is this the end of Simplified Due Diligence?

Is this the end of Simplified Due Diligence?

Changes to the Procedures applicable to Customers Acting for Third Parties – Article 17 Money Laundering (Jersey) Order 2008 Many financial services businesses in Jersey ( “relevant business or businesses”) which are subject to the requirement to carry out due diligence on their customers under the Money Laundering (Jersey) Order 2008 (“MLJO”) have historically placed a large […]