Jersey Guarantee Companies – the forgotten option ?

Simon Howard - Anti Money Laundering

Little use is currently made of Jersey companies limited by guarantee.  Traditionally guarantee companies have been used for philanthropy purposes or as research bodies or to operate clubs and societies. But that could be set to change with the increasing use that is made of Jersey-based entities as asset holding or governance vehicles.  Typically, such […]

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 […]