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

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