JerseyThe Jersey Financial Services Commission published its annual report for 2020, presenting key highlights throughout the year and priority areas of focus during the COVID-19 pandemic.
The Jersey Financial Services Commission issued a press release highlighting that the newly amended versions of jurisdiction’s anti-money laundering and counterterrorist financing Handbooks came into effect on June 1, 2021.
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The Royal Court of Jersey issued a judgment imposing a fine of £550,000 against the St. Helier, Jersey-based company for two breaches of Article 37(4) of the Proceeds of Crime (Jersey) Law 1999 and the related regulations.
The Jersey Financial Services Commission imposed fines totaling £719,451.21 on three entities that form part of the Société Générale Group, a France-based regulated banking group, and a smaller sub-group headed by SG Kleinwort Hambros Bank Limited, a U.K.-regulated bank.
| Technical | Effectiveness |
|---|---|
| Compliant : 16 | High : |
| Largely Compliant : 28 | Substantial : |
| Partially Compliant : 5 | Moderate : |
| Non-Compliant : 0 | Low : |
| Not-Applicable : 0 |
| Rank : N/A |
| Score : N/A |
| Rank : N/A |
| Score : N/A |
| Rank : 16/133 |
| Score : 66/100 |