Jersey Finance confirmed the jurisdiction's intention to introduce new fund regulations in April as part of its strategy to meet the requirements of the AIFMD, at its annual funds conference in London this week.
Jersey has signed two tax agreements this week, one with G20 nation Brazil and the other with EU member state Latvia.
Jersey’s economic development minister Alan Maclean has approved a grant of over £4m to Jersey Finance the organisation's largest ever lump sum from the States government.
Jersey Finance has appointed Richard Corrigan to the new role of global head of business development.
Jersey’s 2013 Budget, which was approved yesterday by the States Assembly, will include measures to prevent its residents from avoiding tax through the use of Jersey companies from January 1.
Widespread media focus on offshore financial centres, particularly Jersey, in recent weeks has focused attention on their possible use by criminals to hide and launder money…
The Governments of Jersey, Guernsey and the Isle of Man issued statements late this afternoon saying that they had met with UK Treasury officials about the possibility of extending the principles behind FATCA "to an exchange of information” with Britain.
Britain’s overseas territories, including the Crown Dependencies, Gibraltar and the Cayman Islands, are expected to be seeking official confirmation with some urgency of a report that the UK government is planning a ‘son of FATCA’ aimed at obtaining information on all accounts held by British taxpayers.
Spanish banking group Santander is said to be looking into the possibility of selling its private banking operation in Jersey.
The Jersey Financial Services Commission has published the results of its consultation on a review of the island’s financial advisory industry, ahead of the 2014 start date for implementing the recommended changes.
The Jersey Financial Services Commission has formally wrapped up an investigation of a Jersey firm it had been investigating, more than a year after the company, Corinthian Holdings Ltd, ceased trading.
RBC Wealth Management is launching a new strategy in the Channel Islands, whereby it will focus on offering its services to financial institutions rather than just to private individuals, and has named ex-HSBC Private Bank executive Adam Norris to oversee it.
