The Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 (together with its supplemental regulations and order) came into force on 6th January 2021 and brought Jersey up-to-date with MoneyVal’s assessment in relation to Jersey’s implementation of FATF Recommendation 24 by introducing a specific legislative framework for the collection of BOC information.

Our training seminar looks at the following topics:

  • What is BOC and why is it required?
  • What are the corporate entities considered legal persons?
  • Beneficial owners and controllers of legal persons
  • Filing and updating beneficial owner and controller information
  • Penalties for failing to report
  • Beneficial owners and controllers of legal arrangements
  • Example case studies

We have provided BOC training to trust companies, banks and in-house counsels.  If you would be interested in receiving training or refresher training on this important area, please do get in contact.

Type

Insight

Locations

Jersey

Share
Twitter LinkedIn Email Save as PDF
More Publications
2 Sep 2021 |

Duties of Trustees

The relationship of trustees to beneficiaries is viewed as fiduciary, meaning there are certain equi...

30 Jul 2021 |

Fighting international fraud

First published in New Law Journal, July 2021. Appleby partners Anthony William and Jared Dann an...

Contributors: Jared Dann, Claire Corkish
27 Jul 2021 |

Fund Finance Update – Will Jersey’s new sustainable investment disclosure requirements aid ESG financing?

This article provides an overview of ESG, the hot topic of 2020 that is carrying on full steam throu...

Contributors: Daniel Healy
22 Jul 2021 |

Listing Variable Funding Notes (VFNs) on The International Stock Exchange

This article provides a summary of Appleby listing agent services in the Channel Islands, and also o...

1 Jul 2021 |

Saunders v Vautier where the beneficial class is not closed - the debate goes on...

The rule in Saunders v Vautier is familiar territory for trust lawyers.  In the modern world it is ...

17 Jun 2021 |

Solvency Statements under Companies (Jersey) Law 1991 - Is it time to go paperless?

In April of this year, the Royal Court of Jersey considered the practicalities around the making of ...

Contributors: Kevin McQuillan
11 Jun 2021 |

“Offshore intelligence – Funds in demand” Appleby Podcast

We have recently produced a podcast focused on the Funds industry entitled “Offshore Intelligence ...

2 Jun 2021 |

Why use Jersey entities in restructurings?

As the extension of various forbearance measures and fiscal support packages continues in response t...

Contributors: Gemma Whale, Andrew Weaver
28 May 2021 |

Further updates to the JFSC’s AML Handbook

On 31 May 2021, the handbook for the prevention and detection of money laundering and the financing ...

Contributors: Gemma Whale
20 May 2021 |

Jersey - extension of economic substance requirements to partnerships

Draft legislation has been lodged for debate in the Jersey legislature which will have the effect of...

Contributors: Paul Worsnop